RE:meowmeowmeow down 10% on aphria on his first day Good meme, remind me in 6 weeks. Here's how the two stack up.
Exports:
Delta9 exports a couple preroll joints to Germany, Aphria is trying to set up in country cultivation through a tenure deal.
Delta9 has an "letter of intent" with two pharmacies (Kalapa & CanPharma), Aphria literally owns a pharmaceutical distributor that supplies 13,000 pharmacies with over €200 million in annual revenue.
Financing:
Delta9- both investments (27m, 16m) are sitting at -40% losses and have yet to even break even
In June Aphria raised $225m at $11.85, 3 months later they had made a paper gain of 82%.
In case you didn't catch that in 3 months, they created more in gains than the entire value of Delta9 which has been around for almost a decade.
Production:
In late 2019 when 600 pods are completed Delta9 will be producing 17,557kg/year. In Q1 2019 Aphria will be pumping out 20,000kg/MONTH.
COGS:
"Cost of Goods Sold per gram, at scale (whenever that will be) will be at or below $1.20 per gram."
Aphria is CURRENTLY -$1, and dropping fast due to South American cultivation, and heavy automation in their Canadian locations.
Quality:
Medical - GMP certified, pharma grade,
Recreational - Broken Coast is renowned for some of the highest quality weed in Canada. Also Marigold Jamaica blows them out of the water.
"Marigold’s leadership in the cutting-edge science of cannabis cultivation and precision dosing brings added depth and prestige to an already strong team. Marigold’s lead cultivator has won numerous cultivation awards including the prestigious Cannabis Cup an impressive 19 times for its world class, genetically engineered and globally-recognized cannabis strains, including Love Potion #1 and Pink Kush." Guess who owns 50% of that - oh yeah Aphria
Expansion:
Checkout Delta9's prairie expansion slide in their investor deck from June
https://medical.delta9.ca/wp-content/uploads/2018/07/Delta9InvestorUpdateJuly2018.pdf
"Alberta, Manitoba, Sask" literally no progress in any of these tiny hick populations, other than 2 stores in Manitoba lol, while Aphria is expanding into a new country every other month.
Employees:
Delta9's staff pool are just low skilled farmers or retail grunts - Delta 9 projects the hiring of 105 full-time equivalent (FTE) jobs in the production facility by the end of this year
https://www.delta9.ca/pages/careers
Aphria tries to automate as much as possible in cultivation, and focuses on hiring value added roles (R&D Director, Consumer Products,Food Scientist / Flavour Chemist,Research & Development Technician,Beverage Formulation Chemist,)
https://ca.indeed.com/Aphria-jobs
Vic Neufeld: Together with Broken Coast our high premium B.C bud, awesome growers they are, we’ll be at 240 000 kilos annually. Give me about four months to get to full crop rotation so by let’s call it May of 2019 we’ll be kicking out 20 000 kilos a month.
James West: Wow!
Vic Neufeld: A month.
James West: That’s incredible.
Vic Neufeld: That’s why automation had to be part of our story because the labor force, what people don’t realize is tremendous unless you bring in automation. We’ve literally cut our F.T.E growth projections in half.
James West: F.T.E?
Vic Neufeld: Full-time equivalence, sorry employees, employees.
James West: Right. Okay so then the main argument for automation besides optimization of floor space is reduction in labor costs?
Vic Neufeld: And speed to market too.
Management:
Lol good one, not even going to waste my time comparing the two.
Catalysts:
Delta9 - Not trolling here, but I can't think of any..
completion of a few more shipping containers, a PO from a province that isn't Manitoba?
Opening up a store in another hick city?
Anything else is just optimistic wishing tbh.
Aphria -
Health Canada approval for stage 4 of their production facility
Centre of excellence completion - for oil extraction
Approval for soft jell caps
Investment from a large multinational, they've already been in talks with Diageo, Altria and a-lot of other powerhouses "in 3-6 month there will be a deal with somebody who is a global leader in their sector" Tobacco, Alcohol, CPG, etc
The list goes on
Goodluck holding gentlemen. Only time will tell :)