Aphria Inc (fka APHA)

[FUNMAN]

Over supply has been widely reported. Canopy particularly can supply the entire country for something like two years with inventory they are likely going to destroy.

Lot's of cannabis companies managed to produce too much product and they are stuck with it.

Some are panicking, dropping prices, mothballing cultivation facilities, cutting staff, and running out of cash. Sounds like ACB, HEXO, and Tilray just to name three.

Those are their problems and I'm not invested with them.

Aphria sold more than all of them, and still had to buy product from a 3rd party to satisfy demand.

Aleafia cancelled a supply agreement with Aphria because they couldn't deliver.

Like Aphria, little known Aleafia is selling out of everything they can produce.

So the overall sector might be in trouble, but certain companies within the sector are executing on their business plans, making profits, are positive EBITDA, and or have a clear path towards profitability measurable in months, not years.

Even little The Valens Company is profitable and doing a share buyback. They are the first in the industry.

So there are good companies not suffering from the problems of others.

Not really a negative point. Someone else posted about a possible glut.

Just trying to be objective. - 'Spartan'