Post by
ProfCornelius on Oct 16, 2020 8:03pm
What I would like to see happen.
First of all, the optics of Irwin Simon's BNN "interview " yesterday were simply putrid. What I saw was a guy who portrayed himself as ill prepared, unkept, melancholy and uninspiring. I hope that this performance was by design as to give the shorts comfort just before a deal is to be announced but that would be giving him to much credit and I won't hold my breath. The truth is that many people are slacking severely and have been underperformers during this Covid crisis and I believe that may be the case for Aphrias overpriced CEO. That being said, something tells me a deal will happen with either Canopy or an MSO. Canopy has definitely reached out to Aphria but Aphria walked. Possibly even twice. IMHO, I believe Canopy will be back with a better offer because they need us. The problem I see is this. If I am making oodles of cash as a part time CEO and using that capital to front other projects I am not leaving quietly unless the acquisition of Aphria is beyond a fair deal. I would accept a fair deal for the acquisition of Aphria as most shareholders would be why would he? He has it way way too good fellow shareholders. He has gotten waaaaaay to comfortable in that CEO seat that he only occasionally sits in and yesterday clearly told that tale. Read about a term called "deviation drift" because that's what we are experiencing with him here!!! Now back to my subject line. What I would like to see happen by the end of the year is an announcement confirming a merger arranged with a MSO and Aphria that becomes binding once cannabis is federally legalized in the states. Between then and now all of the pertinent details could be worked out while also making our share price go parabolic. I have some faith that as a contingency I S has been exploring this opportunity but ffs Irwin get your act together public relations wise. Atleast speak, act and appear that you care. My choice for an eventual merger with a MSO is Cresco Labs. I don't speak about it much but I've been a shareholder since the huge Covid dip in the spring. These two companies would be the perfect fit. Regards, Prof
Comment by
CaneIsAbel on Oct 16, 2020 8:15pm
Prof Corn always good to hear from you. Cheers
Comment by
ilvmyt5s on Oct 16, 2020 8:15pm
Hey Prof how do you feel about Aphria becoming 3 times the size it is now?
Comment by
ProfCornelius on Oct 16, 2020 8:19pm
Market cap wise? Please elaborate.
Comment by
Ventura2020 on Oct 16, 2020 8:24pm
Good read! I like the thought of Creaco Labs as well ( I believe Vic said the same words not so long ago in an interview) and yes, wait until legalization. No point going in now when you have no way of knowing which way this election may go. Best hold up and have discussions and wait for the right entry point. Ventura
Comment by
ProfCornelius on Oct 16, 2020 8:28pm
Fingers crossed that our CEO has and is exploring agreements to merge with various MSO's Ventura. Now to listen to Ventura Highway by America. Take care sir. Prof
Comment by
Ventura2020 on Oct 16, 2020 8:39pm
Ha ha, should be in everyone's playlist...
Comment by
Outhere on Oct 16, 2020 8:25pm
Prof, so let me get this straight you think a deal with an MSO will be worked out by year end? How is that possible, legalization in the states will only happen if Biden is elected and that won't happen for atleast a year from when he's in office - so Feb 2022. And he will need a blue wave to take hold (ie own the senate and house).
Comment by
ProfCornelius on Oct 16, 2020 8:32pm
Hi Outhere, My post is attempting to convey that I would like to see Aphria make a deal to merge with an MSO once cannabis is federally legal in the states. A written agreement now to merge in the future. Thanks, Prof
Comment by
Outhere on Oct 16, 2020 8:47pm
Private Equity is more likely at this point. Given captial constraints for MSO's at the moment, they are slowly having to grow in emerica. Canada ain't on their radar.
Comment by
ProfCornelius on Oct 16, 2020 9:58pm
Like I said, a deal for down the road when cannabis is federally legal and capital will be like manna from Heaven in the States. Canada may not be on their radar but I can assure that Europe is and Aphria has the keys to that continent. As for private equity, I wouldn't doubt I S having sweetheart deal lined up for that and himself.
Comment by
Matteo1234 on Oct 22, 2020 5:33am
I think Irwin is unkept because he's under pressure from shareholders because of his salary and overpromising and under delivering. He was bragging about a billion in revenue by end of 2020. He has only one option. He needs a deal. The market is demanding it. Sell to Green thumb and get the money.