RE:Disappointing Q1, 2022 EarningsIrwin's PR team can spin another big losing quarter into something positive.
CentreIce24 wrote: Looking at this earnings report on QoQ basis
All the revenue increases came from the additional 2 months of legacy Tilray
Meaning we reported a full Q this time and not just 1 month
Which is the reason for the increase in Wellness revenues and for the most part Cannabis revenues
The old Aphria contributed nothing to this Q as Distribution was flat again and this is after being down +10% last Q
When you factor in an additional 2 months of cannabis revenue from legacy Tilray (approx $22-$23M) then Aphria's cannabis contribution was flat or slightly down
Beverage revenue was also down slightly
Please correct me if this is wrong
There are some headwinds still to be worked out in the next Q or two
GLTA
Cheers
CentreIce
Hopefully this cut and paste displays properly and you can judge for yourself