{"id":474628,"date":"2021-04-12T07:03:35","date_gmt":"2021-04-12T11:03:35","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/aphria-inc-announces-third-quarter-fiscal-year-2021-results\/"},"modified":"2021-04-12T07:03:35","modified_gmt":"2021-04-12T11:03:35","slug":"aphria-inc-announces-third-quarter-fiscal-year-2021-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/aphria-inc-announces-third-quarter-fiscal-year-2021-results\/","title":{"rendered":"Aphria Inc. Announces Third Quarter Fiscal Year 2021 Results"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Reports Eighth Consecutive Quarter of Positive Adjusted EBITDA and Positive Adjusted EBITDA from Cannabis Business<\/i>\n <\/p>\n

\n LEAMINGTON, ON<\/span>, April 12, 2021<\/span> \/PRNewswire\/ –\u00a0Aphria Inc. (“Aphria<\/b>,” “we<\/b>,” or the “Company<\/b>“) (TSX: APHA) (NASDAQ: APHA), a leading global cannabis-lifestyle consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, today reported its financial results for the third quarter and nine months ended February 28, 2021<\/span>. All amounts are expressed in Canadian dollars, unless otherwise noted and except for per gram, kilogram, kilogram equivalents, and per share amounts. <\/p>\n

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\n Irwin D. Simon<\/span>, Chairman and Chief Executive Officer, commented, “Our global team executed well in the very fluid, ongoing COVID-19 operating environment. We proactively managed our expenses and maintained our positive adjusted EBITDA for the third quarter of fiscal 2021. The duration and impact of lockdowns across many of the regions we operate in, particularly in Canada<\/span>, were greater than we initially anticipated for the cannabis industry and our business; however, we believe Aphria remains well-positioned with our leading brands and market share to experience a robust increase in our top-line as the market improves. In the U.S., we had a solid first full quarter of contribution from SweetWater even with lower on-premise sales compared to the prior year quarter as many foodservice industry establishments were still operating with limited capacity. Going forward, we are excited about the strategic opportunities for incremental growth as we look to parlay our branded consumer products into additional complementary product offerings in Canada<\/span>, the U.S. and internationally.”<\/p>\n

Mr. Simon continued, “We remain excited with the opportunities created for both Aphria shareholders and Tilray stockholders in completing our proposed business combination with Tilray, and believe that together, we will create one of the strongest global cannabis and consumer packaged goods companies in the world.\u00a0 We expect to have a tremendous runway for long-term sustainable growth as we build upon our existing foundation in Canada<\/span> and internationally by increasing the scale of our global operations. We expect Aphria and Tilray’s complementary cultures of innovation, brand development and cultivation to further set us apart from others in the industry along with the strength of our balance sheet and cash availability as we enhance value for all stakeholders.”\u00a0 <\/p>\n

\n Key Operating Highlights \u2013 Third Quarter Fiscal 2021<\/b>\n <\/p>\n