The Week In Cannabis: Strong Earnings, Stocks In Green, Investments And Divestments [Yahoo! Finance News]
Aphria Inc. (APHA)
Last aphria inc. earnings: 4/14 09:00 pm
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Source: Yahoo! Finance News
The Week In Cannabis: Strong Earnings, Stocks In Green, Investments And DivestmentsJavier HasseBenzingaJuly 31, 2020ReblogShareTweetCannabis stocks, and overall markets, closed the week in the green, as cannabis companies got into their earnings season.“Earnings season is just starting to come to life asScotts Miracle GroSMGAlso reporting earnings this week wasAphria Inc.APHAAdult-use cannabis revenue amounted to CA$56.7 million, up by 27% sequentially, according to its fourth-quarter earnings report. Aphria generated CA$152.2 million in overall net revenue, seeing a sequential and year-over-year increase of 5% and 18%, respectively.“Our strong finish to fiscal year 2020 demonstrates that this was a transformative year for Aphria, as our net revenue increased 129% from fiscal year 2019,” noted Chairman and CEO Irwin Simon.Body and Mind Inc.BMMJMore on this week’s results, including those fromVentura Cannabis and Wellness Corp.Benzinga Cannabis’ Earnings CenterETFs faired mostly well.
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