RE:Aphria
The trading patterns on Aphria are identical to the trading patterns on CanniMed before that hostile take over. So yes, something does indicate someone is attempting to take it over and wants to pay as little as possible for it.
Keep in mind the market cap for APH is nearly identical to that of LEAF, a recent take over of Aurora. Both in the $2.5-2.7B market cap.
Keep in mind that Aphria has three times the production today and over twice the future production of MedRelief plus its grow cost is about 1/3.
APH will get taken over. The question is, will it be a peer, Diageo (my bet), pharma or tabacco.
There's only Canopy and Aphria with 6 digits KG grow capability in 2019. It's like buying a house in a hot neighbourhood and there's only two available. Prices go up because there's more buyers than sellers.
What we are seeing on the stock price right now is a short term abnormaly. Buy the dips.