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Aphria Inc. APHA

Healthcare Drug Manufacturers - Major Cannabis
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

Aphria Inc.
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Comment by ZipLokBaggies4Uon May 08, 2020 3:33pm
384 Views
Post# 31004914

RE:Simon on Bloomberg

RE:Simon on BloombergAphria-sheds-staff-including-marketing-boss-amid-strategic-shift

ZipLokBaggies4U wrote:

"Simon shrugged off concerns about the company's stock decline on Friday after Aphria announced it would purchase back $127.5 million of debt by issuing 18.7 million shares and $2.9 million in cash to its existing bondholders. 

"It's accretive to earnings and ultimately we chose to use our equity to reduce our net debt and set the company up better from a financial standpoint," he said. BNN



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