Copied from TheCannalysts Reddit Earnings Summary
The company has cemented itself as the #1 canadian LP on all operating metrics.
Simon 'supposedly' walked away from a deal from STZ/CGC. Who knows how true it is but many sources have stated so.
APHA is now the worst performer other than ACB. Was the Best.
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48.4% growth in the quarter, 55% better than the industry average in Canada; #1 LP in Canada with market share of 14%, #1 LP in Ontario and Alberta, #3 in British Colombia, #4 in Quebec. In the month of August, Aphria vape cartridges maintained the highest market share, our brands held the #1 pre-rolled share and our brands held the #2 dried flower and oil shares in Canada
Aphria is growing in all of its consumer categories, growing share, and lowering its cost per gram.
The Drop has the feeling of the usual pump and dump by a big trading house (e.g. bank) with the timing of rumours and the sudden surge of positive articles.
Aphria is showing, yet again, that they are headed in the right direction and each quarter is getting better. At some stage they will enter the EU (already well positioned there) and then the US. Aphria will have no problem finding an equity partner further down the line if that's the route they choose to take. Right now they are in an excellent position and if they keep this trajectory going it just keeps increasing their negotiating position.
My take, the market will continue to juice Joe Retail until institutional investors make up the majority of shares, it’s a swing traders market right now. Selling a portion of your shares and buying back in cheaper with the profits made to add to your core position is a smart play.