I have this clipping:
"But the bigger news, for mine, is hidden away in the bottom of that news release, as it pertains to Aphria taking a 7.4% equity stake in Cannabis Royalties for $1.5 million.
Who is Cannabis Royalties? Former Head of Capital Markets at Dundee, Marc Lustig, is Cannabis Royalties. He’s been cooking this little goulash up since late 2015, making quiet moves on the private side to acquire a piece of solid outfits that genuinely work in concert together in the non-growing end of weed – including extraction, delivery systems and IP.
Aphria’s investment is key to CanRoy’s plans, being as that company is looking to move quickly into extractions, while the aggregator will have much need for a good source of grown product.
I have hinted that an MMPR player was looking to take a stake in a new player that will be big, and this is it. The ‘big’ part of that story is yet to come, but it’s coming. Lustig isn’t messing about.
Neither is Aphria. Check out their recent financials and you see a story that has totally shifted gears into a place that all others should be mirroring. They’ve jacked up their quarterly reves from $2, to $2.6m, they’ve hit break-even, they brought in that fat financing for growth and acquisitions, they negotiated their piece of Cannabis Royalties, EBITDA was $400k, compared to a $600k loss in the quarter a year before."
7.4% Stake:
That is supposed to be a HUGE IPO next week.
Aphria Stock Price will definitely go up on this News!
Thank You indeed Sunny 3999!
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