'It's a new day at Aphria,' said interim CEO Irwin Simon in a press release.
Aphria, a Canadian cannabis producer, reported fourth-quarter earnings Thursday that beat analyst expectations. Consensus estimates called for negative net income, but the company ended up turning a profit. Shares surged as much as 38% on the news. The strong report comes after a year of losses for the company when short sellers questioned its acquisitions. Watch Aphria trade live on Markets Insider. Aphria just got a break from strong fiscal fourth-quarter earnings.
Aphria, a Canadian cannabis producer, reported fourth-quarter earnings Thursday that beat analyst expectations. Consensus estimates called for negative net income, but the company ended up turning a profit. Shares surged as much as 38% on the news. The strong report comes after a year of losses for the company when short sellers questioned its acquisitions. Watch Aphria trade live on Markets Insider. Aphria just got a break from strong fiscal fourth-quarter earnings.
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