That's compared with net revenues of $10.3 million and net profits of $12.9 million during the same period a year earlier. Meanwhile, Aphria also announced on Monday a deal that will see Green Growth Brands Inc. drop its hostile takeover offer. GGB's unsolicited takeover offer came earlier this year after Aphria was targeted by short-sellers, which sent the cannabis producer's shares down. Aphria rejected the all-stock bid — at 1.5714 shares of GGB for each share — saying it undervalued the company. The company has also agreed to pay $89 million for 27.3 million of its shares held by GA Opportunities Corp.

Source: CBC News April 15, 2019 12:45 UTC