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GOOD NEWS FOR VALENS, APHRIA

Extractor Valens reported the fourth straight quarter of profit, continuing to reap the reward of being one of the largest extractors in the country. Edibles, beverages and topicals mostly use extracted cannabinoids.
Newswire, MJ Biz Daily

  • Valens reported $31.9M in Q1 revenue, up from last quarter’s $30.6M and last year‘s Q1 revenue of $2.2M.
    Cannabis Retailer
  • The amount of biomass extracted declined to roughly 20,000 kg from 24,426 last quarter, and 26,625 the quarter before that.
  • The company warned COVID-19 would likely decrease workforces, cultivation output, and demand for extraction.

Aphria reported Q3 revenue of $144.4M (with $5.7M in profit), in contrast with last year’s Q3 revenue of $73.6M.
PR Newswire, BNN Bloomberg