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10 Key Takeaways From Aphria’s Q3 2021 Earnings Print

Apr 12, 2021 • 7:39 AM EDT
1 MIN READ  •  By Michael Berger
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Today, Aphria Inc. (TSX: APHA) (NASDAQ: APHA) released third quarter financial and operating results for the period that ended on February 28, 2021. 

This is expected to be Aphria’s final earnings report as a standalone company and find this to be significant. In the near future, the pending mega-merger with Tilray (TLRY) is expected to be completed which is expected to be a major growth catalyst. 

Today, we want to highlight 10 key announcements from Aphria’s earnings report and believe our readers need to be aware of these facts:

  1. Recorded net revenue came of $154.6 million (CAD)
  2. Saw a decline in the net cannabis revenue from the same quarter last year
  3. Despite a decline in total cannabis revenue sales, recreational cannabis sales increased by more than 33% when compared to the same period last year
  4. Maintained its #1 rank in Ontario and Alberta in terms of sales to the provincial boards, (based on Headset data for the period December 2020 to February 2021)
  5. Free cash flow improved during the third quarter and this can be attributed to increased cash provided by operating activities
  6. Management attributed the weakness in sales to COVID lockdown measures
  7. The company was able to manage expenses and report positive adjusted EBITDA 
  8. Ended the third quarter with $267.1 million of cash that will be used to fund planned Canadian and international growth
  9. Launched SweetWater Brewing Company beverages in Colorado
  10. The company completed a USD $120 million financing with BMO

We will be closely following Aphria ahead of its third quarter financial report, please send an email to support@technical420.com with the subject “Aphria’s Quarterly Earnings” to be added to our distribution list.

For the fastest access to data on the Aphria and Tilray merger, you can set up a free account or sign up for our free newsletter!

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Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.

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