Opinions Hap (Robert) Sneddon FCSI
Aphria IncAPHA.TOCOMMENTSep 21, 2017
Stock price when the opinion was issued
As of May 04, 2021. Market Open.
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Premium contentPremium contentPremium contentStockchase Research Editor: Michael O'Reilly Our recommendation of APHA as a TOP PICK is based on recently announced news of TLRY acquiring APHA for a 23% stock price premium. Combined the companies will be the largest cannabis producer in the world, which will allow a unique ability to benefit from economies of scale in production, marketing, and distribution. APHA shareholders will receive 0.83 shares of TLRY and will ultimately own 62% of the combined outstanding shares -- essentially a reverse takeover. We would buy this with stop-loss at $6.75, looking to achieve $12.25 -- upside of over 23%. Yield 0% (Analysts’ price target is $13.00)
Although one of the top three cannabis producers in Canada it trades at a significantly lower valuation. Yield 0%. (Analysts’ price target is $25.56)
Charles Taersk
The sector got a little soft recently. Chart is showing a nice upward trend line from early 2016, followed by some pretty big volatility ranging from $8 down to $4.50. It has broken up through its downtrend recently. The 1st place he would look at is resistance of around $6.50, which is probably not going to be until the peak of around the current level of about $6.60. He would like to see some volume above $6.61.