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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

The global market for medical marijuana is growing steadily, and Israel has already become a leader in scientific research.  Marijuana Flower On April 20, an employee of the Tel Aviv office of the international Internet company, Yoni B., went straight from work in the morning, but to the Knesset building, so that he and a few mates could smoke a cigarette there. Recently, marijuana Yoni smokes regularly: the doctor prescribed - for insomnia. He usually does it, however, less demonstratively. But on the International Day of Marijuana , Yoni is involved in a protest. Gathered people believe that Israel should allow cannabis not only for medical purposes. Medical marijuana in the country has been legalized since the early 1990s — then the first experiments in separate hospitals began. Officially, they began to use it in 1996, which makes the local cannabis medical program one of the oldest in the world.  But the first step was taken back in the 1960s by the Israeli ch