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Bullboard - Stock Discussion Forum 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... see more

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NDAQ:APHA - Post Discussion

Aphria Inc. > Seeking ALPHA

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Post by blackredblack on Jul 28, 2020 3:32pm

Seeking ALPHA

Pot stocks break out ahead of earnings releases

Jul. 28, 2020 2:06 PM ET |About: Altria Group, Inc. (MO)|By: Douglas W. House, SA News Editor

Buying has spiked in cannabis stocks although a specific news catalyst remains elusive.

This morning, Altria (MO +1.4%), the owner of a 45% stake in Cronos Group (CRON +8.4%), reinstated 2020 guidance with a better-than-expected cigarette decline rate (3.5 - 2% vs. 6 - 4%). It also hiked its dividend by 2.4%, always considered a bullish move.

Also this morning, CanaFarma Hemp Products Corp. entered into a memorandum of understanding with Jonathan Cheban's FeelGoodCBD, LLC for a joint venture selling hemp oil-infused products under the Foodgod brand.

Upcoming earnings release dates include July 29 for Aphria (APHA +6.6%), August 6 for CRON, August 11 for Tilray (TLRY +12.0%), August 12 for Canopy Growth (CGC +14.2%) and August 13/14 for Aurora Cannabis (ACB +9.7%).

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Comment by GingerEnergy111 on Jul 28, 2020 3:36pm

COVID is the catalyst - as is the earnings release for the lockdown period. People being paid to stay home so every night is a weekend.... Expecting a great 2nd quarter!

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