# Canadian cannabis firms financial growth

> Live situation record from CLSTR: https://clstr.news/situations/canadian-cannabis-firms-financial-growth
> Updated: 2026-08-07T18:04:25.000Z. Sources: 4. Developments: 2.

In early August 2026, Cronos Group reported a record second‑quarter net revenue of $53 million, driven by higher cannabis flower sales in Israel and Germany, while Aurora Cannabis posted strong first‑quarter 2027 results with international medical cannabis sales up 17% year‑over‑year, largely from Germany. Both companies highlighted expanding overseas revenue, with Aurora noting that about 64% of its revenue now comes from outside Canada.

Two days later, Aurora Cannabis announced that its fiscal 2026 revenue beat expectations, reaching C$321 million, an 11% increase year‑over‑year, and that roughly 55% of that revenue was generated abroad. The company also reported improved gross margins and EBITDA, and its shareholders reappointed a five‑director board and retained Ernst & Young as auditor. These developments show continued financial momentum for Canada’s leading cannabis producers, underscored by growing international market exposure and solid corporate governance actions.

## Timeline

### 2026-08-07: Aurora Cannabis posts fiscal 2026 revenue beat, reappoints board

Aurora Cannabis' virtual AGM approved a five‑member board, reappointed Ernst & Young, and reported fiscal 2026 revenue of C$321 million, an 11% rise, with earnings above guidance.

2 sources. https://clstr.news/cluster/aurora-cannabis-posts-fiscal-2026-revenue-beat-reappoints-board

### 2026-08-05: Canadian cannabis firms Cronos Group and Aurora post record earnings

Cronos Group posted record Q2 revenue of $53 M and net income of $35.7 M, driven by growth in Israel and Germany, while Aurora Cannabis reported Q1 revenue of C$67.6 M with 64% from abroad, highlighting strong

3 sources. https://clstr.news/cluster/canadian-cannabis-firms-cronos-group-and-aurora-post-record-earnings

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Cite as: Canadian cannabis firms financial growth. CLSTR, https://clstr.news/situations/canadian-cannabis-firms-financial-growth