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Aphria Inc (OTCMKTS:APHQF) Closes Second Quarter With Robust Top-Line Games

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Aphria Inc

Vic Neufeld, the CEO of Aphria Inc (OTCMKTS:APHQF), expressed they ended the second quarter closed November 30, 2017 with robust top-line gains, Kilograms sold and revenue reached record highs and they moved closer to their increased production capacity expectations. With an expanding patient base and product mix from both existing and new clients, they continue to affirm their positon as a robust Canadian market leader as they remain focused on implementing their plan to enhance shareholder value and drive sustainable growth.

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The CEO of Aphria reported that looking ahead, they continue to assess strategic opportunities and associations to extend the company brand and their product offerings in the adult-use and medical marketplace. With their four-part facility growth on plan to be closed with initial sales by next year in January, they are in an enviable role to aptly supply international and Canadian markets with premium-quality cannabis to fulfill the increasing international demand. As a well-capitalized firm, they have the leadership, expertise and drive to extend their footprint and the company knowhow system across the world.

Aphria reported that they recorded ninth successive three-months period of positive adjusted EBITDA from its operations. Construction of Part IV and Part III fully capitalized expansion advancing as planned with first sale from Part 3 anticipated in May 2018 and from Part 4 in January 2019. Upon closure of both assignments, the firm projects 100,000 kilograms in annualized production capacity at 1 million square feet of cumulative greenhouse cultivation space. The company Increased its annualized production capability anticipations to 220,000 kgs via subsequent instance of GrowCo investment.

Aphria continues to be one of just a few publicly-traded approved producers to have achieved milestone of announcing cumulative net earnings in surplus of cumulative losses. It surged its annualized production capability projections to 210,000 kgs via ensuing event of GrowCo investment.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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