Aurora Cannabis Inc Q3 2022 Earnings Call Transcript

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

Question: Matt Bottomley - Canaccord Genuity Corp., Research Division - Analyst : I just wanted to go back to one of the questions I think Andrew was asking just about the change in the -- the increase in the anticipated savings. Apologies towards just the end there. My line was cutting out. But I think I caught most of it. The guidance on reaching a run rate of positive EBITDA hasn't changed, but you're adding at the midpoint about $90 million of savings. So I understand that from a standpoint of what you previously telegraphed, maybe that's sort of breakeven by sort of the midpoint of adjusted EBITDA. But adding those $90 million of savings in, when you say annualized, is that the last month or the last week of that particular point in time, let's call it midway through fiscal '23, when that will be achieved. And then the actual cash part of it will be lagging? Or are we expecting some sort of step function increase into the adjusted EBITDA at that point in time, given the significant increase in these initiatives?

Question: Douglas Miehm - RBC Capital Markets, Research Division - Analyst : I just wanted to go back to this so that I'm sure I understand Aurora Sky. So it's operating at 25% capacity today. I'm just curious then, what is it making? And what are the revenues roughly coming out of that site? And is it losing $10 million to $20 million a year or even more by the sounds of it?