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19.11.2019 12:00:00

Why 2020 Will Be A Good Year For Aphria

Aphria (NYSE: APHA) has struggled over the years to generate strong returns for its investors. In two years, the stock has fallen by more than 25% and while there have been some good peaks during that time, they've often been short-lived and followed by big declines. In 2020, however, things definitely look a lot stronger for Aphria as there are many reasons why the stock could be a good buy heading into the new year.Earlier this month, the company obtained a cultivation licence for Aphria Diamond, a subsidiary that Aphria owns 51% of, with the remainder being owned by Double Diamond. The greenhouse has production space totalling 1,300,000 square feet and can grow 140,000 kg of cannabis per year. This will bring Aphria's total production space to 2,400,000 square feet, and its annual cannabis production will now be able to reach 255,000kg. 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. Continue reading
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