shares of aurora cannabis inc rose friday morning after the canadian cannabis producer said it reduced its debt payments and expects to reach its cost savings and adjusted earnings profitability targets at 1110 et the shares were trading 14 higher at c202 on thursday after markets closed aurora said it continues to expect to reach profitability on an adjusted earnings before interest taxes depreciation and amortization basis by the end of the year and affirmed a target of between 150 million canadian dollars us112 million and 170 million in annualized cost savings by dec 31 aurora cannabis said it has already realized c140 million in cost savings through the fiscal first quarter which ended sept 30 the company reported its firstquarter adjusted loss before interest taxes depreciation and amortization narrowed to c87 million in the first quarter from a c11 million loss in the prior year period and its cost savings and strong cash position allowed it to repurchase about us160 million of its convertible debt in 2022 revenue for the recent quarter fell slightly to c493 million from c601 million last year revenue from the companys medical cannabis segment fell 23 to c316 million primarily due to the timing of shipments into some of its international markets in the prior quarter aurora said revenue from its consumer cannabis unit saw a 28 decrease to c137 million which it said was primarily due to cyberattack disruptions an employee strike closing down stores and a reduction in sales volumes of discount lowmargin brands as they were replaced with premium highermargin brands aurora said it expects sales to normalize in the fiscal second quarter