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Aphria Inc. APHA

Aphria, which is headquartered in Ontario, produces and sells medicinal and recreational cannabis. The company operates through retail and wholesale channels in Canada and internationally. Aphria is a main distributor of medical cannabis to Germany and has operations in over 10 countries outside of Canada. However, it does not have exposure to the U.S. CBD or THC markets due to the constraints of federal prohibition. It has some U.S. exposure through the acquisition of SweetWater, a craft brewer


NDAQ:APHA - Post by User

Comment by Ventura2020on Dec 30, 2020 11:34pm
186 Views
Post# 32201376

RE:RE:RE:RE:RE:RE:Although a low volume day

RE:RE:RE:RE:RE:RE:Although a low volume day

Exactly my thoughts CCD, Damed if I want to be holding TLRY, if this goes sour. 

Thanks for the reaffirmation, your post is spot on.

Cheers,
Ventura

CommonCentsforDollars wrote: I would just hold the APHA. I do expect the deal will go through but if it doesn't then you own TLRY. If the deal were to fall through my expectation is that TLRY would have a gap down sell-off without the white knight Aphria being in the picture.

Aphria's future was looking very bright before the merger, I think even brighter with the merger creating an international powerhouse with diverse revenue streams. However Tilray on just it's own isn't something I would want to own. All angles to consider.

 

Ventura2020 wrote:

Same, stepped away for a few hours, checked in and WTF.

Nice to read some Common Sense on here. It's is rare commodity on this bullboard.

Still nagging me, if I should of went the TLRY Nasdaq way. 

Keep it coming CCD, good stuff.

Cheers

 

CommonCentsforDollars wrote:
What I noticed in today's trading is that APHA and TLRY were trading extremely sychronized within 2 cents of each (after 0.8381 calculation) right up to 12 o'clock high noon.

It was between 12:00 and 1:00 where Tilray pulled away and created a 15 cent divergence by 1:00. The divergence remained strong for the remainder of the day Closing with a 17 cent spread. 

After hours trading between the two companies has narrowed the spread to 12 cents. 

Tilray creating some lift for Aphria. Not going to lie that I am surprised by that. I am looking forward to seeing how this plays out tomorrow. 

Happy to see your interest in the company, markets and keeping some notes is always good. Good on you Ventura. Cheers.


 

 

Ventura2020 wrote:

CCD, it did the same on December 28  
TLRY +22.01% over APHA Nasdaq.
Today +22.23% 
Evened up the next day to +20.55%, December 29  

Agreed, there is a boat anchor down. 

Still haven't bought into TSX for that very reason...lame!

Cheers,
Ventura

 

 

CommonCentsforDollars wrote: APHA - TSX side is a lame dog - It will be good to get off the TSX.
( 079 = criminal house )

TLRY - bullish Close at $8.63
which would be equiv to APHA - Nasdaq side @ $7.23 USD
although as you can see that closed @ only $7.06 USD

APHA is currently the anchor holding TLRY back if you can believe that.
Smarter shorts covering on TLRY or lame TSX... who knows.

Tormorrow shall be another interesting day.
Bears still need to cover a cajillion shares.

Have a good evening everyone! 

Cheerio

 

 

CommonCentsforDollars wrote: The Tilray chart is looking fairly intact.

Short covering rally / bear set-up for tomorrow?
3.5 hours to go, let's see what the bears have in store.

What is the plan on covering a cajillion shares.... ?

It would be bullish to see a Close on TLRY above $8.60 today.

 

 

 

 




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