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Tuesday, November 29, 2022

Stock Spotlight on Aphria Inc (OTCMKTS: APHQF)

Aphria Inc (OTCMKTS: APHQF) has seen a spectacular rise over the past several years positioning itself as one of hte leading cannabis Companies in Canada and transforming into a volume leader and one of the most popular cannabis plays on the planet.

The booming cannabis space is responsible for many, many huge recent winners. The sector is on fire as we near legal recreational cannabis in Canada on October 17. The global legal marijuana market is expected to reach USD 146.4 billion by end of 2025, according to a new report by Grand View Research, Inc.

Aphria Inc (TSX:APH) (OTCMKTS: APHQF) is a leading global cannabis company driven by an unrelenting commitment to our people, product quality and innovation. 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’s facility in Leamington, Ontario in currently being expanded; work continues to rapidly advance on the 700,000-square-foot Part IV expansion, which Aphria anticipates will have its first sale early next year. The Part III expansion added 200,000 square feet of production space and more than tripled Aphria’s production capacity from 9,000 kg annually to 30,000 kg annually. When completed early next year, the fully expanded facility (referred to as Aphria One) will provide over 1,000,000 square feet of production space with an annualized capacity of 100,000 kg. Combined with the Company’s Double Diamond Farms location (referred to as Aphria Diamond) and its B.C.-based subsidiary Broken Coast Cannabis, Aphria’s fully-funded production capacity is anticipated to be approximately 230,000 kg per year by early 2019.

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2018 has been a colossal year for Aphria; in January the Company acquired Broken Coast Cannabis, a Vancouver Island cannabis producer, for $230 million in cash and stock. Also in January Aphria acquired Nuuvera which holds a commanding position in the German and Italian markets for $425 million. Aphria also completed the acquisition of several South American cannabis companies for about $200 million in a deal with Scythian Biosciences, a closely related company sometimes described as an acquisition arm of Aphria. Aphria was founded in 2014 by Cole Cacciavillani and John Cervini, who were Leamington greenhouse operators. Vic Neufeld who was formerly CEO of Jamieson Laboratories, a Canadian vitamin company stepped in as CEO.

Last month Aphria unveiled its comprehensive portfolio of adult-use brands that will be available for sale in the adult-use market. Backed by more than a year and a half of extensive qualitative and quantitative research, including focus groups and influencer consultations, the Company has developed a portfolio of brands designed to meet the needs of specific consumer segments. The brands feature a range of price points and offer a variety of product formats and consumption options tailored to consumer preferences.

Aphria also closed the acquisition of LATAM Holdings Inc. from Scythian Biosciences. The Transaction was funded by the assumption of US$1 million of existing LATAM Holdings debt with the remaining consideration funded by the issuance of 15,678,310 common shares of Aphria.  The closing was pursuant to the terms of the definitive share purchase agreement previously announced by the Company on July 17, 2018.

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Currently trading at a $3 billion market valuation Aphria has very little debt on the books, $59 million in the treasury and another $45 million in marketable securities. Aphria is one exciting Company; the Company is reporting production capabilities are about to reach 255,000kg in early 2019 and they are already doing huge sales reporting $36.9 million in sales in 2018 compared to $20 million in 2017. As we near October 17 Aphria is an exciting place to be.  We will be updating on Aphria when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Aphria.

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Disclosure: we hold no position in Aphria either long or short and we have not been compensated for this article.

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