uploads///

Checking Up on TLRY, IIPR, APHA, and Other Cannabis Stocks

By

Apr. 17 2019, Published 1:58 p.m. ET

Tilray muted

On April 17, Tilray (TLRY) remained muted, with the stock almost flat as of noon. The stock remained depressed as the overall cannabis industry has slumped in April. Innovative Industrial Properties (IIPR) was also trading lower. It fell 2.1% around noon.

Article continues below advertisement

Aphria declines

Aphria (APHA) resumed its decline after it reported earnings on April 15. The stock took a beating after it missed analysts’ estimates. The stock was trading down 5% around midday. Early this morning, Cormark Securities cut its price target on Aphria to 14 Canadian dollars from 15 Canadian dollars. However, the consensus price target for Aphria rose to 16.9 Canadian dollars from 16.8 Canadian dollars following its earnings release. The company was optimistic about its growth prospects. During its earnings call, Aphria’s Interim CEO, Irwin D. Simon, stated that the company is working on attaining 1 billion Canadian dollars in sales by 2020.

Check out Irwin Simon Says Aphria Will Hit 1 Billion in Sales by 2020.

Other cannabis stocks (MJ) trading in the red include Supreme Cannabis (SPRWF), which fell 2% in the first half of today’s session, and KushCo Holdings (KSHB), down 1.1%. Emerald Health (EMHTF), on the other hand, inched up 1.4% around midday.

Advertisement

More From Market Realist

  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.