Tag: Yahoo Finance

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...

Boeing says 737 MAX should resume commercial flights in January; shares jump

Boeing Co on Monday said it expected U.S. regulators to approve the return to commercial service of its grounded 737 MAX jet in the coming weeks, and its shares jumped as investors grew more hopeful the planemaker had addressed software problems at the heart of two fatal crashes. Boeing said it expected the U.S. Federal Aviation Administration (FAA) to issue an order approving the plane's return to service next month, but added it now expected commercial service to resume in January. Boeing shares rose 5% on the company's outlook....