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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


NDAQ:APHA - Post by User

Bullboard Posts
Comment by Duediligence33on Oct 22, 2018 6:30pm
213 Views
Post# 28851887

RE:End of Day Review

RE:End of Day ReviewI agree with you Skyplt because the. Scotiabank analysis was very thorough and they expressed informed and eplicit reasons for the $ 25 price target. I will continue to hold even with my margin shares. This sector wide shakeout is coordinate by shorters and traders as the Chart Guy pointed out in tonight's video. An inbalance of enthusiatic buyers prior to Oct 17 and the excess of sellers taking profits leads to lower prices. The company is sound and will soon be trading on NYSE with some big partner that will ignite the sector. Even other equity buy in with Aurora and/or TRST will give the Cannabis sector a boost. The clear megative sentiment shift now is short term (OCS shortages, posta strike, PC threat of re criminalization) and can soon and suddenly become positive sentiment with ANY merger or acquisition or USA political change. When sellers stop taking profit and new buyers come in the sp will fluctuate at the technical whiff of the traders who make money both up and down. I expect a gap down open tomorrow at $ 15.20 with a capitulation flush to the low $ 14 and possible $ 13.50 and then a lengthy consolidation range to $ 16 until a deal is struck and then up over $ 20 to $ 25. If no deal happens for weeks or months we will not see $ 20 again. Hello to $14 to $ 16 range. I like the company but the whole cannabis sector is in correction mode. Just gotta hang tough.
Bullboard Posts