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Cannabis company Aphria reports Q3 loss, says COVID-19 lockdowns have caused pressure

Moose Jaw Today · Canadian Press · last updated
Lockdowns enacted by Canadian provinces to quell the spread of COVID-19 hampered Aphria Inc.s third quarter. Lockdowns enacted by Canadian provinces to quell the spread of COVID-19 hampered Aphria Inc.s third quarter. The Leamington, Ont.-based cannabis company said Monday that the strict measures applied because of spiking virus cases contributed to a loss in its latest quarter compared with a profit a year ago. The lockdowns were coupled with a reduction in demand for cannabis products as provincial boards lowered their inventory levels. And though lockdowns have continued and intensified, he even had hope for one of Aphrias most pressing problems: COVID-19.
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