Why 2020 Will Be A Good Year For Aphria [The Motley Fool]
Aphria Inc. (APHA)
Last aphria inc. earnings: 4/14 09:00 pm
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Source: The Motley Fool
Why 2020 Will Be A Good Year For Aphria Aphria ( NYSE:APHA It's doubling its capacity Earlier this month, the company obtained a cultivation licence for Aphria Diamond, a subsidiary that Aphria owns % of, with the remainder being owned by Double Diamond. The greenhouse has production space totalling ,00,000 square feet and can grow 0,000 kg of cannabis per year. This will bring Aphria's total production space to ,00,000 square feet, and its annual cannabis production will now be able to reach ,000kg. But it's not just production capacity that investors should be excited about, it's that that location has "industry-scale automation technology." The automation will be able to handle many tasks including transporting plants, trimming, waste disposal, and many others. For a low-cost producer like Aphria, this is a great way for the company to bring its costs even further down in price and adding to its margins along the way. Image Source: Getty Images. And there's definitely a need for pr
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