Where Next for Aphria Inc (NYSE:APHA) Shares?

Where Next for Aphria Inc (NYSE:APHA) Shares?


Shares of Aphria Inc (NYSE:APHA) are interesting right now. One of the company’s major strategic investments, High Tide Inc. (HITIF), an Alberta -based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, just announced that the Canna Cabana location in Unit #6128 at 403 Mackenzie Way SW in Airdrie has received its first delivery of recreational cannabis products from “Alberta Gaming, Liquor, and Cannabis”, and today will begin selling cannabis and accessories.

According to the release, “High Tide currently has 30 branded locations selling recreation cannabis products across Canada , inclusive of the Airdrie Store. “As promised, High Tide has steadily executed on its growth plans to become the largest retailer of recreational cannabis in Alberta . By hitting the 30-store milestone, we continue to be a leading retailer in the country as well,” said Raj Grover, President and Chief Executive Officer of High Tide. ” Airdrie is rapidly growing as a neighbouring community to the north of Calgary and we are excited to open this Canna Cabana store in this excellent location,” added Mr. Grover. The development permits for the remaining Canna Cabana and KushBar stores needed to achieve the AGLC’s maximum of 42 are currently under various stages of development and construction. Outside of Alberta , High Tide currently has a Canna Cabana retail cannabis store in Swift Current, Saskatchewan , along with 3 branded locations in Hamilton , Sudbury and Toronto, Ontario .”

Aphria Inc (NYSE:APHA) 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, “Aphria is a leading global cannabis company driven by an unrelenting commitment to our people, product quality and innovation. Headquartered in Leamington, Ontario – the greenhouse capital of Canada – Aphria has been setting the standard for the low-cost production of safe, clean and pure pharmaceutical-grade cannabis at scale, grown in the most natural conditions possible. Focusing on untapped opportunities and backed by the latest technologies, Aphria is committed to bringing breakthrough innovation to the global cannabis market. The Company’s portfolio of brands is grounded in expertly-researched consumer insights designed to meet the needs of every consumer segment. Rooted in our founders’ multi-generational expertise in commercial agriculture, Aphria drives sustainable long-term shareholder value through a diversified approach to innovation, strategic partnerships and global expansion, with a presence in more than 10 countries across 5 continents.”

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As noted above, APHA just saw one of its primary strategic investments, High Tide, announce that the Canna Cabana location in Unit #6128 at 403 Mackenzie Way SW in Airdrie has received its first delivery of recreational cannabis products from “Alberta Gaming, Liquor, and Cannabis”, and today will begin selling cannabis and accessories.

The chart shows 10% during the past week in terms of shareholder gains in the listing. In addition, the stock has witnessed a pop in interest, as transaction volume levels have recently pushed 61% beyond its prior sustained average level.

According to the High Tide release, separately, the Company recently authorized 4,500,000 warrants with an exercise price of $0.30 per share for issuance to various arm’s length third parties as payment for capital markets advisory services.

Earning a current market cap value of $1.17B, APHA has a significant war chest ($464.3M) of cash on the books, which stands against about $123M in total current liabilities. APHA is pulling in trailing 12-month revenues of $349.9M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 848.8%. As more color becomes clear on the name, we will review the situation and update our take. Sign-up for continuing coverage on shares of $APHA 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 $APHA, either long or short, and we have not been compensated for this article.

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