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Total cannabis net revenue hovered $70.3 million, excluding provisions of $2.7 million
That s up 11% over the second quarter of 2020
Medical cannabis net revenue reached $38.9 million up 42% versus the second quarter of 2020
That jump was due to a 562% increase in high margin international medical sales
Aurora experienced an adjusted EBITDA loss of $12.1 million
That s an improvement of $53.1 million over the second quarter of 2020
The company reported improved cash use by more than 74% compared to the second quarter of 2020
As of Feb. 10, the Edmonton, Canada-based cannabis producer has about $565 million in cash on hand. To reach profitability, Aurora is expected to partner with third party government and non-government consumer sales channels.
Operator
Greetings, and welcome to the Aurora Cannabis second-quarter 2021 results conference call. [Operator instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Ananth Krishnan, vice president, corporate development and investor relations.
Ananth Krishnan
Vice President, Corporate Development and Investor Relations
Thanks, Maria, and good afternoon, everyone, and thank you for joining us for the Aurora Cannabis second-quarter fiscal 2021 conference call for the three months ended December 31, 2020. This call is being recorded today, Thursday, February 11, 2021. With me are Aurora s CEO, Miguel Martin; and CFO, Glen Ibbott. After the close of markets today, Aurora issued a news release announcing our financial results for the fiscal second quarter.
Aurora Cannabis received $23.7-million in federal wage-support funding last year while laying off hundreds Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Jeff McIntosh/The Globe and Mail
Cannabis giant Aurora Cannabis Inc. will receive $23.7-million from the Canada Emergency Wage Subsidy program for 2020, despite laying off almost a third of its workforce in three rounds of downsizing that started last June.
The Edmonton-based cannabis company disclosed in its quarterly earnings Thursday that it had been approved to collect $23.7-million from the federal grant program for the six months