3 Canadian LP's Making Major Headlines

TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

The Canadian cannabis sector has been trading lower on average recently and we are monitoring the recent decline. Although the sector has been under pressure, companies continue to execute and advance their story.

The summer slow season is ending, and we are monitoring how the sector trades during the month of August. Today, we have provided an update on 3 cannabis companies and believe that these are stocks that should be monitored.

Aphria Trades Lower on Earnings

Aphria Inc. (APH.TO) (APHQF) released fourth quarter financial results and the shares traded lower on this report. During the quarter, Aphria reported an approx. $5 million net loss on $12 million in revenue. When compared to the prior quarter, revenue grew by 17% and was driven primarily by Broken Coast reporting results for a full quarter, increased sales to medical patients at Aphria, all offset by the previously announced decision to discontinue wholesales sales to other licensed producers.

We are favorable on the decision to stop selling wholesale as this will increase the amount of inventory available for recreational and international market opportunities over the next six to nine months. This will result in improved margins and a higher average cost per gram sold. We expect the recreational market to be significant and this will provide more inventory to capitalize on it.

The market responded negatively to the quarterly loss and we are monitoring how the shares trade from here. In 2018, Aphria has significant advanced its story and this was primarily accomplished via acquisitions and investments. We are favorable on the continued execution and this is a stock to watch

Hydropothecary Announces Agreement with Molson Coors

The Hydropothecary Corporation (HEXO.TO) (HYYDF) jumped higher and recorded a double-digit percentage gain after announcing a definitive agreement with Molson Coors Brewing Company (TAP) (TPX.TO) to form a joint venture to pursue opportunities to develop non-alcoholic, cannabis-infused beverages for the Canadian market following legalization.

1 2 3
View single page >> |

Disclosure: This report was authored by and is property of Technical420. All information and data relied upon in drafting this report is publicly available. The author believes and considers its ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.