Tag: Aphria

Green Growth Brands Files Offer to Purchase and Circular for Aphria Inc.; Aphria Urges Shareholders to “Take No Action”

By Eric Vengroff, Financial Analyst Jan. 23, 2019  – In the second round of an escalating battle for the future of Aphria Inc.  (TSX: APHA and NYSE: APHA), Green Growth Brands Inc. (GGB.CN) announced that it filed an Offer to Purchase and Circular and all the necessary regulatory filings in Canada and the U.S. for all of the issued and outstanding common…

Aphria Releases Q2 Results as Founders Step Down

The press release below this morning reported on the company’s second quarter results and announced the imminent departure of  CEO Vic Neufeld and and Co-Founder Cole Cacciavillani.  This release comes at a time when Aphria Inc., its board and management are embattled with investigative reporters, financial analysts and short sellers examining the recent bid by Green Growth Brands  (CSE:GGB) for Aphria,…

Marijuana buds on top of pile of cash

Green Growth Brands Launches Hostile Takeover Bid for Aphria Inc.

By Eric Vengroff, Financial Analyst Xanthic Biopharma Inc. dba Green Growth Brands Ltd.(CSE: GGB) announced today that it intends to make an offer to purchase all of the issued and outstanding common shares of Aphria Inc. (TSX: APHA and NYSE: APHA) which it does not already own. The offer would give Aphria shareholders with 1.5714 common shares of Green Growth for each of…

Northland Capital Initiates Coverage on Planet 13 Holdings

By Ralph Nathan, Market Realist On December 19, Northland Capital Holdings initiated coverage on Planet 13 Holdings (PLNHF) with a “buy” rating, giving the stock a price target of 3.75 Canadian dollars, which represents an upside potential of 252.1% from its December 19 closing price of 1.07 Canadian dollars. On December 7, Canaccord Genuity reinitiated coverage of Planet 13 Holdings with a…

Monday Morning Coming Down

by Eric Vengroff, Financial Analyst, Cannabis Daily As Canadians come down off the high of their first weekend of legal recreational cannabis, the stocks of some of Canada’s most well-known licensed producers are down too – roughly 10% as of 12:00 PM. Hence the rip-off of the Kris Kristofferson-titled tuned referring to the-day-after-the-night-before. It hasn’t even been a week yet…

Cannabis companies ramp up marketing as Health Canada warns them not to advertise pot

JACQUIE MILLER, Postmedia Network, Inc. Cannabis companies are intensifying efforts to get attention for their brands even as Health Canada launches another crackdown on the promotion of pot. Oct 11, 2018  -There appears to be a game of regulatory chicken emerging. Some companies are seemingly testing the boundaries with billboards, digital ads, websites describing their recreational marijuana, free events and…

Aphria Signs Supply Agreements with all Provinces and Yukon

LEAMINGTON, ON , Sept. 20, 2018 /CNW/ – Aphria Inc. (“Aphria” or the “Company”) (TSX: APH and US OTC: APHQF) today announced they have signed supply agreements with official distributors in all ten provinces and one territory to provide high-quality, branded cannabis products for the adult-use market across the country come recreational cannabis legalization on October 17 th. With 28…

Aphria Signs Agreement with OCS

LEAMINGTON, ON , Aug. 21, 2018 /CNW/ – Aphria Inc. (TSX: APH and US OTC: APHQF) announced that it has entered in a supply agreement with the Ontario Cannabis Store to provide branded cannabis products for sale online in Ontario’s adult-use market. Adult-use consumers will have an extensive selection Ontario and B.C.-grown cannabis from across the Company’s portfolio of adult-use brands. “We are thrilled…

What’s the Analyst Consensus on Aphria?

By Adam Jones, Market Realist Aphria’s performance Among the well-known cannabis stocks (SEED-TSE) such as Canopy Growth (WEED) and Aurora Cannabis (ACB) (ACBFF), Aphria (APHQF) has been one of the worst performers with a YTD loss of 52%. The company reported its earnings on August 1, and the stock has declined 7.3% since. Aphria Analysts’ NTM Recommendation and Target 2018-08-04…

Aphria Records Higher Annual Sales and Higher Quarterly Loss Due to Pending Canadian Legalization

 By Eric Vengroff, Financial Analyst, Cannabis Daily Leamington, Ontario – August 1, 2018 – Aphria Inc. (TSX: APH or USOTCQB: APHQF) today reported its results, for the fourth quarter and year ended May 31, 2018. All amounts are expressed in Canadian dollars.  Increased costs of $1.9 million in incremental selling, general and administrative expenses associated with preparations for adult-use weighed…

Marijuana buds next to piece of paper with "Yes!" written on it on top of tiny Canadian flags

Canada Legalizes Recreational Marijuana: What’s Next for Pot Stocks?

Keith Speights –The Motley Fool  Weed won. On Tuesday night, the Canadian Senate voted 52-29 to pass bill C-45, also known as The Cannabis Act. This was the final legislative hurdle to jump for recreational marijuana to become legalized in Canada. The only requirement now is royal assent by a representative of the Crown, which is merely a formality. Most…