For Investors
If all that accounting jargon left you dazed, don’t fret. Most of you are savvy enough to get the jist of it, but it should be pointed out that if you want to dig deep on fundamental analysis, it would be unwise to ignore the notes section of the financial statements.
The disclosure requirements of IAS 41 state that the entity must provide a “description of the nature of an entity's activities with each group of biological assets and non-financial measures or estimates of physical quantities of output during the period and assets on hand at the end of the period”.
If you look to the notes section of Aurora Cannabis’ 2017 financial statements, you’ll find this excerpt: “As of June 30, 2017, it is expected that the Company’s biological assets will yield approximately 599,245 grams (2016 – 227,449 grams) of
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