RE:RE:RE:Pepsi product photoThe fact that we have an independent chairman and outgoing CEO has restored investor confidence as these moves are likely requirements of a multinational partnership. Volatility index has dropped and investors are buying back into these mj stocks, which means Aphria is about to see offers. They want to get in while the prices are still low, why pay $48/sh like stz when you can wait a few
months and pay half that for similar capacity and better margins. CEOs are replaceable but there will only be a select few LPs built to dominate globally with the headstart Canada has in cannabis.
bionicjoe wrote: An offer right now by a company the size of Pepsico would be great but I don't think any multi-national would be willing to expose themselves to potential adverse publicity when Aphria management has yet to respond by way of a rebuttal. There's also the issue of no new CEO at the helm at this time. A JV partner willing to spend billions would want to know who they are dealing with as head honcho before presenting an offer to shareholders. I think we still need a bit more cooling off period before we can expect legitimate offers. IMO, right now restoring confidence in Aphria should be the main goal of this company.
IMO, the pundits have challenged the cannabis industry to show them revenue before they will believe. They still smirk and joke around offering lame excuses why pot companies are still too risky for their clients. I'm hoping 2019 is the year when they finally have to eat crow as the massive growing operations of the majors will shortly come online. Maybe then we can ease up on the volatility that is still keeping many ma & pa investors away. Pepsico would bring instant legitimacy for Aphria but I don't think we are there quite yet. No matter, after all the turtle did win the race.