Aurora Cannabis Acquire Aphria Aphria has been battling with allegations over its Latin American acquisition and takeover talk was ignited after Green Growth’s proposed bid.
Aurora would benefit from Aphria’s best-in-class Canadian asset and business profile, but too much capacity and tainted reputation would deter it from making a move.
At the end of the day, we think there is a decent chance that Aphria could attract interests from cannabis companies around the world. Read More Seeking alpha
Should You Own Aurora Cannabis Inc. (TSX
:ACB) and Aphria Inc. (TSX :APHA) Stock in Your Portfolio in 2019?
Aurora Cannabis (TSX:ACB)(NYSE:ACB)
Aurora Cannabis stock was down 41.9% month over month as of close on November 15. The turbulence in October and November pushed the stock into negative territory for the year. Aurora released its fiscal 2019 first-quarter results on November 12.
Aphria stock had dropped 31.9% month over month as of close on November 15. Shares were also down 27% in 2018 as of this writing. This plunge has still failed to drop Aphria into oversold territory, at least as far as its RSI indicator is concerned. It was still above 40 after Thursday’s close.
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