RE:RE:Aphria, what is there not to like?1. Price controls? Did I miss something? What price controsl are you referring to?
2. Not sure what you are trying to say, but let me ask you this. Did Canopy ever have sales of less than $17 million before growing sales?
3. What options are you referring to, at what price and when do they expire?
4. Many people feel it was a brilliant move by an agressive managment team trying to maximize shareholder value. Fundementals will win out over controversy long term. Management turned a $25 million investment in Liberty into a $120 million gain in a matter of a couple of months and you want me to demand Neufeld's resignation. Seriously?
5. True, unproven at scale. But each quarter they keep delivering, so until they falter I will make the assumption they are on the right path. Remind me how profitable Canopy has been in the past? Really, you havent found one person that likes Aphria product. And you want me to take that statment seriously?
I'm not telling you how to invest your money. If you honestly believe Aphria is a poorly run company, with a broken business plan then you have made the right choice for yourself.
quote=Buckshot26]LOL, you just lobbed in a beach ball.
1. Greenhouse grown which is inferior to indoor grown. Once the market saturates with product you will have no market for dried flower (bud) and the only thing left will be to try to hide it in oil. If your brand becomes synonymous with being low cost greenhouse who will even by your oil. Price controls means you can't undercut the market = broken business plan.
2. Over $17.6 million dollars in Insider sales in less than a year. Sows an extreme lack of confidence by your management group in your companies prospects.
3. Shady managemnt. Show me one other TSX listed company that issued compensatory stock options to employees with issueing a NR. Further show me one other company that had the nerve to issue said options a day after their stock spiked and backdated them to what should have been their quiet period. Blackout or quiet periods are there for exactly this reason, as the company has information readily in their hands that the market doesn't. This was imo one of the shadiest deals I have seen in my career. Absolutely disgusting.
4. Shady managemnt #2. Taking a near billion dollar company into the States which is a gray area at best. The controversy alone shave 20% of your share price. If I was a shareholder I would be demanding Neufields immediate resignation.
5. Unproven at scale. Big deal they have a 30k square foot greenhouse that they were able to run at a tiny profit. I have yet to find a single person that likes their product, how can it get better at scale?
In conclusion poorly run company with a broken business plan equals steer way clear for me.[/quote]