Hole punched in Walmart
Cop cleared after cyclist hit
Seniors in the housing crisis
Tracking bird flu in cows
Alberta braces for drought
Premiers want co-operation
Full Trump jury seated
Iran fires at attack drones 
World's largest election 
Body Shop explores sale
Apple pulls apps from China
Oil and gas leases restricted
Warriors ready for Round 2
Kalamalka Bowl cancelled
Rockets live to fight on
Hilton teams up with Sia
Swift still 'can't forgive' Kim
Grimes to ‘cap the disarray’
Cannabis company Aphria Inc. reported a loss of $108.2 million in its latest quarter as it took a one-time non-cash charge related to its operations in Latin America that were the focus of a short-sellers.
Aphria says the Ontario Securities Commission requested it perform an impairment test on its LATAM assets and the company determined it should take a $50 million non-cash impairment charge.
The company said its loss for the quarter amounted to 43 cents per compared with a profit of $12.9 million or eight cents per share in the same quarter a year earlier.
Net revenue for the quarter ended Feb. 28 totalled $73.6 million, up from $10.3 million a year earlier.
Aphria also announced that it has struck a deal that will see Green Growth Brands Inc. drop its hostile takeover offer.
Green Growth says its offer will now expire on April 25 instead of May 9. The company has also agreed to pay $89 million for 27.3 million of its shares held by GA Opportunities Corp.
