Aphria’s latest results highlight positive outlook for marijuana industry

(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.

Our analysts break down Aphria’s latest results on Investor Intelligence.

Leave a Reply

Your email address will not be published. Required fields are marked *