Jefferies Pounds the Table on Aphria (APHA) Stock

  • According to its fiscal Q3 earnings report, which was released Tuesday, the company generated net revenue of CA$144.4 million, flying past the CA$131 million consensus estimate.
  • If that wasn’t enough, the average adult-use selling price got a boost on a quarter-over-quarter basis, growing from CA$5.22 per gram to CA$5.47 per gram.
  • Expounding on this, the analyst stated, The highlight for us has to be the demand that is evident for Aphria’s products.

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