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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 of federal prohibition. It has some U.S. exposure through the acquisition of SweetWater, a craft brewer


NDAQ:APHA - Post by User

Post by CaneIsAbelon Sep 13, 2020 5:33pm
199 Views
Post# 31550446

I stand corrected on the write down

I stand corrected on the write down

The loss was 100 million the write down was just over 60 million last quarter.  I assume the the balance to 100 was the pay off to emblem and other looses resulting from a crappy CEO who jumps the gun on deals he can't fulfill. Once he gets the production he can't move the whole sale and we are now over supplied and sitting on inventory. That's why Double D sold everything. They know we need a new CEO. 

A few quarters back we wrote down 60 or so as well under Irwin. 

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