Aphria Inc. APHA

Aphria, which is headquartered in Ontario, produces and sells medicinal and recreational cannabis. The company operates through retail and wholesale channels in Canada and internationally. Aphria is a main distributor of medical cannabis to Germany and has operations in over 10 countries outside of Canada. However, it does not have exposure to the U.S. CBD or THC markets due to the constraints of federal prohibition. It has some U.S. exposure through the acquisition of SweetWater, a craft brewer

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Aphria Inc.

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Post by Montevialeon Sep 20, 2017 3:27pm

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Post# 26721663

Could this happen in Canada???

From the NY Times August 25, 2017 (for complete article click on link below).

Uruguay became the first country in the world to fully leglaize marijuana.
Pharmacies had a hard time keeping up with demand.
Within the last four weeks American Banks, including Bank of America, said they would stop doing business with banks in Urugauy that provide services for those state controlled sales.
Afraid of losing access to the American banking system, Uruguayan banks warned some of their pharmacies over the past couple of weeks that their accounts would be shut down.
The threat of losing their bank accounts has led some of the roughly 15 pharmacies that initially signed up to participate in the new market to give up on marijuana sales.

Pot Was Flying Off the Shelves in Uruguay. Then U.S. Banks Weighed In.

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