Aphria Inc (NYSE:APHA) Q4 2020 Earnings Conference Call - Final Transcript

Jul 29, 2020 • 09:00 am ET


Aphria Inc (NYSE:APHA) Q4 2020 Earnings Conference Call - Final Transcript


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Good morning, my name is Kirsten and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Aphria Inc Q4 Quarterly Investor's Call. [Operator Instructions]

Thank you. Ms. Katie Turner, you may begin your conference.

Katie M. Turner

Great, thank you, Brett. Good morning, everyone. We appreciate you joining us to discuss Aphria Inc's Financial Results for the Fourth Quarter and Fiscal Year ended May 31, 2020. On today's call are Irwin Simon and Carl Merton. By now, everyone should have access to the earnings release, the financial statements, MD&A and investor presentation, which are available on the Investors section of Aphria's website at www.aphriainc.com. The financial statements have also been filed with SEDAR and EDGAR.

Before we begin, please remember that during the course of this call, management may make forward-looking statements. These statements are based on management's current expectations and beliefs and involve known and unknown risks and uncertainties, which may prove to be incorrect and actual results could differ materially from those described in these forward-looking statements. Please note that the that the text of Aphria's earnings release and the filings issued yesterday included a discussion of the risks and uncertainties associated with such forward-looking statement.

All financial references are in Canadian dollars unless management mentions otherwise. Also some of the financial metrics discussed on the call are non-IFRS measures and we'd like to refer listeners to the company's MD&A for an explanation as to how the company calculates those metrics.

And now, I'd like to turn the call over to Irwin.

Irwin D. Simon

Thank you, Katie, and good morning everyone. I hope everybody had the opportunity to review our press release this morning. We appreciate you joining us today to discuss our strong fourth quarter financial results and a great end of the year to fiscal 2020. I'm proud of the execution of our global team, and particularly in a very dynamic operating environment. Today, I'll focus on this pivotal time we find ourselves in. Before diving into the strength of our revenue growth, brand performance, profit increases, enhanced balance sheet, and robust cash position. During the quarter, we continue to ensure the health and well-being of our more than 1,000 employees around the world. As we work together to protect and prevent against COVID-19 in the workplace and in our local communities and in our homes. On a daily basis I'm reminded of how agile and resilient our team is at Aphria. As reserve as we, as our value patients and consumers providing them with our medical adult use cannabis products.

I'm in Leamington this week, and I have to say, how proud I am to see how well our facilities in greenhouses are operating. Thank you to our great team at Aphria for all their hard work and dedication. At the same time, I'm challenging our organization to evaluate opportunities where we can be better, more supportive, and more united. Not only can we -- as we combat this global pandamic, but also the