"Thing will no doubt turn around".........Fingers crossed Marijuana Market: Aphria (TSX:APH) Looks for Up-Listing to NYSE
Aphria is looking to up-list its stock to the New York Stock Exchange. This would mean it would join Canada’s three other biggest marijuana producers on a major US exchange. Canopy Growth (NYSE:CGC) and Aurora Cannabis (NYSE:ACB) both already trade on the NYSE.
According to Aphria CEO Vic Neufeld, the company is starting fiscal 2019 in a strong position:
“We advanced the build-out of our expansion in Leamington, signed coast-to-coast supply agreements, launched our strong portfolio of adult-use brands, and created strategic collaborations with leading companies like Perennial that will ensure Aphria continues to lead the consumer experience as the cannabis industry evolves.”
Despite its position, Aphria is in the red today. At the time of writing, it is down 2.10% and selling for $15.88 CAD. However, you can’t keep a good thing down for long. With an encouraging new report and a potential up-listing on the horizon, things will no doubt turn around for Aphria in the marijuana market.