|Bid||6.93 x 0|
|Ask||6.94 x 0|
|Day's Range||6.85 - 7.85|
|52 Week Range||4.95 - 14.37|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan. 13, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.85|
Canadian cannabis producer Aphria announced a $100 million investment from an unnamed institutional investor shortly before the start of trading on Friday.
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (17,565.34, down 56.44 points.)Encana Corp. (TSX:ECA). Energy. Down 23 cents, or 4.43 per cent, to $4.96 on 16 million shares.Aphria Inc. (TSX:APHA). Health care. Down 65 cents, or 8.58 per cent, to $6.93 on 8.5 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Down one cent, or 0.81 per cent, to $1.22 on 7.2 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Down nine cents, or 5.56 per cent, to $1.53 on 6 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Down 13 cents, or 4.76 per cent, to $2.60 on 5.5 million shares.Enbridge Inc. (TSX:ENB). Energy. Up 11 cents, or 0.2 per cent, to $53.96 on 5.45 million shares. Companies in the news:Encana Corp. (TSX:ECA). Encana Corp. says it has completed its corporate reorganization under the new name Ovintiv Inc. The shake-up also includes technically moving the company to be U.S.-based, though the company says the move won't change how the Calgary-based company runs its day-to-day activities. Company CEO Doug Suttles said in announcing the change that the domicile move to the U.S. would give the company access to larger pools of investment in U.S. index funds and passively managed accounts, as well as better align it with its U.S. peers.Barrick Gold Corp. (TSX:ABX). Up 36 cents or 1.48 per cent to $24.60. Barrick Gold Corp. has signed an agreement with the Tanzanian government to formalize a joint venture relating to three mines that ends a long-running tax dispute with the African country. The Toronto-based gold miner signed the deal with United Republic of Tanzania President John Pombe Magufuli that will give the government "full visibility of and participation in operating decisions made for and by the North Mara, Bulyanhulu and Buzwagi mines." The agreement also formalizes the creation of a jointly owned management company that will oversee Barrick's local operations.SNC-Lavalin Inc. (TSX:SNC). Down 15 cents to $31.09. Canada has slipped in the annual Transparency International ranking of countries considered among the least corrupt, in light of the SNC-Lavalin controversy. According to the Berlin-based organization's most recent corruption perception index, Canada now ranks 12th on the list of 180 countries assessed, behind Germany, the Netherlands and Norway. This is a decrease of three places compared to 2018. The country obtained a score of 77, which places it at the top in the Americas, while the United States ranks 23rd.Domtar Corp. (TSX:UFS). Down $2.49 or 4.8 per cent to $49.49. Domtar Corp. has warned of an expected operating loss for the fourth quarter and sales that are below analyst expectations. The wood products company says in a business update that it expects its operating loss to be between US$15 million and US$19 million, due in part to US$19 million in closure and restructuring costs and US$74 million in depreciation and amortization. The company, partially based in Montreal, says it expects revenue of US$1.2 billion. Analysts had expected revenue of US$1.27 billion according to financial markets data firm Refinitiv.Aphria Inc. (TSX:APHA). Aphria Inc. says it has signed a deal with an unidentified institutional investor who has agreed to invest $100 million in the cannabis company. The investor will acquire roughly 14 million units of the company at a price of $7.12 per unit. Each unit will include one Aphria share and one-half of a share purchase warrant. Each whole warrant will entitle the investor to acquire one Aphria share at a price of $9.26 for a period of 24 months from the closing date of the offering. Aphria says it plans to use the net proceeds from the offering to finance international expansion, working capital and general corporate purposes.This report by The Canadian Press was first published Jan. 24, 2020. The Canadian Press
LEAMINGTON, Ont. — Aphria Inc. says it has signed a deal with an unidentified institutional investor who has agreed to invest $100 million in the cannabis company.The investor will acquire roughly 14 million units of the company at a price of $7.12 per unit.Each unit will include one Aphria share and one-half of a share purchase warrant.Each whole warrant will entitle the investor to acquire one Aphria share at a price of $9.26 for a period of 24 months from the closing date of the offering.Aphria says it plans to use the net proceeds from the offering to finance international expansion, working capital and general corporate purposes.The announcement comes more than a week after the Leamington, Ont.-based cannabis company slashed its outlook due to delays in opening additional Ontario cannabis stores and a ban on vape products in Alberta.Aphria said on Jan. 14 that it now expects net revenue for its 2020 financial year to be between $575 million and $625 million.It had previously predicted that total would be between $650 million and $700 million.Aphria chief financial officer Carl Merton said the company was being hampered by a delay in opening another wave of cannabis stores in Ontario. The province recently announced it would abandon a controversial lottery-based system that allowed 25 Canadians to open pot stores in Ontario last April, but people hoping to open new stores might not get the go-ahead until spring.Aphria also said its adjusted earnings before interest, taxes, depreciation and amoritization will now amount to between $35 million and $42 million, rather than between $88 million and $95 million.Shares in the company behind brands including Solei, Broken Coast Cannabis, RIFF and Good Supply were down 31 cents or 4.09 per cent at $7.27 in midmorning trading on the Toronto Stock Exchange.Cannabis stocks have rallied somewhat since a second wave of products known as Cannabis 2.0 has become available, including cannabis-infused chocolates, cookies, soft chews, mints, tea and vapes.This report by The Canadian Press was first published Jan. 24, 2020.Companies in this story: (TSX:APHA)The Canadian Press
LEAMINGTON, ON, Jan. 24, 2020 /CNW/ - Aphria Inc. ("Aphria" or the "Company") (TSX: APHA and NYSE: APHA) today announced that it has entered into an agreement to accept a strategic investment from an institutional investor (the "Significant Investor"), pursuant to which the Significant Investor has agreed to purchase 14,044,944 units of the Company at a price of C$7.12 per unit (the "Offering Price") for aggregate gross proceeds to the Company of C$100,000,001 (the "Offering").
