Some Sunday readingHow about that glossy Scotiabank publication on 'initiating coverage on Aphria'. Aphria being undervalued and Canopy being fully valued. Lots of interesting developments.
In my opinion, Aphria’s strong fundamentals and unique partnerships reflect something more than just a competitive advantage. It shows management’s ability to navigate this market with finesse. This pragmatic leadership style should help the company live up to its own ambitions and true potential.
Vishesh Raisinghani | October 21, 2018 Motley Fool
https://www.fool.ca/2018/10/21/can-aphria-inc-tsxaph-live-up-to-its-true-potential/ We have initiated coverage on Aphria Inc. with a Sector Outperform rating, a target price of $25.00 per share, and a bear-to-bull range of $15 to $34. Aphria is building one of the largest cannabis production platforms in Canada and internationally. The company is not trying to be all things to all people; rather, it intends to focus on perfecting large-scale production economics to generate high industry margins in the Canadian medical and recreational markets. We value Aphria by applying a 15x EV/EBITDA multiple to out-year achievable EBITDA of $450 million, ~40% of which is theoretical and based on likely funding capabilities. We think Aphria is the best way to play the cannabis space in our limited coverage universe.
https://advisor.scotiawealthmanagement.com/content/uploads/sites/214/Marijuana-Analyst-Report.pdf Scotiabank October 2018
Aphria Inc (OTCMKTS:APHQF) remains one our favorites primarily because it likely has some interesting catalysts ahead. It’s plausible to imagine the stock following Aurora over to the NYSE, and being quite attractive to major players for a possible strategic deal (such as the Altria rumors we saw two weeks ago). In addition, the company recently announced that it has formed an alliance with noted UK-based neurologist and rehabilitation physician Professor Michael Barnes MD FRCP, a leading voice on medical cannabis policy in Europe.
October 20, 2018
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Brandon Manns https://mmjreporter.com/expansion-continues-for-aphria-inc-otcmktsaphqf-with-strong-catalysts-likely-ahead/ mmjreporter