Aphria is trading at just 2.7 times its enterprise value
to revenue (EV/R), whereas Aurora, Canopy Growth, and HEXO are trading at 10.5, 14.7, and 12.6 times EV/R, respectively. Lets take the average EV/R of roughly 12.6, that is a share price of roughly over 22.50 USD. Of course this is napkin math, but, even an EV/R of 10.7 is 20.00 USD share price for Aphria.