The Road is Paved with Pot
Aphria's results bode extremely well for OGI; a fact all too evident for the the market this morning. What's most telling is that Aphria reported EBITDA of little more than +1m for the quarter. And now they are forecasting 88-95m EBITDA for fy 2020. Extrapolated from recent quarter results, at the low end of forecast (i.e., 88m) this would show a 2150% increase (88m / 4.1m ...) in EBITDA (fyi, EBITDA is a proxy for operating profitablity). Knowing companies often forecast by virtue of under promise / over deliver, barring unforeseen hiccups, they are anticipating a massive increase in profit. Looking forward to OGI reporting.