Connect with us

Business

Is Aphria Inc (OTCMKTS:APHQF) Next in Line for a Major Strategic Investor?

Published

on

Aphria Inc (OTCMKTS:APHQF) has a wild day, with the action working in its favor. Following the close, the company responded to a request from the Investment Industry Regulatory Organization of Canada (IIROC) regarding media reports suggesting the Company is engaged in discussions regarding a potential investment deal (where another investing entity would be taking a presumably significant stake in APHQF).

According to the release, “While Aphria engages in discussions with potential strategic partners and/or investors from time to time, the Company notes that there is no agreement, understanding or arrangement in place with a potential investor at this time.” As you may already be aware, this was a response to media reports that Altria (MO), the multi-billion dollar tobacco and consumer staples giant, may be interested in placing a strategic investment with APHQF. The market responded because the idea, as it appears at face value, is one that makes intuitive sense and seems quite plausible.

Aphria Inc (OTCMKTS:APHQF) commands a market cap of $3.56B 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.”

 

It’s High Time

Shares of APHQF took off higher on Wednesday in response to the rumors of the Altria stake. Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -4%. However, the action on Wednesday went a long ways to remedy that directional momentum, with a 14% jump. In addition, the stock has benefitted from a jump in recent trading volume to the tune of 91% over the long run average.

According to reports, Marlboro maker Altria Group Inc. is in talks with Canada-based cannabis producer Aphria Inc. to potentially acquire an equity stake in the company, The Globe and Mail reported Wednesday. The Globe article cited multiple anonymous sources and stated that Altria was interested in a minority stake in Aphria with the intention of acquiring a majority stake in the longer run, but the deal terms are not final.

In addition, Altria and Aphria’s leadership teams have apparently conducted several meetings, which is plenty of smoke for us to smell the fire, particularly, as noted above, because the deal would make so much sense.

Aphria Inc (OTCMKTS:APHQF) pulled in sales of $12M in its last reported quarterly financials, representing top line growth of 110.3%. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($104.8M against $43.9M).

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!

   

Learn More About PLSI at your brokerage today!

         

Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Trade




FEATURED STORIES

INDUSTRIAL HEMP5 days ago

Cronos Group Inc. (NASDAQ:CRON) Pops On Altria Acquisition Talk After Q3 Net Loss Disappointment

Cronos Group Inc. (NASDAQ:CRON) is skyrocketing up the charts having emerged it is an acquisition target of Marlboro cigarette-maker Altria...

Business5 days ago

American Green Inc (OTCMKTS:ERBB) Kicks Off December On Rough Patch

American Green Inc (OTCMKTS:ERBB) seems to have started the month of December on a rather dull pace after closing the...

Business7 days ago

HempAmericana Inc. (OTCMKTS:HMPQ) Due For A Bounce Back As Sentiments Turn Bullish

HempAmericana Inc. (OTCMKTS: HMPQ) might as well have served groundbreaking catalysts set to trigger a rally from the current lows....

Business7 days ago

Hemp Inc. (OTCMKTS:HEMP) Surging On Massive Opportunity In Hemp Sector

Hemp Inc. (OTCMKTS:HEMP) bounce back after a steep pullback is gaining momentum. The stock could as well break out of...

Business1 week ago

Why Medmen Enterprises Inc (OTCMKTS:MMNFF) Could be Set to Rip

Medmen Enterprises Inc (OTCMKTS:MMNFF) has been beaten down soundly over the past 6 weeks. The stock continues to set up...

Business2 weeks ago

Can Green Thumb Industries Inc (OTCMKTS:GTBIF) Get Some Traction Following Primary Data?

Green Thumb Industries Inc (OTCMKTS:GTBIF) is another cannabis player to hit the wires with its quarterly financials. This comes at...

Business2 weeks ago

Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) Hits the Wires with Q Data as Farm Bill Readies

Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) just announced financial results for the third quarter and nine months ended September 30, 2018....

Business2 weeks ago

KushCo Holdings Inc (OTCMKTS:KSHB) Beats Single Analyst Estimates on Q3 Numbers

KushCo Holdings Inc (OTCMKTS:KSHB) just announced financial results for its fiscal year 2018, for the period ended August 31, 2018....

Business2 weeks ago

OrganiGram Holdings Inc (OTCMKTS:OGRMF) Looks to Solidify Support on Expanding Supplier Status

OrganiGram Holdings Inc (OTCMKTS:OGRMF) has been an interesting outperformer in the cannabis space for most of the year. However, shares...

Business3 weeks ago

Growlife Inc (OTCMKTS:PHOT) Could be Flying Under the Radar

Growlife Inc (OTCMKTS:PHOT) has been grinding lower over the past 10 months, which represents some clear underperformance relative to the...

Create a future where the human body can repair, restore, and rejuvenate itself

 

Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Play