Research analyst Matt Clark has been researching your requested cannabis stocks and running them through Adam O’Dell’s Green Zone Ratings system. And he’s back with a brand-new Marijuana Market Update video!
To start, we appreciate those of you who have left comments on our YouTube videos and have written in to request that Matt cover your favorite cannabis stocks!
This week, we’re covering a stock from a request on YouTube: Aphria Inc. (NYSE: APHA).
About Aphria Inc.
Based in Ontario, Canada, Aphria researches, cultivates and distributes cannabis in 11 countries.
And the company is innovating with medical marijuana and “adult-use” recreational cannabis.
Aphria has worked with the Massachusetts Institute of Technology and McMaster University to develop cannabis “patches” and fast-dissolving oral strips.
In July, the company’s stock reached a “golden cross” — where its 50-day moving average crosses above its 200-day moving average.
Normally, this suggests a short-term upward momentum swing.
But that didn’t happen with Aphria stock, as you can see in the chart below.
APHA Golden Cross
As you can see, Aphria stock is up over 100% from its March low. However, its most recent quarterly earnings halted the momentum, and the stock fell 19%.
So, in Matt’s new Marijuana Market Update, he digs into the earnings report, how the stock ranks according to Adam O’Dell’s Green Zone Ratings system and more — to help you figure out whether the recent fall is a buying opportunity.
Now, be sure to watch the video above to find out about:
- What analysts see for Aphria stock’s future.
- The stock’s Green Zone Rating.
- And whether the stock is a buy today.
Finally, stick around until the end of the video to catch updates on two stocks Matt covered in recent Marijuana Market Updates: GrowGeneration (Nasdaq: GRGW) and Innovative Industrial Properties Inc. (NYSE: IIPR).
As always, if you have any questions for Matt, or if there’s a stock you’d like him to run through Adam’s Green Zone Rating system, be sure to send an email to firstname.lastname@example.org — or leave a comment on the video!
And to make sure you catch Matt’s Marijuana Market Updates as soon as he posts them, subscribe to our Money & Markets YouTube channel!