Aphria Inc (OTCMKTS:APHQF) shares are ripping again today, in part because of general strength in the space (which may be most owed to Canopy doing a secondary and shares responding with an upside breakout – a great signal for the cannabis space in general). But it’s also likely due to the company’s announcement this morning that it has completed its first shipment of cannabis oil to its Argentina-based subsidiary ABP, S.A., a pharmaceutical import and distribution company.
According to the release, “In accordance with a previously announced supply agreement, the Company delivered 1,500 bottles of Aphria’s renowned Rideau CBD oil, which were provided to Hospital de Pediatria Garrahan, a leading pediatric hospital located in Buenos Aires, for use in a clinical study focused on treating refractory epilepsy in children. Aphria acquired ABP last month when the Company closed its acquisition of LATAM Holdings Inc., expanding the Company’s global footprint to include a leading presence in Latin America and the Caribbean.”
Aphria Inc (OTCMKTS:APHQF) commands a market cap of $3.75B 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.”
In addition, the company has a strong balance sheet, with cash and marketable securities of $314M against basically no current liabilities.
Ripe for Interest
As we discussed earlier, APHQF just announced that it has completed its first shipment of cannabis oil to its Argentina-based subsidiary ABP, S.A, a pharmaceutical import and distribution company.
“Argentina will play a foundational role as Aphria cements its leadership in medical cannabis throughout the region,” said Vic Neufeld, Chief Executive Officer of Aphria. “Aphria and ABP, in close partnership with the Argentinean government, continue to advance opportunities for medical cannabis in the country, including the potential for in-country cultivation. We are also proud to support the critical and necessary research being undertaken by Hospital Garrahan on the treatment of refractory epilepsy in children with our Rideau CBD oil.”
The stock is up on the news. Overall, shares of APHQF have rallied about 12% over the past week. That sets up an interesting context for the action tomorrow.
Note, the company also announced it has completed its first shipment of cannabis oil to its Malta-based subsidiary ASG Pharma Ltd., which is a majority-owned subsidiary that received the first import certificate for medical cannabis issued by the Government of Malta’s Ministry of Health and “will use this first delivery of Aphria’s renowned Rideau CBD oil to perform analytical testing and research.”
Aphria Inc (OTCMKTS:APHQF) 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 our analysis, this is a company that is ripe for more strategic interest, and perhaps the next to file for that US IPO (following the recent move by Aurora).
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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