FP says Aphria, others contenders for top spot
Aphria Inc (C:APH)
Shares Issued 210,125,411
Last Close 6/20/2018 $12.44
Shares Issued 210,125,411
Last Close 6/20/2018 $12.44
Thursday June 21 2018 - In the News
The Financial Post reports in its Thursday, June 21, edition that cannabis stocks have crashed and boomed over the past year. The Post's David Dias writes that while legalization may mean they are not as speculative as they were even a few days ago, analysts warn that investors looking to get into the game should be screening for key traits. PI Financial analyst Jason Zandberg says investors need to be exceedingly careful in this kind of market. He believes the number of producers jockeying for position will unavoidably lead to a glut within three years, so we are bound to see a period of consolidation. He says: "I don't think it's too late, but I do recommend that investors be very selective. If you look at any developing industry, there tends to be a shakeout that happens and the winners emerge." Graeme Kreindler at Eight Capital concurs and says investors should be focused on producers with leading levels of inventory, supply agreements with provinces or other viable channels. Canopy Growth, Aphria and Aurora Cannabis are all obvious contenders to become industry leaders, but Mr. Zandberg has OrganiGram Holdings and Cronos Group are his top picks.
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