3 Reasons Investors Weren't Impressed With Aphria Stock's Q4 Results [The Motley Fool]
Aphria Inc. (APHA)
Last aphria inc. earnings: 4/14 09:00 pm
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Source: The Motley Fool
On July 9, Canadian cannabis producerAphria(NASDAQ:APHAThe quarterly performance wasn't abysmal -- Aphria continued to show progress and increase its sales. But there were some troubling numbers that likely didn't sit well with shareholders. Here are three likely reasons the results weren't what investors were hoping for.. Aphria's sales growth was underwhelmingIn Q, Aphria's total net revenue came in at . million Canadian dollars. That was an 8% improvement from the prior-year period, during which the cannabis producer brought in CA$8.6 million. However, it was only a % improvement from the third quarter, in which net revenue totaled CA$. million.Image source: Getty Images.It's a bit disappointing, especially given that during the pandemic, there's been a spike in marijuana sales in Canada. Monthly adult-use sales were hovering at about CA$0 million before the pandemic hit, during Aphria's fiscal third quarter. In the months that followed, monthly sales have been about CA$80 million,
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