Pot stocks perk up premarket; Aphria beefs up leadership position in Germany
Feb. 8, 2021 9:19 AMAphria Inc. (APHA)ACB, HEXO, TLRYBy: Mamta Mayani, SA News Editor
Aphria (NASDAQ:APHA) announces that Chief Strategy Officer, Denise Faltischek, will also assume the role of Managing Director of Aphria Germany, effective January 23, 2021.
She will report to Irwin D. Simon, Aphria's Chairman and CEO. Ms. Faltischek joined Aphria in September 2019 with extensive consumer-packaged goods experience and expertise leading over 50 acquisitions.
Pot stocks are higher this morning: Aurora Cannabis (NYSE:ACB) +3.4%, CIBC raised its price target on Aurora Cannabis to C$17 from C$15; Hexo (NYSE:HEXO) +3.3%; Tilray (NASDAQ:TLRY) +3.3%; Canopy Growth (NYSE:CGC) +0.6%; Cronos Group (NASDAQ:CRON) +1.6%; OrganiGram Holdings (NASDAQ:OGI) +8.1%.
Cannabis stocks have rallied over the past week as $7B GW Pharma deal spurs interest in weed and its medical benefits.
Cannabis companies have stronger fundamentals that will drive the sector higher over the next five years, says Ted Waller in his SA article, The New Dawn In Cannabis Has Arrived.
