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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

NDAQ:APHA - Post Discussion

Aphria Inc. > I'm out of Aphria
View:
Post by Outhere on Aug 01, 2020 1:06pm

I'm out of Aphria

Wish you all luck.  Q4 was a dissappointment to say the least.  i was forecasting 165mm and it was shy of 153mm.  Inventory is piling on, jsut look at whats available on gov websites along with the inventory on hand (knew this was going to be high). 

I've played this stock from the long and short.  For those who are long, I see very limited opp to short.  Maybe it can go down to 5.50 CDN.  Upside is also limitied.  best case scenario is 9 CDN.  

That said, I see no opportunity. If APHA gets to $5CDN I will be back but I don't see that being likely.

All the best OUt.
Comment by GrandSabot on Aug 01, 2020 6:55pm
Wish you the best dude TGS
Comment by Matteo1234 on Aug 02, 2020 1:31pm
Cannacord just upgraded them to $10.00 a share. Also in charge of atm. Bad time to sell dude. Shabangles
Comment by ilvmyt5s on Aug 02, 2020 2:22pm
Canaccord and Jefferies is working with Aphria to raise $135,000,000 for their expansion into the U.S.A. this November.   Distributions of the Common Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated July 29, 2020 among the Company, Jefferies LLC and Canaccord Genuity LLC, as U.S. agents and Canaccord Genuity Corp. and ...more  
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