Aphria Inc. is a Canadian cannabis company. There was some concern that Aphria might be delisted from the Toronto Stock Exchange or face other sanctions, because of the uncertain legal status of cannabis in the US. The completion of the Aphria Diamond joint venture is long overdue, and over budget. Aphria reaffirms that the facility is complete as it relates to being inspection ready for Health Canada and now initial license application has been submitted to Health Canada. It is listed on the Toronto Stock Exchange and NASDAQ, and has a market capitalization of $1.2 billion, as of January 2020, making it one of the largest cannabis companies in the world.[2].

Welcome to The Deep Dive, where we focus on providing investors of Canadian junior stock markets the knowledge they need to make smart investment decisions. Facility, 1,400,000 square feet in size, is expected to produce 120,000 kilograms of cannabis upon licensing, with the potential to double the footprint for future growth on the 100-acre site. [16] As a result of the allegations, a lower share price allowed Green Growth Brands, an American cannabis retailer, to launch a C$2.8 billion takeover bid that Aphria rejected as inadequate.
It appears that an advocacy group for migrant workers has taken aim at Double Diamond Farms, the joint venture partner of Aphria Inc (TSX: APHA) (NASDAQ: APHA).The campaign against Double Diamond began after a video surfaced on Twitter, demonstrating claimed living conditions for migrant workers at the firms operations. Aphria was founded in 2013 by Cole Cacciavillani and John Cervini, who were Leamington greenhouse operators. Health Canada changed the application process so that facilities needed to be 100% complete prior to submitting for licensing. Aphria has now funded an additional $70.554M and expects the additional cost to be $8M,which is relatively in line with the previous quarters MD&A statements. Need some freelance work done? When the deal closed in March 2018, it was valued at only $425 million, due to the lower value of Aphria's stock and the reduction of the cash offer of the deal. Reaffirmation that Aphria Diamond will have its first harvest in the company’s first quarter of the next fiscal year. [20], Aphria's main campus, called Aphria One, received license approval from Health Canada in March 2019 to operate a 1,100,000 square foot greenhouse to produce cannabis in Leamington, Ontario capable of producing 110,000 kg of cannabis annually with a focus on process automation. It graduated from the Toronto Venture Exchange to the Toronto Stock Exchange in March 2017,[5] and joined the S&P/TSX Composite Index in December 2017. To date, Aphria has advanced approximately $109.5 million as a means of funding the joint venture, and anticipates having to advance $4.4 million more prior to final completion. Our patient care does not stop with the initial consultation. Aphria Diamond and Aphria’s Boards of Directors approved a $20 million increase to the CAPEX budget for Aphria Diamond, which will be used to further improve the technologies at the facility. Not a recommendation to buy or sell. This article was jointly written by Jay, Editor of The Deep Dive, and Justin Young.

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