REUTERS/Amir Cohen
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It s been a rough start to earnings season for Canadian companies, with Aphria s stock dropping over 14% after losing significant market share and a total of C$361 million in the quarter.
There was a lot of pointing fingers at the COVID-19 lockdowns, but Wall Street analysts say that while the lockdowns caused some of the sales decline, Aphria s issues extend beyond the coronavirus.
Tilray postponed a shareholder meeting to vote on its proposed merger with Aphria until April 30.