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Volume! Nearly 1 Mil in first 10 minutes - its getting real ...love it esp with this profitability and low float
Some good green volume today- let's get 1.5 mil+ and keep grinding to 6 by end of this month...just 2% a day on avg will get us there...
Agreed. After the post earnings drop I bought the Jan $5 and $5.50 calls. APHA is on right track and as whole CA market improves and bad ones die out, they will grind higher.
Right - and that case (federal law) may be addressed in 2 weeks
Honesty check: what is the strongest bear case against VFF? Serious question since I am deeply invested and want to see what I am missing...
VFF poised for new Tilray-like pop... Low float, NASDAQ, leading seller with rapidly growing outlets, International partnerships, US exposure and potential, leader in taking down illegal market. Now they need to borrow Trulieve's marketing and social media team and make Mike as nice as Kim Rivers :)
PSF closes this month. Q2 earnings will still reflect 58% ownership, but should help guidance on earnings call around Nov 15ish.
"The Pure Sunfarms Transaction, which is subject to customary closing conditions, approval by Pure Sunfarms' and Village Farms' lenders and approval by Emerald shareholders, is expected to be completed in late October 2020. Upon completion of the Pure Sunfarms Transaction, the existing Pure Sunfarms shareholders agreement between Village Farms and Emerald will terminate, Pure Sunfarms' management and employees will become part of the Village Farms organization and Village Farms will immediately begin fully consolidating the financial results of Pure Sunfarms. With the date of closing of the Pure Sunfarms Transaction expected to occur after conclusion of Village Farms' third quarter of 2020, Village Farms' financial results for the three and nine months ended September 30, 2020 will continue to reflect Village Farms' 58.3% ownership of Pure Sunfarms as an investment in a joint venture." http://villagefarms.mediaroom.com/2020-09-08-Village-Farms-International-to-Acquire-All-Pure-Sunfarms-Shares-it-Does-Not-Currently-Own-Will-Own-100-of-Canadas-Premier-Cannabis-Supplier-Upon-Completion-of-Transaction
VFF annual meeting was in June right? Is there a special meeting later this month?
I'm looking to add Jan $5, $6, $7 calls today and early next week on drop in SP and vol after earnings. I am most encouraged by the nice growth in CA rec and the fact Ontario is opening so many more stores each week. Most of that not reflected here yet. Hope to get insight into Germany and why the CC drop in rev. CC Pharma rev has really helped past Q but hurts this Q.
earnings - earnings beat, rev miss. Increased rec cannabis sales strong sign. Bulls and bears will both enjoy this one I think. https://aphriainc.com/gross-revenue-in-first-quarter-fiscal-year-2021/
I hope everyone took profits - 40-50% gains over the past two weeks from 4.20 to 6.20s. That's really a nice move. I sure hope it holds, but I think it would take a beat and raise without an inventory or other asset write down.
Well- weakness was not inspiring today. I'm partially hedged with Oct 23 $5.50 puts. We will see what happens tomorrow. I'm hoping for a beat and raised (renewed) guidance and that will allow my puts to expire worthless over the next 8 days. Go Apha!
Getting close to the 6.44 for you. Volume profile on the chart looks like there is a lot to chew through from 6.40 to 7.50 where it traded from April-Sept of 2019. You aren't the only one with costs around this level. If we can push through to 7.50+ by end of week and good earnings, then who knows.
52 week high; Nice run this AM - go APHA - breakout on good volume - let's get into that 15, 18, 20mil volume today...
More run up this week? Or did we get it all last 10 trading days?
Lot of US politics for a CA MJ company. I have some very sharp opinions on all this as well, and will do everyone the favor of not sharing them here.
note sure- the report was not APHA - which is good
short attack? - is APHA target of Grizzly report dropping at 10am? If so I hope they go after them with the Trulieve them
Yep-all over CNBC last night and this AM - that helps awareness.
Big green Volume! 1.5 mil in 15 min... run APHA, run
That was great. No pushback either.
Agreed Funman - it has some good plausibility and with the short window between earnings and now, but if you get good pops, be smart and take some off. I don't mind trading rumors, but I don't invest in them.
Rumors on twitter and elsewhere of Canopy buyout of APHA - see Betting Bruiser on twitter. Also earnings coming in 9 trading days and the run last time pre earnings was sweet. These 4.50, 5, and 5.50 Oct 9 and Oct 16 options are screaming...
I've been accumulating Nov calls along with APHA Oct 9 and Oct 16. Let's pop...
the offering is at $18.58 US so I expect some temporary pullback and my guess is $19 to $19.50. But for a very short time :) I love this move.
And AdAstra supply deal - Ad Astra 20 mil over 6 months. Am I mistaken that just this deal alone represented a 10% increase in our overall sales (perhaps less now that we own all?
Maybe APHA and ACB will work things out after seeing VFF not sitting on their hands. (Plus there was another small acquisition in MSO today with Columbia Care.) it’s M&A season... Time to announce the merger now that ACB has let the world know how much they need APHA. 1.8 billion in write downs in their earnings later this month!? They should pay AHPA to take them over and teach them how to run an MJ co.
$17 target value from the Raymond James note the other day and the assumption was $100 million in financing and 13% market share in CA. Raymond James note
Instead we got it for $50 mil raised and CEO is clear on heading to 20% share which would target $27 (or higher.) I don't see this staying under $6 very long and I like my 5, 6, and 8 calls a lot right now. Go village.
Awesome - lets go!
7 mil vol is >15% of the float. I don't think that is a short attack but others may know better if it is possible to borrow at this scale for a hard to borrow, low float stock.
Second highest green vol day ever already (most in past 20 minutes) - lets get to $6 and get past the 5.8mil on May 22.
WOW- huge vol spike - Institutional accumulating. Highest vol by far since spike in May - go VFF
Erpy - any thoughts/analysis on % increase from Astra deal?
New agreement is 20%-25% increase in sales revenue? 20 mil over 6 months, annualized to 40 mil and we do 45mil/quarter? That seems really good. Lets sign a few more of those at scale
Now lets trade like Trulieve too... some dollar gain days ahead please?
117.5m US right on heels of Trulieve (120.8) and Green Thumb (119.6) and on the call the CFO gave guidance for $190-200m for Q3. That seems like a wow as they slingshot to #1 rev by a long shot.
Horrible day. Looks like the disappointment that earnings did not shoot us over $7 will have us testing the 100MA in 4.60s tomorrow or soon. 4.60 was also our recent lows late June. Vol somewhat high, but not close to the strong buying in May four days over 2 mil up to 5.8mil. More patience and may have to add to my Jan calls...
Cheers once again Trulievers! Have a great weekend. Wow.
Funman - GTBIF is still building out grow ops in Ohio, PA and NJ and I assume that is part of the net loss this Q. I like the position when NJ votes to go legal in November and all bordering states will have to follow.
I'm shamed to admit that I wouldn't mind a drop to buy more. Also, love the timing of the expungement week press release from the best MJ CEO, a smart female lawyer, the same day as the pick of a smart female african american woman lawyer for VP... Kim is playing three+ dimensional chess and will be a national leader/partner in the new administration. That will make the next 4 years even brighter.