HMLSF - 2 Things to Look for When Aphria Releases Its Earnings Report
2019 wasn't a great year for cannabis stocks. The industry -- as measured by the Horizons Marijuana Life Sciences Index ETF -- shed about 35% of its value during the year. By contrast, the S&P 500 was up by about 30% over the same period. That being said, some pot companies performed better than others, and one of the better stocks was Aphria (NYSE: APHA), whose shares were down by just 8% in 2019.
One of the reasons behind Aphria's comparatively decent performance was the fact that unlike many of its peers, the Ontario-based pot grower recorded relatively strong financial results, particularly during the third quarter, which corresponds to Aphria's first quarter of its fiscal year 2020. Aphria will release its earnings report for the second quarter of its current fiscal year on Jan. 14, and with that in mind, here are two things investors should pay attention to when the marijuana company releases its earnings.
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