Aphria Inc (NYSE:APHA) continues to approach the market in a leadership role, recently moving shares into the US big board market to help finance the company’s aggressive growth curve. To further that agenda, the company has beefed up its c-suite team, with the recent announcement of the promotion of Jakob Ripshtein to President of the Company.
According to the release, “As President, Ripshtein will continue to report to the Chief Executive Officer and have responsibility for the Company’s operating units worldwide. Mr. Ripshtein’s decades of experience in regulated industries has helped move the Company forward, with a focus on growth and innovation. Since joining Aphria as Chief Commercial Officer in May, Jakob has played a critical role in the Company’s strategic planning in commercial business, sales and marketing.”
Aphria Inc (NYSE:APHA) commands a market cap of $3B as a leading global cannabis company driven by “an unrelenting commitment to our people, product quality and innovation.”
The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!
Headquartered in Leamington, Ontario – the greenhouse capital of Canada – Aphria has been setting the standard for the low-cost production of safe, clean and pure pharmaceutical-grade cannabis at scale, grown in the most natural conditions possible. Focusing on untapped opportunities and backed by the latest technologies, Aphria is committed to bringing breakthrough innovation to the global cannabis market.
The Company’s portfolio of brands is grounded in expertly-researched consumer insights designed to meet the needs of every consumer segment. “Rooted in our founders’ multi-generational expertise in commercial agriculture, Aphria drives sustainable long-term shareholder value through a diversified approach to innovation, strategic partnerships and global expansion, with a presence in more than 10 countries across 5 continents.”
The company touts itself as one of Canada’s lowest cost producers, produces, supplies and sells medical cannabis. The company is truly powered by sunlight, allowing for the most natural growing conditions available. “We are committed to providing pharma-grade medical cannabis, superior patient care while balancing patient economics and returns to shareholders. We are the first public licensed producer to report positive cash flow from operations and the first to report positive earnings in consecutive quarters.”
Use a Thief to Catch a Thief
We started off by noting that APHA just hit the wires with the announcement the promotion of Jakob Ripshtein to President of the Company, effective today.
The announcement helped to spark a relief rally in a context of recent action that hasn’t been particularly fun for APHA shareholders. Over the past week, shares of the stock have suffered from clear selling pressure, dropping by roughly -7% even with the push higher on the news.
“Jakob’s leadership has been instrumental in guiding Aphria through several acquisitions and investments, product innovation, and the Company’s global expansion into Latin America and Europe ,” said Vic Neufeld , Chief Executive Officer of Aphria. “As we enter this new era of legalization, both medicinal and adult-use in Canada and around the world, Jakob’s strategic thinking, strong business acumen and relationship building skills will continue to be a tremendous asset in this new role. Further, his experience in the United States will greatly assist the Aphria team as we continue to evaluate various opportunities.”
Aphria Inc (NYSE:APHA) generated sales of $13.3M, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 10.5% on the top line. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($314M against $54.9M).
Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!
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