Cannabis producer Aphria posts bigger-than-expected loss
Canadian pot producer Aphria APHA.TO, <APHA.O> on Wednesday posted a bigger-than-expected quarterly loss and took impairment charges on some foreign assets, as coronavirus-related lockdowns disrupted tourism and supply chains.
U.S.-listed shares of the company fell about 4% in premarket trading.
Lack of profitability has been a major concern for cannabis investors as companies have largely failed…
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