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APHA

Aphria

$5.19

0.175 (3.49%)

06:04
11/04/19
11/04
06:04
11/04/19
06:04

Aphria doubles production capacity after receiving cultivation licence

Aphria announced it has received a cultivation licence from Health Canada for Aphria Diamond, the company's second Leamington, Ontario cannabis greenhouse facility, bringing an additional 1,300,000 square feet of production space with an annual growing capacity of 140,000kg. Combined with the company's Aphria One facility and its subsidiary Broken Coast Cannabis, the Company now has more than 2,400,000 square feet of cultivation space capable of reaching a total annualized production capacity of 255,000kg.

  • 12

    Nov

APHA Aphria
$5.19

0.175 (3.49%)

10/11/19
JEFF
10/11/19
UPGRADE
JEFF
Hold
Jefferies upgrades Hexo to Hold, says pressures now understood
Jefferies analyst Owen Bennett upgraded Hexo (HEXO) to Hold from Underperform with a price target of $2.90. The pressures facing the company are now better understood following its weaker than expected outlook, Bennett tells investors in a research note. The analyst this morning also downgraded Canopy Growth (CGC) to Underperform from Hold. His top picks Cannabis are Aurora Cannabis (ACB), Aphria (APHA) and Green Organic Dutchman (TGODF).
10/14/19
GHSC
10/14/19
DOWNGRADE
GHSC
Neutral
Canopy, Hexo downgraded to Neutral as Seaport Global cuts cannabis estimates
Seaport Global analyst Brett Hundley lowered his sales and earnings forecasts for the conventional Canadian cannabis companies he covers as part of a broader reset of expectations for the Canadian cannabis space. As part of the broader changes, he downgraded Canopy Growth (CGC) and Hexo Corp. (HEXO), both to Neutral from Buy. Hundley has lowered his FY21 view for Canopy's revenue to $475.5M and his EBITDA forecast to ($75.1M), adding that he no longer feels confident in the company's potential to receive incremental equity warrant funding from Constellation (STZ) in the near-term. For Hexo, he now sees FY21 revenue of $121.7M and $0.2M in EBITDA. He expects market pricing to become "considerably more challenged" as industry production funnels into "a limited store set" in Canada, Hundley tells investors. He keeps a Buy rating on Aphria (APHA), making it his only Buy-rated conventional Canadian cannabis company, though he cut his price target on the stock to $8 from $13. Hundley has Neutral ratings on Aurora Cannabis (ACB) and Tilray (TLRY).
10/15/19
GHSC
10/15/19
NO CHANGE
Target $8
GHSC
Buy
Seaport Global says confidence in Buy rating on Aphria reinforced by earnings
Seaport Global analyst Brett Hundley said that in a Canadian cannabis market that "badly needed positive data points," Aphria reported "solid" Q1 results, including sequential growth top line growth in Canada and better then expected EBITDA of $1M. Cash burn was "within an acceptable range" and the company's over $500M pro-forma of available cash reinforces his confidence in his Buy rating, Hundley tells investors in a post-earnings research note. He maintains an $8 price target on Aphria shares.
10/16/19
BOFA
10/16/19
NO CHANGE
BOFA
BofA lowers cannabis stock price targets on further sales estimate changes
Following yesterday's rally in cannabis stock's driven by Aphria's (APHA) earnings, BofA Merrill Lynch analyst Christopher Carey said he doesn't see a case for sustainable upside yet until consensus estimates are cut further, which he thinks will ensue with the calendar Q3 results from the group. The reason that industry sales could be flat to down quarter-over-quarter sector-wide is that the cannabis industry is going from a period of inventory build to one of inventory "de-load," said Carey. Given his sales estimate revisions, he has lowered his price target on Aurora Cannabis (ACB) shares to $5 from $6, cut his Canopy Growth (CGC) price target to $23 from $27, trimmed his Cronos Group (CRON) target to $13 from $16 and decreased his Hexo (HEXO) target to $2 from $2.50. Carey keeps a Buy rating on Cronos, has Neutral ratings on Aurora and Canopy and maintains an Underperform rating on Hexo.

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RHHBY

Roche

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XENE

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  • 07

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CLF

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M

Macy's

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COF

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EXPE

Expedia

$107.58

1.9 (1.80%)

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  • 09

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DAR

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DAR

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CODI

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QLYS

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CBMG

Cellular Biomedicine

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AXLA

Axcella

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AZN

AstraZeneca

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ABBV

AbbVie

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ABBV

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  • 07

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JNJ

Johnson & Johnson

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XBIT

XBiotech

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PCG

PG&E

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PCG

PG&E

$9.65

-0.13 (-1.33%)

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