Aphria (APHA) Reports Q2 EPS of $0.22 on Revenues of $21.7M
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Aphria Records 63% Net Revenue Growth in Fiscal 2019 Second Quarter; Announces Executive Team Transition
January 11, 2019 7:06 AM ESTNet revenue of $21.7 million up 63% from prior quarter on initial sales to Canadian adult-use market; adjusted gross profit of $10.2 million To accelerate the production ramp-up post-Health Canada approvals, yields were lowered to build stockpiles for expanded facilities and to implement highly automated cultivation and harvesting Licence applications submitted for facilities expansions; annualized harvest expected to increase to 255,000 kilograms by the end of calendar 2019 Successfully advanced international growth strategy with significant strategic alliances and investments in Europe and Latin American Co-founder Cole Cacciavillani and... More
