Aphria Inc (fka APHA)

[CornellEngineer]

I respectfully disagree, John. Even though Aphria has big legitimate operations in Canada and put the 3rd largest amount of pot on the shelves since legalization I think maybe you are underestimating the role that trust in a company's management plays in future share appreciation. A company loses that and much of the intrinsic value of a stock plummets...and that is exactly what we've been seeing since Monday morning. It's gonna be mighty tough to get that back, IMO.

Also, I've seen you make some references to the fact that Aphria is already making profits. I don't think that is quite accurate...

The Legal Way Canadian Marijuana Stocks Are Tricking Investors

https://www.fool.com/investing/2018/10/18/the-legal-way-canadian-marijuana-stocks-are-tricki.aspx

As for Aphria, in its latest quarterly operating results, it reported CA$13.29 million in sales and just over CA$4.8 million in production and "other" costs. However, operating expenses totaled a whopping CA$24.12 million, leading to a nearly CA$16 million operating loss if biological adjustments are excluded.

Now I'm not saying that Aphria is lying here...apparently many/most pot companies are legally "cooking their books" to make them look profitable when they really aren't. Just wanted to make you aware that Canadian accounting rules are not as strict as the US ones that used to govern American companies. Although lately even US firms have taken to some pretty shady shenanigans that are starting to stray further and further away from the tougher GAAP guidelines...

https://www.marketwatch.com/story/sec-is-once-again-guiding-companies-on-their-use-of-non-gaap-numbers-2017-10-18

There's a lot of bad crap happening out there...Aphria just so happens to be in the crosshairs right now.