Aphria AGM
Attended the AGM and agree with most of the comments posted. Would definitely reinforce that at some point a deal or "deals" will be made with one or more multinational partners. My sense is that at least one of the potential partners would preferably be from the pharma sector. Big, big pockets there with worldwide exposure. Bayer as an example. Interesting that Vic started the meeting speaking in German.
Definitely looking forward to mid 2019 when Apha rolling with 20000 kg per month and the lowest cost producer. Vic focussed quite a bit about building a long term sustainable business from the ground up with international influence. Also Vic restated his conviction that eventually the US would be the " home run" in terms of business.
In terms of share price, Vic said don't focus on the daily fluctuations. Felt that listing in the US would not only aid in exposure but also aid in less volatility in the stock price.
All in all, a good meeting.
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Definitely looking forward to mid 2019 when Apha rolling with 20000 kg per month and the lowest cost producer. Vic focussed quite a bit about building a long term sustainable business from the ground up with international influence. Also Vic restated his conviction that eventually the US would be the " home run" in terms of business.
In terms of share price, Vic said don't focus on the daily fluctuations. Felt that listing in the US would not only aid in exposure but also aid in less volatility in the stock price.
All in all, a good meeting.
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Tom Looney Joining board of directors?
I believe the reason that Aphria is top on the interest list for possible takeover by one of the huge American companies is due to the fact that they are seen as one of the top players in the MJ sector. And yet they have a much lower market cap than the other potential takeover targets like Aurora and Tilray.
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"Everyone has probably heard the rumour that (those two companies) are sniffing around"....classic misdirection and I think it was meant for Christina Pellegrino.
He, as Monteviale was mentioning was directing his attention to that portion of the room.
I'm pretty certain he wants nothing to do with them...however I'm less certain about BAYER.
I think that would be a world class partnership and he does spend a LOT of time in Germany.
I am most hopeful that we get a pharma deal done first and then a JV or minor stake investment by Altria. That would be a perfect world.
I understand that there can be a negative view on some companies but in the end the entire Pharma space has it's warts.
There is no better partner than pharma if you are looking to maximize your return on investment.
That's why I'm here.
With an investment from pharma the entire marketplace would be affected in a positive way.
It would be a much bigger impetus for the industry.
Atheena
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I very much appreciate all the posts info about the agm
And I am confident in APHA 's future and the team that is leading us , it is most reassuring to hear vic address the sp volatility and basically say ignore it because we got this under control that is what I need to hear from my quarterback and that’s how you become the GOAT!
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Happy Thoughts
With Ripshtein as APHA's president I believe that the Directors of Diageo are FAR more likely to invest in APHA as they value Jakob and Tom opinions and expertise.
I am curious if proceeds from the three-tranche $2B Euro bonds
DEO recently issued are being considered for such a stake.
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