Canadian cannabis company Aphria reported increased quarterly revenue on Thursday for the quarter ended Nov. 30, with a net loss of 120.6 million Canadian dollars ($95.3 million). The Ontario-based firm posted net revenue of CA$160.5 million, a 10% increase over the previous quarter. Net cannabis revenue comprised CA$67.9 million of Aphria’s net quarterly income, compared to CA $91.7 million in international distribution revenue from its German subsidiary CC Pharma, and CA$881,000 in net beverage alcohol revenue from its U.S. subsidiary SweetWater Brewing. Adjusted EBITDA, a measure of profitability, was CA$12.6 million. Aphria claimed the No. 1 position in Canada’s adult-use marijuana market during the quarter with a market share of 13%, citing November 2020 data from Seattle-based cannabis analytics firm Headset that covers some major Canadian markets.
Marijuana Business Daily, 01/14/2021 11:55:00
Open article: https://mjbizdaily.com/aphria-grows-q2-revenue-reports-ca120-6m-net-loss/