Wednesday, February 26, 2020

Buying Aphria Inc. (APHA) @$3.81

Aphria Inc. is a licensed producer of medical products, growing 100% of its plants in greenhouses. The company sells medical cannabis both online and via phone, and also engages in wholesale shipping of medical marijuana to other licensed producers.

Registered Marijuana sales should hit $146B by 2025.
Clearly, any portfolio should include exposure to this industry. I feel like this is an even bigger opportunity today, given that this stock's price has fallen 90% in the last 18 months.
This company is best in class in the medical Marijuana sector, it's Canada based so no legal issues from the American Fed.

1 comment:

  1. Governor Andrew Cuomo of New York, a leading politician of the Democrats’ progressive wing, promised state-level legalization in his State of the State address – and like California, New York tends to be a trendsetter. In addition, Biden has tapped Federal judge Merrick Garland as his choice to head the Department of Justice; Garland is generally seen as centrist, but he has a judicial record from the Federal bench of respecting state-level cannabis legalization regimes.