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Fly News Breaks for November 5, 2019
APHA
Nov 5, 2019 | 06:55 EDT
Cantor Fitzgerald analyst Pablo Zuanic initiated coverage of Aphria with an Overweight rating and C$10.40 price target. The shares trade at a discount to peers even when adjusting for a large low-margin wholesale business in Germany, Zuanic tells investors in a research note. Further, he notes that Aphria management is confident that cannabis sales in the May fiscal year will be 10 times August quarter levels, due to ongoing market growth and share gains.
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