image

APHRIA: STILL DOING OK

With cannabis stocks at their lowest point since 2017, industry investors are desperate for good news. They found it in Aphria’s report of their second profitable quarter, despite analyst predictions of a coming loss.
Bloomberg, PR NewsWire, Bloomberg

Quick Hits

  1. Canopy became the first LP to be allowed to bulk-import MED directly to its UK distribution hub.
    Financial Times
  2. Cronos share prices spiked as much as 40% overnight on Wednesday following a series of block purchases, prompting a Stifel analyst to upgrade the stock and dub it “the new king of the north.”
    Market Realist, Yahoo Finance, Bloomberg, Barron’s, Investor’s Business Daily