Aphria – Structure & Current State – 04/18

I’ve never run Aphria through the ‘ol mollytime Number Crunching Machine© . The benefit of havingu/GoBlueCdn on speed dial - he’s been on their ops for awhile. Our sub has a lot of followers of these guys: likely attracted by low cost, EBITDA positive sales, and dreams of international expansion - under a balance sheet that isn’t loading G&A like a starving man at an all you can eat buffet - is a bit of a rarity in the industry. Yet still….. a gap to profitability exists. Let’s take a run through the financials, and see if there is anything lurking under Vic’s capital…

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