Cannabis Watch: Aphria stock boosted by news of certification that will allow the Canadian company to ship medical cannabis to the EU [MarketWatch]
Aphria Inc. (APHA)
Last aphria inc. earnings: 4/14 09:00 pm
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Source: MarketWatch
Aphria stock boosted by news of certification that will allow the Canadian company to ship medical cannabis to the EU Aphria Inc.’s U.S.-listed shares rose about 3% Tuesday, after news that the company has achieved GMP status in the European Union, clearing the path for it to start selling medical cannabis to pharmacies in Germany and other countries. The GMP certification—the acronym stands for Good Manufacturing Practices—is key for the company to access EU markets. Aphria APHA, +3.33% APHA, +1.14% expects to start its first shipments in the fourth quarter of fiscal 2020. The company has a June-to-May fiscal calendar. Jefferies analyst Owen Bennett said that the move may drive upside to his bullish estimates for Aphria, which remains his top pick among Canadian cannabis companies following its second-quarter earnings released last week. The stock fell immediately after the numbers were released as it posted yet another loss and revenue that rose sharply but still missed conse
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