Canopy Growth (NYSE: CGC) and Aphria (NASDAQ: APHA) are two heavyweights in the Canadian pot market. For a long time, cannabis investors saw Canopy Growth as the leader in the industry, but that just isn’t the case anymore. At the very least, the company’s got some tight competition not only from Aphria but also from U.S.-based pot stocks that are growing in size…
The company also announced a US$100 million, or about C$133.7 million, at-the-market stock sale program. READ MORE: https://finance.yahoo.com/m/79b6a748-fa9e-3f91-8ab5-3bb899104057/aphria-leads-pot-stock.html?.tsrc=rss
Aphria Inc. Announces Fourth Quarter and Fiscal Year 2020 Results Adult Use Cannabis Revenue Increases 27% From Prior Quarter And Fifth Consecutive Quarter Of Positive Adjusted Ebitda Net Revenue Increases 5% from Prior Quarter and 18% from Prior Year Quarter Adjusted EBITDA from Cannabis Operations of $9.3 Million Increased 55% from Prior Quarter Cash Cost […] READ MORE: https://www.newcannabisventures.com/aphria-q4-cannabis-revenue-increases-81-to-53-1-million/
Aprhia stock and most marijuana stocks fell on Wednesday after the Canadian cannabis producer reported worse-than-expected fiscal Q4 losses. READ MORE: https://finance.yahoo.com/m/f983523a-40f3-3bb7-9797-58bc2c363c0c/marijuana-stocks-fall-as.html?.tsrc=rss
Marijuana stocks rose Monday. Canopy Growth is launching a CBD ecommerce site in the U.S. Aphria stock broke out into a buy zone. READ MORE: https://finance.yahoo.com/m/da2a4242-2abc-3074-a1a4-4e10d2283d23/marijuana-stocks:-canopy.html?.tsrc=rss
Aurora Cannabis (NYSE: ACB) and Aphria (NASDAQ: APHA) were reportedly in talks to merge not long ago. Aphria’s shares are still down a little year to date after mounting a solid comeback from the major market meltdown in February and March. Aurora has also rebounded somewhat, but its shares are still down nearly 60% year to date. READ MORE: https://finance.yahoo.com/m/e85ffd57-574f-3e83-9c12-561e04f5aacd/better-marijuana-stock:.html?.tsrc=rss
Despite advanced merger discussions that have since fallen apart, combining these two Canadian licensed producers wouldn’t make much sense. READ MORE: https://finance.yahoo.com/m/e3f63101-08ab-3198-93a4-7224df00d43e/an-aurora-cannabis-aphria.html?.tsrc=rss
Merger talks between Aphria and Aurora Cannabis have apparently ended, but Stifel analyst Andrew Carter writes in a Wednesday morning note. The deal “could still come to fruition,” and would create a giant in the Canadian adult-use market, he adds. READ MORE: https://finance.yahoo.com/m/bbce698a-7022-339a-9ce7-e79a084cf093/a-cannabis-merger-of-aphria.html?.tsrc=rss
It deserves a premium, argues Stifel analyst W. Andrew Carter, given Aphria’s strong balance sheet and cash flows. Aphria’s trades for just 4.4-times its predicted sales. As profits grow at Aphria, the Stifel analyst thinks investors will award it a premium multiple of 6-times sales. READ MORE: https://finance.yahoo.com/m/34a0d471-c687-3ef1-b1af-bdd129a08115/aphria-might-be-a-bargain.html?.tsrc=rss
Today, I’ll look at two of the top pot stocks in the industry — Aphria (NASDAQ: APHA) and Canopy Growth (NYSE: CGC) — and assess which of these leading cannabis producers is the better stock to hold in your portfolio. One of the ways Aphria has established itself as one of the safer stocks in the industry is by being able to stay…
Aphria Inc. has reached a deal worth $29.1 million to settle a dispute with Emblem Cannabis Corp. and Aleafia Health Inc. The settlement ends a disagreement the companies had over Aleafia’s decision in 2019 to cancel a supply agreement it had with Aphria. Aphria CEO Irwin Simon says the deal allows the companies to avoid the distraction and the potential…
A steep selloff on Friday in the shares of Canopy Growth Corp. increases the attractiveness of Aurora Cannabis Inc. and Aphria Inc. which both trade at a discount on enterprise value/current sales despite having similar or even better growth prospects, according to Cantor Fitzgerald. “Admittedly, WEED has $1.3Bn of cash (although down from $4.9Bn, and at an annualized free cash…