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Bullboard - Stock Discussion Forum Aphria Inc. APHA

Aphria, which is headquartered in Ontario, produces and sells medicinal and recreational cannabis. The company operates through retail and wholesale channels in Canada and internationally. Aphria is a main distributor of medical cannabis to Germany and has operations in over 10 countries outside of Canada. However, it does not have exposure to the U.S. CBD or THC markets due to the constraints... see more

NDAQ:APHA - Post Discussion

Aphria Inc. > GrowGeneration's blockbuster Q3 results
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Post by Daredevil1964 on Nov 11, 2020 5:27pm

GrowGeneration's blockbuster Q3 results

GrowGeneration (NASDAQ:GRWG) moves up 12.13% in post-market action, after the company released record revenue of $55.01M (+152.6%Y/Y) in Q3beating consensus by $7.63M.

Same-store sales of $33.4M (+73% Y/Y); Commercial sales $13M (+188% Y/Y) and Online sales up 112%.

Adj. EBITDA of $6.6M (+230% Y/Y).

"Our steadfast focus on rapid, strategic growth in key markets, both organically and through acquisitions, has resulted in our eleventh consecutive quarter of record revenues and EBITDA," says co-founder and CEO Darren Lampert.

Gross margin at 26.5% vs. 29.9% a year ago; the decrease is reportedly attributable to a larger percentage of the company's revenue from its expanding commercial and e-commerce business segments.

GAAP net income of $3.3M or $0.07 per share, misses by $0.01 per share.

The company ended the quarter with $55.3M in cash as of Sept. 30, 2020.

Recently, GrowGeneration announced a deal for 3rd largest chain of hydroponic garden centers.

"The results of the recent elections, combined with our proven ability to scale while reducing operational costs, will allow us to grow our revenue and expand our bottom line into the following quarters. We have raised our guidance accordingly," adds Lampert.

Raised FY20 Guidance: Revenue guidance increased to range $185-$190M from previous $170-$175M, vs. the consensus of $174.47M; Adj. EBITDA to range $19M-$20M; GAAP net income $9M-$11M.

FY 2021 Guidance: Revenue updated to $280-$300M, compared to consensus of $258.9M; Adj. EBITDA guidance increased to $34-$36M from previous $26-$28M.

"GrowGeneration: A Growth Play For Cannabis Fans" writes Daniel Jones on Seeking Alpha.

Previously: GrowGeneration gains 10% after lifting guidance (Nov. 11)

Comment by Vinny57 on Nov 11, 2020 8:29pm
DD. another one? This is the APHRIA board numbskull. You are as thick as Trump. Go away. You are not wanted here. What is so hard to understand?
Comment by nderror on Nov 11, 2020 10:47pm
thanks for the heads-up on grow generation awhile back. Those of us who acted on your advice are quite green. Thanks again for your wisdom.
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