FP says Aphria aims to join exclusive U.S.-listing club
Aphria Inc (C:APH)
Shares Issued 248,279,078
Last Close 10/18/2018 $19.45
Shares Issued 248,279,078
Last Close 10/18/2018 $19.45
Friday October 19 2018 - In the News
The Financial Post reports in its Friday edition that some of the country's major pot companies are looking to ride the green rush to Wall Street. The Post's Victor Ferreira writes that on Thursday, Aphria submitted its registration to list its shares on the New York Stock Exchange, making it the second Canadian producer to pursue a listing on the NYSE this month.
Aphria's bid followed that of Aurora Cannabis, which announced Thursday that its shares will begin trading on the NYSE as of Oct. 23 after receiving approval, and earlier moves to secure U.S. listings by Canopy and Cronos. Paul Rosen, chief executive officer of Tidal Royalty, which invests in U.S. cannabis companies, says that Wall Street not only opens these companies up to a new pool of investors but grants them a chance separate themselves from competitors.
"These companies are in a Texas cage match level of competition among each other," said Mr. Rosen, who is also a former CEO of Cronos. "They're all following a successful path laid down by others ... to increase their ability to raise capital from multiple sources and ultimately lower their cost of capital, which would be a competitive advantage to their peers" who fail to secure a U.S. listing.
© 2018 Canjex Publishing Ltd.
Globe/CP say Aphria applies to trade on NYSE
Aphria Inc (C:APH)
Shares Issued 248,279,078
Last Close 10/18/2018 $19.45
Friday October 19 2018 - In the News
Shares Issued 248,279,078
Last Close 10/18/2018 $19.45
Friday October 19 2018 - In the News
The Globe and Mail reports in its Friday edition that licensed cannabis producer Aphria has applied to list its shares on the New York Stock Exchange. A Canadian Press dispatch to The Globe says that the Leamington, Ont., company submitted its registration statement to U.S. securities regulators Thursday.
The company says it will provide details such as its expected trading date and ticker symbol when available and after it receives the required approvals. The cannabis grower's U.S. listing application comes as its Edmonton-based competitor Aurora Cannabis announced it would begin trading on the NYSE on Oct. 23.
Several other Canadian licensed producers have listed their shares south of the border this year, including Canopy Growth, Cronos and Tilray. Aphria closed Thursday at $19.45, up five cents on the Toronto Stock Exchange.
© 2018 Canjex Publishing Ltd.
Aphria (TSX: APH) (OTC: APHQF) has filed a Form 40-F that reveals it is intending to list on the New York Stock Exchange:
Clarus the lead underwriter for Aphria's June private placement has been buying upp shares BIGTIME do you think they new about the uplisting to NYSE - Absolutely insider knowledge invested $12,244,340
| Broker Positions for C:APH Broker #24 from 20181001 to 20181018 |
| Date | Bought | $Val | Ave | Sold | $Val | Ave | Net | Position | $Net | $Position |
|---|---|---|---|---|---|---|---|---|---|---|
| 20181002 | 0 | 5,000 | 80,000 | 16.00 | -5,000 | -5,000 | 80,000 | 80,000 | ||
| 20181005 | 2,500 | 41,592 | 16.637 | 0 | 2,500 | -2,500 | -41,592 | 38,408 | ||
| 20181010 | 145,900 | 2,910,316 | 19.947 | 0 | 145,900 | 143,400 | -2,910,316 | -2,871,908 | ||
| 20181011 | 200,300 | 4,018,742 | 20.064 | 0 | 200,300 | 343,700 | -4,018,742 | -6,890,650 | ||
| 20181016 | 155,600 | 3,185,588 | 20.473 | 0 | 155,600 | 499,300 | -3,185,588 | -10,076,238 | ||
| 20181017 | 125,900 | 2,204,674 | 17.511 | 4,700 | 87,858 | 18.693 | 121,200 | 620,500 | -2,116,816 | -12,193,054 |
| 20181018 | 2,500 | 51,286 | 20.514 | 0 | 2,500 | 623,000 | -51,286 | -12,244,340 | ||
| TOTAL | 632,700 | 12,412,198 | 19.618 | 9,700 | 167,858 | 17.305 | 623,000 | $12,244,340 | ||
