APHRIA INC COM NPV (OTCMKTS:APHQF) shares were swept up in cannabis pricing on the eve of the election rallying through the $3.00 level on big volume. The entire industry, (unbeknownst to many) was being bought across the board as the Trump team prepared to take office. This unlikely scenario cloaked the accumulation that was happening in cannabis stocks as the world digested the shocking reality of a Trump administration.
A look at the chart shows Aphria tending higher over the next few quarters and topping into April as a bona fide trend in the sector has taken hold.
APHRIA INC COM NPV (OTCMKTS:APHQF) recently announced plans for the joint distribution of dried medical cannabis in the maritime provinces and Quebec along with Tetra Bio-Pharma Inc. Tetra and Aphria will enter into a joint supply agreement, with Aphria supplying dried medical cannabis under its ACMPR license, and Tetra packaging the product using the manufacturing process developed for its in-progress clinical drug trial for PPP001.
Formulation and packaging will be completed by Tetra, under its CDSA dealer’s license, at its New Brunswick facility. Based on the success of the venture, Tetra and Aphria may expand into other provinces. The venture is preparing to initiate its commercial operations early summer 2017 with revenues commencing in Tetra’s third quarter of 2017 and Aphria’s first quarter of 2018.
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