CBD Flowers

Aphria Inc. Is First Canadian Cannabis Manufacturer to Turn a Profit Aphria Inc. Is First Canadian Cannabis Manufacturer to Turn a Profit Aphria Inc. became the first major Canadian cannabis manufacturer to report a net profit Thursday, sending its shares up 32% in post-market trading. The Leamington, Ontario-based  pot producer  said it earned C$15.8 million ($12 million) in the quarter ended May 31 on revenue of C$129 million. The revenue figure beat the highest analyst estimate, and was up 75% from the prior quarter. The results are a remarkable shift from last quarter, when Aphria  reported  a significant drop in gross margin, revenue that missed expectations and a C$50 million writedown on its Latin American assets. Key Insights Revenue from recreational  cannabis  sales was C$18.5 million, up 158% from the prior quarter, on 5,574 kilograms of cannabis soldIt also cost Aphria less to  produce pot , with cash cost per gram of dried cannabis falling to C$1.35 fro

Cannabis News DrGanja Cannabis Stocks Rally Start Fast Growth After FDA Says It will Speed Up Create Rules For CBD  Cannabis stocks were mostly higher on Monday, after the U.S. Food and Drug Administration said it is expediting its effort to create a regulatory framework for CBD with plans to publish a report on its progress by early fall. Amy Abernathy, acting chief information officer, said in a series of tweets sent on Friday that the agency is “expediting its work to address the many questions about cannabidiol . This is an important national issue with public health impact, and an important topic for American hemp farmers and many other stakeholders.” The FDA is still working its way through the public comments posted after more than 100 speakers presented at a May 31 public hearing on the subject, she said, urging anyone who still plans to submit information to do so by Tuesday.