APHA - Aphria: Big Gains On Reaffirmed Guidance In A Skittish Market
All dollars amounts herein are in Canadian dollars unless otherwise noted.
Source: Author based on company filings.
Summary
Aphria (APHA) reported its quarterly results on the morning of October 15th. The market applauded those results, with shares gaining 25% on the day. This gain largely reversed last week's decline after Hexo slashed their guidance and blamed a weak Canadian market.
Aphria's results were solid but unspectacular. Cannabis revenue and volumes ticked up slightly, although partly due to a now-terminated relationship with Aleafia. Aphria remained profitable by their preferred metrics, but operating cash flow