Shares of Canadian pot producer Aprhia climbed nearly 10 per cent on Wednesday after the company announced a significant step towards improving sales in Europe’s largest cannabis market.
Second EU GMP certification bolsters Company's international export capabilities LEAMINGTON, ON , Jan. 22, 2020 /CNW/ - Aphria Inc. (" Aphria " or the " Company ") ( TSX: APHA and ...
Aphria selected the MMA to perform the EU GMP audit as the criteria and certification thresholds established by the MMA are among the most stringent and demanding in the EU. The certification will allow the Company to ship bulk and finished dried flower, as well as bulk and finished cannabis oil for medicinal use in permitted jurisdictions throughout the European Union.
(Bloomberg) -- Tough times in the cannabis industry aren’t stopping its leaders from going to Davos.For the second year in a row, there will be a Cannabis House in Davos, Switzerland this week alongside the schmoozing and speeches of the World Economic Forum. The 2020 offering promises to be “a little more formal and more professional” than last year’s, according to Jason Paltrowitz, executive vice president of corporate services at OTC Markets Group, one of the sponsors of the Cannabis House.Cannabis House will feature a two-day conference focused on the themes of Davos 2020, including sustainability, climate change, social equity and impact investing.The rout in pot stocks hasn’t dampened interest in the event, which will also include “a professional capital markets discussion,” Paltrowitz said.The agenda has an international flavor, with speakers from Israel, Switzerland and Asia.The goal is to get delegates from the World Economic Forum to pop in and learn about the industry, said Richard Carleton, chief executive officer of the Canadian Securities Exchange, another sponsor.“What was particularly interesting to me last year was how many European institutional investors, everybody from family office managers, hedge funds, right up to some of the largest pension funds in the world” stopped by Cannabis House, Carleton said. “They hadn’t invested yet but were there to learn.”Stock ReboundInvestors seemed to be in the mood to celebrate successes rather than punish failures last week.Pot stocks ended the week significantly higher, with the BI Global Cannabis Competitive Peers Index up 15% and the Canadian-focused Horizons Marijuana Life Sciences Index ETF adding 18%, its biggest weekly increase since August 2018. The gains came despite Aphria Inc.’s earnings miss and cut to its full-year guidance, which sent its shares down 8.6% on Tuesday.Instead, investors focused on positive results from Aphria’s smaller competitor Organigram Holdings Inc. Organigram’s U.S.-traded shares surged 45% Wednesday after it reported positive adjusted Ebitda and revenue that beat the highest analyst estimate. That sent the entire sector rallying, and even Aphria’s shares ended the week higher.Given how fast investors have been to punish missteps in recent months, could this be a sign that the sector has bottomed out?There are positive signs in the capital markets too, according to data from Viridian Capital Advisors. In the first two weeks of 2020, seven capital raises worth a total of $250 million were completed. Although the number of deals was lower than the 15 done in the first two weeks of 2019, the average deal size was more than 2.5 times bigger than the same period of last year, Viridian said.Events This WeekMONDAY 1/20Cannabis House hosts “a global cannabis conversation” in Davos, Switzerland alongside the World Economic Forum, through Jan. 21U.S. markets closed for Martin Luther King Jr. DayWEDNESDAY 1/22CannaWest addresses regulatory issues in the industry; the event runs in Los Angeles through Jan. 24THURSDAY 1/23A one-day Cannabis Conclave will be held in Davos, SwitzerlandLast Week’s Top StoriesOrganigram Surge Lifts Sector Despite Lingering UncertaintyCanopy Delays Cannabis Beverage Launch at Most Inopportune TimeBirthplace of Semi-Legal Pot Risks Falling Behind U.S.Congress Wants More People Growing Pot for Cannabis ResearchTo contact the reporter on this story: Kristine Owram in New York at email@example.comTo contact the editors responsible for this story: Brad Olesen at firstname.lastname@example.org, Will DaleyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
TORONTO, Jan. 16, 2020 /CNW/ - Aphria Inc. ("Aphria" or the "Company") (TSX: APHA and NYSE: APHA), a leading global cannabis company, is combating winter blues and energizing the public with the launch of a Plant Positivity Winter Garden on Monday, January 20, known to some as Blue Monday — the most depressing day of the year based on factors such as weather conditions, debt levels and low motivation levels. With a vision to improve quality of life for communities and individuals, Aphria's social impact platform, Plant Positivity, provides people with greater access to green spaces and creates opportunities to learn about plants and plant care.