Koshinski Asset Management Discloses New Stake in Aphria
Koshinski Asset Management Discloses New Stake in Aphria
by Steven Lachard February 2, 2021 In a Form 13F-HR filed with the U.S. Securities and Exchange Commission today, Decatur, Illinois-based money manager Koskinski Asset Management, Inc. disclosed that it took a meaningful initial stake in Canadian cannabis producer Aphria Inc. (TSX:APHA) (NASDAQ:APHA) (FRA:10E).
The fact that Koshinski went long APHA recently comes as no surprise. Aphria Inc. and Tilray, Inc. (NASDAQ:TLRY) (FRA:2HQ) recently announced that the two cannabis companies entered into a definitive agreement to combine their businesses and create the world’s largest global cannabis company on a pro-forma revenue basis.
With over $480 million in managed assets in assets under management as of a recent filing, Koskinski Asset Management, Inc.’s 30,774 share position in APHA amounts to just a small allocation for the firm. That said, it is a bullish signal that institutional investors and money managers like Koskinski Asset Management, Inc. are getting involved in APHA stock.
In the same reporting period, Proequities, Inc. and Alphamark Advisors, LLC also added additional shares of APHA to their existing long positions.
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