We recently toured both Aphria’s and Canopy Growth’s primary facilities in Ontario. This is Part 1 of our two part series. This 42-slide presentation includes detailed estimated cost breakdowns of Aphria’s energy, labour, TFW program, oil extraction, product and other costs. Our 5-hour tour included examining both Aphria One and Aphria Double Diamond. https://drive.google.com/file/d/1PVqulah2GYJUgKJA7cbLxJ4jwpCKv3m8/view?usp=sharing
WEED.TO
3 posts
This 20-page powerpoint slide deck in PDF form outlines our quick takeaways from last week’s cannabis news. This includes Aphria’s fiscal Q2/19 results, the takeaway from Constellation Brands earnings release, Peter Thiel’s announcement and Friday proving out a bull case as to why Tilray continues to trade somewhere North of 35x Price/Book Value.
In this report, we compare key metrics between Aphria and Canopy Growth, two of the largest licensed Canadian marijuana producers. Our fiscal 2019 EBITDA estimate for both companies are dozens of millions of dollars below the lowest sell-side estimate. In our discussions with those in the industry and analysis of the market, we believe our estimates will end up being closer to actual reported figures. We believe Aphria’s share price will increase (or decrease less) versus Canopy’s beginning from July 14th 2017 to the average last ten trading days closing price in October of 2019. The stock call is good […]