Aphria Rallies On ‘Second Consecutive Quarter Of Profitable Growth’

Aphria Inc (TSX: APHA) (NYSE: APHA) reported net first-quarter revenue of CA$126.1 million ($95.3 million) Tuesday, up 849% from the same quarter in 2018.

During the first quarter of fiscal 2020, the company generated revenue for adult-use cannabis of CA$20 million, an 8% quarter-over-quarter increase. 

The cannabis company achieved positive adjusted EBITDA of CA$1 million and adjusted EBITDA from cannabis operations of CA$1.3 million in the quarter.

Aphria reported net income of CA$16.4 million or CA$0.07 per share versus net income of CA$15.8 million …

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