(This story is part of MJBizDaily’s premium subscription service, Investor Intelligence.)
Recent skepticism of the cannabis sector may be overblown, especially for companies that are fully funded – as highlighted by Aphria’s latest quarterly results.
While the market seems to have expected a guidance cut at Aphria, the company instead reported inline revenue for its fiscal first quarter – with surprise slight profitability – and reiterated its fiscal 2020 and long-term guidance.
A turn in sentiment would also mean that equity funding may be more readily available for the sector.
