We’re equally optimistic about our recently announced alliances and acquisitions of highly strategic licenses and operations in Latin America and the Caribbean’s most attractive emerging cannabis markets, including Colombia, Argentina, Paraguay and Jamaica. Added significantly to our senior leadership team with the hire of our Chief Commercial Officer and Chief Legal Officer. The Board appointed two new independent directors, effective today. Home Signed MOU’s with British Columbia, Alberta, Manitoba, Quebec, New Brunswick and the Yukon Territory, with more agreements to be announced in the short-term. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. The increased adjusted EBITDA loss in the second quarter is primarily attributable to temporary increases in production costs, decreases in yields as previously noted, as well as increases in general and administrative expenses undertaken to support the Company’s planned capacity expansions.
john.sadler@aphria.com
The Company’s portfolio of brands is grounded in expertly-researched consumer insights designed to meet the needs of every consumer segment. “Succession is the plan. Mr. Hopkinson began his career in professional sports in Toronto, Canada where he ascended from an entry-level day one employee with the NBA's Toronto Raptors to Chief Commercial Officer of MLSE, who are owners of the Raptors as well as the NHL's Toronto Maple Leafs, MLS's Toronto FC, the CFL's Toronto Argonauts and the NBA2K league's Raptors Uprising Esports team.
Cannabis oil sales, as a percentage of volume, decreased to 19% of overall sales from 39% in the prior quarter, reflecting the higher percent of dry bud sold in the adult-use market. Focusing on untapped opportunities and backed by the latest technologies, patents and IP, Aphria is committed to bringing breakthrough innovation to the global cannabis market.
Net revenue for the three months ended February 28, 2019 was $73.6 million, compared to $21.7 million in the prior quarter and $10.3 million in the same period last year. ", Kilograms (or kilogram equivalents) sold 1, Cash cost to produce dried cannabis / gram 1, Adjusted EBITDA from Canadian Cannabis Operations 1, Cash and cash equivalents & marketable securities, Capital and intangible asset expenditures - wholly-owned subsidiaries 1.
Headquartered in Leamington, Ontario – the greenhouse capital of Canada – Aphria has been setting the standard for the low-cost production of safe, clean and pure pharmaceutical-grade cannabis at scale, grown in the most natural conditions possible.
Aphria executives will host a conference call to discuss these results today at 9:00 am ET. Mr. Simon continued, "We continue to take decisive actions to increase efficiency, including investing additional capital in automation and packaging and adapting production to a new growing method. Thanks to their vision, energy and passion, Aphria has become a global player in an industry that didn’t even exist five years ago.
Adjusted gross profit for the third quarter was $13.4 million, with an adjusted gross margin of 18%, compared to $10.2 million with an adjusted gross margin of 47% in the prior quarter.
Much of that revenue increase came from distributors like CC Pharma, a German medical marijuana distributor that Aphria acquired in January. Revenue for the three months ended May 31, 2018 was $12,026, representing a 17% increase over the prior quarter’s revenue of $10,267. In a separate release issued today, the Company also announced that it has entered into a series of transactions that will accelerate the expiry date of the unsolicited offer launched by Green Growth Brands Inc. and will provide up to an additional $89.0 million of liquidity to the Company without dilution to shareholders. The increase in adjusted EBITDA from ACMPR operations1 relates to capacity increases at Aphria One, the acquisition of Broken Coast offset by larger selling, general and administrative expenses. Forward looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Aphria Records 63% Net Revenue Growth in Fiscal 2019 Second Quarter; Announces Executive Team Transition January 11, 2019 Net revenue of $21.7 million up 63% from prior quarter on initial sales to Canadian adult-use market; adjusted gross profit of $10.2 million
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