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Tuesday, November 24, 2020

Why Aphria Inc (OTCMKTS:APHQF) Continues to Surge Higher

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The rip in the cannabis patch over the past month has been comprehensive among the leadership plays, including Aphria Inc (OTCMKTS:APHQF). However, it would be folly to suggest that the company hasn’t had some interesting catalysts of its own over the period. For example, the company recently announced that it has entered into a supply agreement with the Ontario Cannabis Store to provide high-quality, branded cannabis products for sale online in Ontario’s adult-use market.

“We are thrilled that the OCS has selected such an extensive range of adult-use products from our carefully curated and thoughtfully developed portfolio of brands,” said Jakob Ripshtein, Chief Commercial Officer at Aphria. “Adult-use consumers will have the opportunity to discover our brands through OCS’s online platform starting on October 17 including Solei, sustainably grown in Ontario, our premium B.C.-bud from Broken Coast, and several other Ontario-grown brands soon to be revealed. Each of our brands have been carefully developed to meet the needs and interests of distinct consumer segments.

Aphria Inc (OTCMKTS:APHQF) bills itself as a company that produces, supplies, and sells medical cannabis in Canada. Its cannabis products include dried flowers and cannabis oils. APHQF sells its products through its online store and telephone orders, as well as MMPR licensed producers.

The company offers sativa, indica, and hybrid medical marijuana products, as well as cannabis oils. It also provides support services in the form of medical consultations, group therapies, and rehabilitation to veteran and first responders.

The company sells its products through its online store or phones, as well as engages in the wholesale shipping of medical marijuana plant cuttings and dried buds to other licensed producers. Aphria Inc. is headquartered in Leamington, Canada.

According to press materials, “APHQF is one of Canada’s lowest cost producers, produces, supplies and sells medical cannabis. Located in Leamington, Ontario, the greenhouse capital of Canada. APHQF is truly powered by sunlight, allowing for the most natural growing conditions available. We are committed to providing pharma-grade medical cannabis, superior patient care while balancing patient economics and returns to shareholders. We are the first public licensed producer to report positive cash flow from operations and the first to report positive earnings in consecutive quarters.”

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As noted above, the company just announced that it has entered into a supply agreement with the Ontario Cannabis Store to provide high-quality, branded cannabis products for sale online in Ontario’s adult-use market. That announcement has contributed to some powerful upside action for the stock.

In all, we’ve witnessed 64% during the past month in terms of shareholder gains in the stock, but this action is running counter to the larger trend in the name. Furthermore, the listing has seen a growing influx of trading interest, with the stock’s recent average trading volume running just shy of 330% above its longer-run average levels.

Vic Neufeld, CEO of Aphria, noted, “The agreement with OCS is an important piece of the puzzle as we get closer to legalization in Canada. Aphria is not only ready for October 17, but we’re also getting ready for the long-term evolution of the industry. We’re actively planning for new product categories and product innovations, with a focus on understanding consumer behavior and preferences, to ensure we’re leading where the market is going.”

At this time, carrying a capital value in the market of $2.98B, APHQF has a significant war chest ($59.7M) of cash on the books, which must be weighed relative to about $43.9M in total current liabilities. APHQF is pulling in trailing 12-month revenues of $36.9M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 110.3%. This is an exciting story, and we look forward to a follow-up chapter as events transpire. Sign-up for continuing coverage on shares of $APHQF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $APHQF, either long or short, and we have not been compensated for this article.

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