RE:RE:RE:RE:I just Well, it could be worse.
Ir wink*wink could have said we are putting all our eggs in one basket, like Canopy and moving to the USA to wait for legalization. See ya!
I'm sure they are just stating a fact, the market is bad in Canada with over 900 LP's. If you are going to stay afloat and ahead of the game, this is what producers may be reduced to, to stay alive. I sure the boardroom had a good chuckle over that one.
I certainly don't like the idea of mothball grow Ops. What do you think the overhead is in that? Lease them out, sell them, what ever you need to do. But, don't F with the shareholders.
Whats wrong with a few carrots? Lol
And yes, I do know the history and it's sickening the money that goes out to a CEO. No matter what business you're talking about.
Aphria Q2 2019. Vic stepped down and Ir wink took over
Aphria reported $21.7 million in revenue in its fiscal second quarter that ended Nov. 30, up 63 per cent from the same period a year ago, but short of the $28.8 million that analysts had expected. It posted a net adjusted loss of $9.5 million compared to a gain of $1.5 million in the same quarter a year ago.
The company’s gross margin decline to 47 per cent of net revenue from 64 per cent was attributed to lower selling prices in the Canadian recreational cannabis market, lower grow yields and higher production costs.
Aphria sold about 1,900 kilograms of legal recreational cannabis in the quarter and 1,466 kilograms of medical marijuana, the company said. The average selling price fell to $6.54 per gram, from $7.12 per gram in the prior quarter.
Cheers,
V