Historical and current end-of-day data provided by FACTSET. COVID-19 Rapid Response: Up to $435M U.S. Gov’t Contract Awarded to Canadian Defense / Security Co. Aurora Cannabis to report Q4 soon; analysts say steep losses expected, Adjusted EBITDA from cannabis operations of, Ended third quarter with a strong balance sheet and liquidity, including. The increase from the prior quarter is mainly related to a $1.8 million increase in transaction costs and an increase in headcounts at all levels of the organization as the Company transitions to an annual cultivation capacity of up to 255,000 kgs. Readers can also interact with The Globe on Facebook and Twitter .
A telephone replay will be available approximately two hours after the call concludes through April 29, 2020. The Leamington, Canada-based cannabis company reported a year-over-year revenue spike of … Net revenue of $144.4 million in the third quarter, an increase of 96% from prior year quarter and increase of 20% from prior quarter.
Aphria now positioned within two of the largest cannabis markets outside of Canada Agreement with Israeli leader Canndoc provides access to Israel’s largest drugstore chain Finished product will be co-branded under Aphria and Canndoc brands . Factors that may cause such differences include, but are not limited to, risks associated with COVID-19 nationally and globally which could have a material adverse impact on Aphria's business, operations and financial results, including disruptions in cultivation and processing, supply chains and sales channels, as well as a deterioration of general economic conditions including national and/or global recessions and the response of governments to the COVID-19 pandemic in respect of the operation of retail stores; general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving cannabis or otherwise affecting Aphria's business or its consumers generally; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the cannabis industry in Canada generally; income tax and regulatory matters, including delays in the issuance of licenses; the sale and distribution of vapes; the ability of Aphria to meet its liquidity requirements to fund ongoing operations; the ability of Aphria to implement its business strategies; competition; crop failure; safety of derivative cannabis products; currency and interest rate fluctuations.
Adjusted EBITDA from cannabis operations of $6.0 million in the third quarter, an increase of 78% from the prior quarter. By continuing to use our service, you agree to our use of cookies. Operating income of $8.7 million in the third quarter, compared to a loss of $9.6 million in the prior quarter. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Ended third quarter with a strong balance sheet and liquidity, including $515.1 million of cash and cash equivalents, to fund planned Canadian and International growth. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain information in this news release constitutes forward-looking information or forward-looking statements (together, "forward-looking statements") under applicable securities laws and are expressly qualified by this cautionary statement. Aphria Inc. annual stock financials by MarketWatch. For all of the factors surrounding the growing uncertainty and the near-term financial impact of the pandemic, the Company is suspending its previously announced guidance for revenue, of $575 million to $625 million, and adjusted EBITDA, of $35 million to $42 million, for fiscal 2020. Announces Net Cannabis Revenue Increases 65% From Prior Quarter and Fourth Consecutive Quarter of Positive Adjusted EBITDA April 14, 2020 Reports Operating Income of $8.7 million Meanwhile, he noted Alberta control boards replenishments are down 40 per cent since COVID-19 and B.C.
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