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Company News

Cannabis producer Aphria's profit jumps 41 pct

Oct 12 (Reuters) - Cannabis producer Aphria Inc posted a 41 percent rise in quarterly profit on Friday, boosted by gains from its investments in Liberty Health Sciences and Hiku Brands Co.

The company’s net income rose to C$21.2 million, or 9 Canadian cents per share, for the three months ended Aug. 31, from C$15.0 million, or 11 Canadian cents per share, a year earlier.

Marlboro maker Altria Group Inc is in talks for a stake in Aphria, the Globe and Mail reported earlier this week, citing multiple sources. (Reporting by John Benny in Bengaluru)

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