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17.10.2019 13:51:00

Aphria Completely Fooled Wall Street With Its Q1 Results

Just when you thought that the marijuana industry could do nothing right, Ontario-based Aphria (NYSE: APHA) comes to the rescue, so to speak. Much in the same way that Aphria provided a temporary spark for the pot industry in early August after the company reported better-than-expected fourth-quarter operating results, it delivered again on Tuesday, Oct. 15, with its first-quarter results.When the closing bell rang on Wall Street, Aphria ended Tuesday up by more than $1 a share, which, in its depressed state, translates into a nearly 25% gain. However, as you'll see, Aphria's operating results aren't all that they're cracked up to be.Image source: Getty Images.Continue reading
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