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Aphria shares plunge 14 per cent days before Tilray merger vote

The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Falling cannabis prices and economic shutdowns are hitting Aphria Inc. hard, with Canada’s largest cannabis producer reporting a $68-million operating loss days before shareholders vote on a major merger with rival Tilray Inc. Early this year, Aphria’s stock had skyrocketed as retail investors rushed back into the cannabis sector. From Jan. 1 to early February, its shares soared 280 per cent, and the appreciation sent Aphria’s share-based compensation 600 per cent higher in the third quarter of 2021.

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Tuesday s analyst upgrades and downgrades - The Globe and Mail

Analysts react to Air Canada financial aid deal

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UPDATE 1-Aphria s bleak start to earnings triggers slump in pot stocks

By Reuters Staff (Updates shares, adds rival stocks, comments from conf call, background) April 12 (Reuters) - Canada’s Aphria Inc reported a loss for the third quarter on Monday as it reeled from fresh coronavirus lockdowns in parts of Canada and Germany, sending its shares down 14% and weighing on other pot producers. While the pandemic has lifted demand for weed from customers staying at home, sales of cannabis producers suffered during the latest round of restrictions in key markets such as Ontario and Alberta as pot stores were forced to shut. “The provincial lockdowns were more impactful, particularly in Canada, than we initially expected,” Aphria Chief Financial Officer Carl Merton said on a post-earnings call.

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Aphria reports third-quarter loss, revenue up from year ago mark

Aphria says it lost $47.9 million or 15 cents per share for the quarter compared with an adjusted loss of $9.8 million or four cents per share in the same quarter last year

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Aphria sinks 14% after earnings and revenue fall short of estimates in fiscal third-quarter results

Aphria sinks 14% after earnings and revenue fall short of estimates in fiscal third-quarter results
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