Aphria Inc. (TSX:APH)(OTCQB:APHQF) is pleased to announce that it has received its license from Health Canada to cultivate and sell marijuana under the Marihuana for Medical Purposes Regulations (“MMPR”).
“Following a rigorous process, we are very excited that Health Canada has designated Aphria as a licensed producer of medical marijuana,” said Vic Neufeld, Chief Executive Officer of Aphria. “With license in hand, we can now begin the next exciting chapter of the Aphria story and become the premier pharmaceutical company for medical marijuana in Canada.”
Invest In MJ Charts:
Aphria Inc. Opens the Market - TORONTO, April 7, 2017
Aphria enters into IP transfer agreement in Arizona - Marketwired - Oct. 27, 2016
Aphria secures 5% membership interest in Copperstate Farms, LLC
LEAMINGTON, ONTARIO--(Marketwired - Oct. 27, 2016) - Aphria Inc. ("Aphria" or the "Company") (TSX VENTURE:APH)(OTCQB:APHQF) announced today that it has entered into an Intellectual Property transfer agreement with Copperstate Farms, LLC ("Copperstate"). Arizona's medical cannabis program was approved by voters in 2010. At the same time as securing a licence to produce and sell medical cannabis, Copperstate purchased a 40-acre (equivalent to 1.7 million square feet) high-tech, Dutch style greenhouse facility in Snowflake, AZ. Copperstate has one of the largest medical cannabis greenhouse facilities in Arizona. As part of the transaction, Aphria will share its accumulated knowledge, gained during its 5-year MMAR/MMPR/ACMPR journey, related to growing cannabis in greenhouses in exchange for a 5% 'cashless' membership interest in Copperstate, entitling Aphria to 5% of the free cash flow generated by Copperstate. Read Full Press Release
Aphria Reports Results for Fiscal Q2 2016
Quarterly Revenue Over $2 Million With Adjusted Gross Margin of 68.6%
LEAMINGTON, ONTARIO--(Marketwired - Jan. 18, 2016) - Aphria Inc. ("Aphria" or the "Company") (TSX VENTURE:APH) today reported its financial results for the three and six months ended November 30, 2015. All amounts are expressed in Canadian dollars, unless otherwise stated.
Three months ended November 30, |
Six months ended November 30, |
|||||||
2015 | 2014 | 2015 | 2014 | |||||
$ 2,096,975 | $ -- | Revenue | $ 2,977,715 | $ -- | ||||
1,309,254 | 139,349 | Gross profit | 1,987,809 | (48,211) | ||||
1,391,504 | -- | Adjusted gross profit | 1,945,019 | -- | ||||
68.6% | -- | Adjusted gross margin | 65.3% | -- | ||||
(431,098) | (1,358,849) | Net loss | (907,923) | (2,958,953) | ||||
(310,304) | (1,327,951) | EBITDA | (696,147) | (2,837,715) | ||||
4,108 | (1,115,510) | Adjusted EBITDA | (368,592) | (2,115,775) |
Revenue for the three months ended November 30, 2015 was $2,096,975, representing a 113% increase over the previous quarter's revenue of $950,740. Revenues for the six months ended November 30, 2015 was $2,977,715.
Adjusted gross profit for the second quarter was $1,391,504, with an adjusted gross margin of 68.6%, generated from both retail and wholesale shipments of medical marijuana. Adjusted gross profit for the year-to-date was $1,945,019, with an adjusted gross margin of 65.3%.
The net loss for the three months ended November 30, 2015 was $431,098 or $0.01 per share versus $476,825 or $0.01 in the previous quarter and $1,358,849 or $0.04 per share in the same period of the prior year. The net loss for the six months ended November 30, 2015 was $907,923 or $0.02 per share versus $2,958,953 or $0.08 in the same period of the prior year.
The adjusted EBITDA for the second quarter was $4,108, compared to an adjusted EBITDA loss of $1,115,510 in the second quarter of the prior year. The adjusted EBITDA loss for the year-to-date was $368,592, compared to an adjusted EBITDA loss of $2,115,775 in the same period of the prior year.
"Aphria's success story continues daily as we approach profitability," said Vic Neufeld, CEO. "Consistent patient growth, tied to managing growing costs and operational expenses remain our primary focus."
The adjusted gross profit, adjusted gross margin, EBITDA and adjusted EBITDA are non-GAAP measures, which are explained in Management's Discussion & Analysis, a copy of which has been filed today under the Company's profile on www.sedar.com.
About Aphria
Aphria, a company continued under the laws of the Province of Ontario and based in Leamington, Ontario, is in the business of producing, supplying and selling medical marijuana pursuant to the Marihuana for Medical Purposes Regulations (the "MMPR"). Under the MMPR, Health Canada is responsible for the oversight of commercial medical marijuana growers such as Aphria. Aphria's common shares are listed on the TSX Venture Exchange under the ticker symbol "APH".
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "intend" and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements with respect to patient growth, estimated margins and expectations for future growing capacity. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving medical marijuana; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the medical marijuana industry in Canada generally, income tax and regulatory matters; the ability of Aphria to implement its business strategies; competition; crop failure; currency and interest rate fluctuations and other risks.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange (the "Exchange") nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
18 January 2016, 1:00pm
TORONTO, ONTARIO--(Marketwired - Nov. 18, 2015) -
Aphria Signs $100,000 Sponsorship Agreement with Arthritis Society
Funding will investigate medical cannabis impact on arthritis pain and disease management
LEAMINGTON, ON, July 7, 2015 /CNW/ - Aphria Inc. ("Aphria" or the "Company") (TSX-V:APH) has signed a sponsorship agreement with The Arthritis Society to provide $100,000 for medical marijuana research and education programs. The agreement is effective immediately and extends to March 31, 2016. Read More....