Why Marijuana Stock Aphria Climbed as High as 15% Today

Eric Volkman, The Motley Fool
·2 min read
Why Marijuana Stock Aphria Climbed as High as 15% Today

Aphria (NASDAQ: APHA) flew as high as 15.7% on Friday before the buzz started to wear off. On Thursday, Aphria unveiled its Q2 of fiscal 2021 earnings, revealing good top-line growth that beat analyst estimates. The company also managed to deliver a surprise: It eked out a small net profit on a non-IFRS (adjusted) basis, a rare feat in the ever-struggling marijuana industry.