Why Aphria and Tilray Stocks Are Tanking Today

Why Aphria and Tilray Stocks Are Tanking Today

Shares of Aphria (NASDAQ: APHA) were tanking by 13.2% as of 10:16 a.m. EDT on Monday while shares of Tilray (NASDAQ: TLRY) were falling by 11.9%. The declines for both stocks came after Aphria reported disappointing fiscal 2021 third-quarter results before the market opened on Monday. Aphria posted an adjusted net loss of CA$47.9 million in Q3, much worse than its adjusted net loss of CA$9.8 million in the prior-year period.