Lack of profitability has been a major concern
Canadian pot producer Aphria Inc. on Wednesday posted a bigger-than-expected quarterly loss and took impairment charges on some foreign assets, as coronavirus-related lockdowns disrupted tourism and supply chains.
U.S.-listed shares of the company fell about 4 percent in premarket trading.
Lack of profitability has been a major concern for cannabis investors as companies have largely failed to deliver on initial promises of boundless growth in the nearly two years since Canada legalized recreational marijuana.
To Read The Rest Of This Article On Leader Post, Click Here