“The provincial lockdowns were more impactful, particularly in Canada, than we initially expected,” Aphria Chief Financial Officer Carl Merton said on a post-earnings call.
Aphria’s earnings are “setting the tone for what is going to be a difficult earnings season for the Canadian producers,” Stifel analyst Andrew Carter wrote in a note.Article content Aphria said provincial cannabis boards, which buy cannabis from private companies for sales at government-run retail stores, have also been lowering their inventory – a practice known as “destocking.”It said provincial governments had lowered their orders for cannabis and returned product worth around $5 million, signalling that market growth is expected to be weaker than previously forecast.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: