Aphria conference call tidbitsLooks like aphria is pulling a supreme and decreasing grow and production to better align with demand.
They had a nice increase in rec sales - but it was all from the initial distribution of bingo brand. So as the market grew - their core did't grow - they just captured more of the value segment.
As it relates to supreme - I think it bodes well that they grew market share, as well as the market grew - with the core vape/Flower - and they havn't even touched the value segment of the market yet...
noted irwin said pre-roll market is on "fire" - and low and behold supreme has a bunch of new pre-rolls in alberta.
100mil ATM they havn't used - but noted as on reserve for M and A - "if they have to make a payout for an aquisition"
(this would include a supreme - where a change in control would force a payment on the debs)
sounds like they have a lot of irons in the fire as it relates to USA - but won't pounce until legalization path is clear - which seems sensible.
Market leader in canada - but getting trashed today. analysts seemed to have a pretty negative tone/negative probing questions. really tough for sector.