E Aphria Reports Dismal Q3 Financials - Stock Craters

Management Commentary

Irwin D. Simon, Chairman, and Chief Executive Officer said:

  • "..The duration and impact of [COVID-19] lockdowns across many of the regions we operate in, particularly in Canada, were greater than we initially anticipated for the cannabis industry and our business; however, we believe Aphria remains well-positioned with our leading brands and market share to experience a robust increase in our top-line as the market improves...
  • Going forward, we are excited about the strategic opportunities for incremental growth as we look to parlay our branded consumer products into additional complementary product offerings in Canada, the U.S., and internationally.
  • ...Our proposed business combination with Tilray...will create one of the strongest global cannabis and consumer packaged goods companies in the world...[and will allow us to] build upon our existing foundation in Canada and internationally by increasing the scale of our global operations [and]...along with the strength of our balance sheet and cash availability, enhance value for all stakeholders."

Stock Performance

Aphria Inc., a constituent in the munKNEE Pure-Play Pot Stock Index, is up 102% YTD and was up 24% in March but has declined +13% so far today in response to the dismal Q3 results as illustrated below in the TSX chart below. Go here to convert into other currencies.

If you found the above analysis of interest check out the other recent analyses of HexoColumbia CareAyr Wellness, Curaleaf, Cronos, Tilray, Aurora,    Canopy, OrganigramGreen ThumbValens, TerrAscendTrulieve, Rubicon, and Harvest Health

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Comments

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Roger Keats 2 months ago Member's comment

sold shares when I got a 50% profit.considering repurchase later

Adam Reynolds 2 months ago Member's comment

50%? Nice! How long did you hold $APHA for before you sold?

Roger Keats 2 months ago Member's comment

2yrs