We all know this is just a startSpring is coming up and people are loading up their portfolio with APH.V. 2014-2015 were dry years compared to these recent weeks. The amount of volumes being traded will continue to increase and it will continue until spring-summer of 2017 when legalization of marijuana officially starts. The stocks have been undervalued for a quite a while. Im not suprised by the increase we saw this week because it was bound to happen. I'm rather suprised by the fact that more people didn't recognize Aphria and didn't get in on Aprhria when their stock prices were so low. Increasing revunes and profits, reputable CEO, huge amonts of cash and with 0 debt.
I got in on Aphria at 1.30 and 1.61 right before the sudden increase. I bought another 17000 shares today at 2.27/2.28. I believe that the current estimation of Aphria hitting 2.75 is on the low side. With all those investments, Aphria should start getting ready with recreation and start hiring people for marketing.
I never bought CGC stocks cause the CEO's are paying themselves a fortune while loosing money. They need to stop spending and starting making some profits. I don't expect much at their next earnings report on ~ August 22nd. When they do start making profits is when I will start investing. It won't be late.
With Organigram, I only have 20k worth of stocks (bought at 1.10) and regret not getting more. I'm quite happy with how the company is doing. The CEO is smart in hiring someone who worked in the alcohol industry. Its a brutal industry and someone who survived through it can help lead the company well.