Aurora Cannabis Inc Q2 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Tamy Chen - BMO Capital Markets Equity Research - Analyst : I was wondering if you're able to help us understand or possibly even quantify of your consumer revenue mix this quarter, how much was in that Daily Special category and how much was the Aurora, San Rafael, Whistler? And then on the gross margins, Glen, I apologize. I may have missed this, but I just wanted to better understand, when you talk about the underutilization or the less absorption of fixed cost, as we think to the fiscal Q3 quarter, I apologize if I missed this, I mean, do you expect that, that headwind is larger because it's a full quarter impact? And if you could just kind of clarify again what you meant by that this headwind might reverse course? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. FEBRUARY 11, 2021 / 10:00PM, ACB.TO - Q2 2021 Aurora Cannabis Inc Earnings Call

Question: Matt Bottomley - Canaccord Genuity Corp., Research Division - Analyst : Just wanted to dig a little deeper on the adult-use penetration here when we look at maybe consumer mind share, took a step back here in sequential declines in your -- in the consumer side. But can you give any color as to how you think your sales to end users out of these dispensaries? Because I think the inventory balances and the lower days of sales on hand here, it's affecting all the players across the board here in Canada. So just any color on how you think your branded products are actually selling in these dispensaries, particularly relative to last quarter? And then, lastly, any commentary on your adjusted EBITDA for next quarter? I know you said last earnings season that potentially you'd get close to breakeven this quarter. So is that possible as we look to fiscal Q3?

Question: John Chu - Desjardins Securities Inc., Research Division - Analyst : I guess my main question here is with the pivot to a premium focused -- the key question for me is whether or not Sky is capable of producing premium flower. So I'll just -- let's pick from some of the texts I've read in the MD&A. You're still conducting tests on Sky's abilities, but can you give us a bit of an insight as to how these tests are progressing? Because, obviously, being able to produce that premium flower Sky is core to this premium strategy. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. FEBRUARY 11, 2021 / 10:00PM, ACB.TO - Q2 2021 Aurora Cannabis Inc Earnings Call