Aphria Inc (CVE:APH) Fluctuates Amid Lack Of Updates From Management


Aphria Inc (CVE:APH) has been fluctuating in the stock market, for the last 2-months, but has recorded an overall decline, in terms of its share value. During the last 2-months, the stock lost approximately $0.65 of its share value, mainly due to a lack of updates, from the company.. Currently, APH is trading at $6.35 and is expected to continue with its current trend, in the near-term.

In its latest press release, on March 30, 2017, Aphria announced that it has decided to perform an early exercise of its warrants, originally issued by Mass Roots Inc (OTCMKTS:MSRT). The company noted that each warrant was exercised at $0.9 per share, which had resulted in gross proceeds of $450,000 for MSRT. It should be noted here that the two companies have two year exclusive partnership for the Canadian market, which was formed last fall, as a result of APH’s investment in MassRoots, worth $250,000.

Vic Neufeld, the CEO of the company, claimed that they are committed to building a robust portfolio of cannabis investments, by backing innovative cannabis companies. He further stated that MassRoots was the leading technology platform, within the cannabis industry and they look forward to developing a close working relationship with them. Isaac Dietrich, the CEO of MSRT, pointed out that Aphria is one the most well-capitalized and highest caliber partner. He further thanked APH for its continued support, expressed by exercising its warrants fully.

Prior to this, Aphria got up-listed, from the TSX Venture exchange, to the Toronto Stock Exchange, as of March 22, 2017. Mr. Neufeld claimed that this was an important milestone for the company, allowing it to access a larger investor base, as well as increase its trading liquidity. The company plans to leverage its new position to raise capital, for future investments, within the cannabis industry.

Aphria Inc (CVE:APH) closed at a share price of $6.35, at the end of the May 2 trading session, after having recorded a gain of 1.28%, on a trade volume of 1.92 million.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.