Will the price of Aphria Inc shares recover?
Aphria Inc. was established in 2011 and is based in the Canadian province of Ontario. Its founders include John Cervini, who left his family's greenhouse tomato and pepper business to start Leamington — the company that would eventually become Aphria. Cervini entered the industry directly from traditional agriculture and thus had no experience when it came to cannabis cultivation. Today, he is worth an estimated $145 million.
Aphria Inc. was granted a license for the production and sale of cannabis for medical use in 2014 and, in 2015, it became a wholesale supplier to the Canadian market. More recently, the company announced plans to enter the US market (as well as several other markets across the Americas), also stating its intent to launch operations in Germany.
Unlike many of its competitors, Aphria Inc.'s cannabis is grown under natural sunlight as opposed to artificial lights.
The company's shares are listed on the NYSE under the ticker symbol APHA. At present, the company's market capitalization stands at $3.7 billion.
Following their mid-September peak of $16.5, its shares are went down to $8.8 a piece. Following the trend that was observed across the whole industry, Aphria Inc.'s shares received a huge boost from Canada's legalization of cannabis for recreational use in June of this year.
Not financial advice. The content of this article is provided by Libertex for general information and educational purposes only. It does not constitute investment advice, investment research, a personal recommendation, or an offer or solicitation to buy or sell any financial instrument or other asset. It is general in nature and is not tailored to any individual reader, so it cannot account for your personal circumstances, financial situation, knowledge, experience, or investment objectives. Any decision to act on this content is taken at your own discretion and risk, and you remain solely responsible for assessing whether a product or strategy is right for you and for seeking independent professional advice where appropriate.
Risk warning. Trading in financial instruments and other assets, particularly leveraged products such as CFDs, is complex and carries a high risk of losing money rapidly. Leverage magnifies both gains and losses, so small market movements can lead to disproportionate losses. The value of the assets referenced may rise or fall, and you may lose your entire invested amount. Past performance is not a reliable indicator of future results. The use of artificial intelligence, algorithms, automated strategies, or any other analytical tool in trading does not guarantee any particular outcome, does not eliminate risk, and does not replace your own judgement — you remain fully responsible for assessing every instrument, strategy, and decision, and for the results of your trading.
Why trade with Libertex?
- Get access to a demo account free of charge
- Receive live technical assistance 5 days a week, 24 hours a day
- Enjoy leverage of up to 1:500
- Use a platform for any device: Libertex and MetaTrader 4 and 5
- Pay zero commission on withdrawals in Latin America
- Benefit from up to $500 protection on your first trades with Negative Trade Protection