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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

Comment by mlcb2525on Oct 16, 2020 12:18am
221 Views
Post# 31726527

RE:RE:RE:Why they burnt 100m in a Q?

RE:RE:RE:Why they burnt 100m in a Q?Looks like a good chunk of it was in working capital. Accounts Receivable up, Accounts payable down and inventory went up. Building inventory is the oldest trick in the book when you want to lower your per unit cost. Build inventory absorbs your fixed cost. Problem is you burn cash and probably will have to write off a good chunk of it down the road. We are paying Simon too much for window dressing performance (ie lowe cost per gram) like this.
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