Re: APHRIA results
Adjusted EBITDA is not recognized under current accounting rules because you can create your own standard. Interest, depreciation and Taxes are recognized in EBITDA as deductions meeting standards to comply. Adjusted EBITDA has no value as a measurement until you have longer accounting periods (Quarters, Years) Then, consistent multiple periods make it measurable. ACB threw every negative of consequence into their Adjusted standard. Nothing to compare. They were trying to salvage their claims this spring of reaching positive EBITDA. by June.Hard sell.
Aphrias net income on fewer sales makes them stand out temporarily but revenues and profits menasured against market value just proves how inflated all cannabis companies stock was. Itís all coming down, deflation in progress. ACB has never had an operating profit an quarterly revenues of 30 million against a 7 BILLION market cap just means their time to perform is running short in concert with their cash.