RTTNews | Apr 12, 2021 10:28AM EDT

10:28 Monday, April 12, 2021 (RTTNews.com) - Shares of cannabis-lifestyle consumer packaged goods company Aphria Inc. (APHA) are falling more than 13% following wider-than-expected third-quarter loss.

Adjusted loss widened to $47.92 million or $0.15 per share from loss of $9.84 million or $0.04 per share in the same quarter a year ago.

The company reported net loss of $361 million or $1.14 per share compared with net income of $5.7 million or $0.02 per share last year.

Net revenue for the quarter increased 6.4% year-over-year to $153.6 million.

Third quarter revenues were impacted by lockdowns in the major Canadian provinces, particularly Ontario, which was in a lockdown for nearly the entire quarter.

APHA, currently at $14.01, has been trading in the range of $2.78 - $32.29 in the last one year.

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