- The news from Aphria’s FQ3 results wasn’t quarterly revenue growth, but rather the massive margin impact from buying wholesale weed.
- The company saw cannabis revenue surge to C$55.6 million, up 65% from only C$33.7 million in the prior quarter.
- The real story was how much cannabis margins were hit by Aphria having to make a C$20.2 million wholesale purchase in the prior quarter.
- The big news was the level of margin impact versus homegrown supplies expected to cost below C$1.
Read full article: smarteranalyst.com