I told youIn February I told you by Jan 2021, Aphria will no longer be a publicly traded company. fast forward 6 or 7 months and rumors of such are swirling.
No it was not Canopy I was hearing at the time, it was a PE firm. That said, in June when all of Canopy's closures and layoffs became public, it became very obivous they we're going to have to make significan moves on both sides of the 49. Their production is minimal in Canada based upon their market cap.
Back in Jan and Feb when the chatter was rampant about APHA being bought out, many thought the buy out would be between 8.50 to 10 CDN a share ($3 to 3.5b). And that was considered a steal by many of us on Bay Street.
I don't believe Canopy will be successful with taking over APHA. I do believe this will cause a race. Any buyout by Canopy will mean Constellation has to cough up $8 to 9B to play in the weed sector. A high price especially with many overvalued assets.
I still stand by the chatter I was hearing and suspect a PE will end up winning APHA in the next 60 to 90 days (max).
Remember I just got back into APHA......I'll leave it at that. My average cost is 4.52 USD, so its a losing trade at this point. But I'm confident it won't be in 4 to 6 weeks.
Attack away Haters. I'm ready to defend.......