Category: Trucking News

Aphria (APHA) Ready to Reach Full Production Capacity at Opportune Time

Aphria (APHA) recently stated that it has received its cultivation license from Health Canada for its 51-percent owned Aphria Diamond subsidiary, which when fully operational, will have an annual production capacity of 255,000 kilograms.Only Aurora Cannabis and Canopy Growth have more production capacity at this time.In this article we'll look at why the timing of the approval of the license is important to Aphria's performance.Recent performance In its last earnings release in the middle of October 2019, Aphria revenue of $126.1 million, up 849 percent year-over-year. Sequentially, revenue climbed from $28.6 million in the fourth quarter to $30.8 million in the first fiscal quarter.Aphria generated a profit for the second quarter in a row, generating net income of $16.4 million, or $0.07 per share. That was up from the $15.8 million or $0.05 per share generated in the fourth quarter. Last year in the first quarter the company had a loss...