Aphria posts C$21.7m revenue in last quarter, up 155% YoY

Aphria has been one of the more entertaining companies to watch in the cannabis industry of late – with both bumpy coverage/allegations in the business press, plus speculation regarding a potential deal with Green Growth Brands.

Today (January 11) Aphria revealed its quarterly results for its second quarter, covering the three months to end of November 2018.

Aphria posted net revenue of C$21.7m in the period, up 63% from the prior quarter – growth it largely put down to initial saes on the now-legal adult use market in Canada. This figure was also up 155% on the C$8.5m revenue posted in the same period of the prior year.

The firm’s adjusted gross profit in the quarter was C$10.2m, while its net income stood at C$54.8 million, compared to C$21.2 million in the previous quarter, and $6.5 million for the same period last year.

Aphria, which temporarily finds itself without a CEO following the departure

... read more at: https://www.cannabisbusinessworldwide.com/aphria-posts-c21m-in-net-revenue-in-last-quarter-up-155-yoy/