APHRIA INC COM NPV (OTCMKTS:APHQF)
APHRIA INC COM NPV (OTCMKTS:APHQF) is a Canadian-based Health Canada Licensed producer of medical cannabis products that exclusively grow their pesticide-free plants in greenhouses. Shares of the company are also listed on the Toronto Stock Exchange under the ticker symbol APH. Aphria believes this approach delivers a product that is more consistent, safe, and effective. In addition, Aphria provides personnel to assist consumers in their Patient Care Team.
APHRIA INC COM NPV (OTCMKTS:APHQF) boasts on their website that the patient care was given a #1 ranking for 2016. The company does make purchasing easy. They have an online registration process and offer free next-day delivery on orders of 30 grams or more. However orders shipped outside of Ontario may take longer. This ease of use extends to healthcare professionals as well. After the patient registers, the healthcare provider competes the required medical document which will include dosage information. At that point Aphria’s Patient Care Team contacts the patient within 48 hours and the patient may place an order over the phone or online.
APHRIA INC COM NPV (OTCMKTS:APHQF) offers over 18 cannabis related products and provides the THC and CBD level of each on their website. They also have a high-quality cannabis oil product that is extracted using CO2 extraction which they claim helps preserve the purity and safety profile.
APHRIA INC COM NPV (OTCMKTS:APHQF) is Canada’s first licensed medical cannabis producer to report positive cashflows and earnings in consecutive quarters. That claim helped them decide to raise over $100 million in a deal that was announced last week. $75 million will be in the form of a public offering and $25 million will be debt financing with a five-year term. The equity portion of the deal is “bought” which means that the underwriters are guaranteeing the equity capital raise. Clarus Securities is acting as the underwriter. The deal will comprise of 11,538,480 shares at $6.50 per share of APHRIA INC COM NPV (OTCMKTS:APHQF) . Importantly, the equity offering is not registered in the USA and shares will not be available to U.S. investors. Proceeds from the equity offering and the new debt will be used to complete the final stage of the company’s four-part expansion plan.
I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.
About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.