U.S. refiner Valero Energy Corp's top boss said on Thursday he expected fuel consumption to benefit from pent-up demand for travel in the summer, shrugging off a larger quarterly loss wrought by a winter storm that hit its Texas operations.
Valero shrugs off storm hit, sees silver lining in demand uptick hydrocarbonprocessing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbonprocessing.com Daily Mail and Mail on Sunday newspapers.
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.
Canada s Organigram buys cannabis edibles maker to tap red-hot demand reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.