Aphria's Latest Results Make the Pot Stock Worth Considering

I recently wrote about the earnings potential of Aphria (NYSE: APHA) for its fiscal second quarter, as well as the stock's prospects. Last week, the company announced its fiscal first-quarter 2020 results. The earnings mark the second consecutive quarter of profitability, along with continued growth of its revenue streams on an annual basis.

To me, Aphria is the stock to own in this industry. The shares were battered in the past by turmoil over executive activity (executives who have left their respective roles) and now offer a good deal based on the company's actual assets.

Last year, shareholders were hit with a speed bump as the company slipped to net losses of 108.2 million Canadian dollars in the fiscal third quarter due to spending money on acquisitions and expansion. Now it would seem that Aphria is back to its old self, delivering profits that many marijuana stocks can only dream about.

Source Fool.com