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Pot producer Aphria's quarterly revenue rises on COVID-19 lockdown demand

Aphria Inc on Thursday said first-quarter net revenue rose 15.5% as demand for the Canadian pot firm's products surged during coronavirus-induced lockdowns.

Oct 15 (Reuters) - Aphria Inc APHA.TO on Thursday said first-quarter net revenue rose 15.5% as demand for the Canadian pot firm's products surged during coronavirus-induced lockdowns.

Aphria, however, posted a net loss of C$5.1 million ($3.86 million), or 2 Canadian cents per share, in the three months ended Aug. 31, compared with a net income of C$16.4 million or 7 Canadian cents per share, a year earlier.

($1 = 1.3205 Canadian dollars)

(Reporting by Shradha Singh in Bengaluru; Editing by Ramakrishnan M.)

((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780 Ext: 2804, outside U.S. +91 80 6182 2630;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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