Aphria Posts Higher Revenue, Plans To Close Tilray Deal In Q2

Aphria Inc. (TSX: APHA) (NASDAQ: APHA) posted net cannabis revenue of CA$67.9 million for the second quarter of 2021 — 99% higher than in the prior-year quarter.

Overall, net revenue hovered CA$160.5 million ($126.6 million). That's up by 33% from the same period in fiscal 2020.

Gross revenue for adult-use cannabis was $72.1 million — a 150% year-over-year increase.

The Ontario-based company also had a net loss of CA$120.6 million, or a loss of CA$0.42 per share, compared to a net loss of CA$7.9 million, or a loss of CA$0.03 per share in the same quarter of the prior year.

This is Aphria's seventh quarter in a row of growth in terms of gross revenue for recreational cannabis, …

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