Where Will Aphria Be in 1 Year?
Investors have long known Canadian marijuana producers Aurora Cannabis (NYSE: ACB) and Canopy Growth (NYSE: CGC) as among the leading names in their industry, given their rapid expansion after Canada legalized recreational cannabis in October 2018. However, last year was pretty rough for both companies, bringing a series of headwinds that made it impossible for them to achieve profitability.
Regulatory delays slowed the openings of new legal cannabis stores through which they could sell their products. Unregulated sellers from an expanding black market also took a toll on the companies' revenues. And both companies' problems were exacerbated by the consequences of their rash, haphazard, and expensive efforts to expand too fast, too soon.
By contrast, cannabis producer Aphria (NASDAQ: APHA) has been taking advantage of current conditions to establish its name in the space with an asset-light approach. Selling products under the Aphria, Broken Coast, and Solei brands, it is the only Canadian pot company to have reported five consecutive quarters of positive EBITDA. Let's examine how Aphria could look one year from now.
Source Fool.com
