Aprhia reports record revenues

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Aphria on Thursday became one particular of the uncommon Canadian cannabis businesses to report a net profit by posting record net revenues of 128.six million Canadian dollars ($97.three million) in its fiscal fourth quarter, a whopping 969% enhance from a year earlier.

Revenues also jumped 75% from the third quarter.

As a outcome of the company’s overall performance, its stock cost was up about 30% in post-market place trading.

Ontario-primarily based Aphria, which trades on the Toronto Stock Exchange and New York Stock Exchange as APHA, also reported:

  • Income for adult-use cannabis of CA$18.five million in the fourth quarter, up 158% from the preceding quarter.
  • Net revenue of CA$15.eight million.

The firm also reported it ended the quarter with CA$571 million in money.

It also closed a five.25% convertible note, raising additional than $335 million.

For additional detail, go to Aphria’s earning reports statement.

Study additional at MJBizDaily’s Investor Intelligence.

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