As we have documented extensively, the path to domination in the cannabis patch as we plot a path toward complete legalization in Canada will be, for even the big players such as Aphria Inc (OTCMKTS:APHQF), about market share warfare. With the stock rooted in its 3-month trading range, investors and traders are looking for the next catalyst to break this pattern of lateral movement. One interesting candidate for such a shift is the company’s latest move to tap into a new market.

Specifically, the company just announced that it has signed a Memorandum of Understanding with the British Columbia Liquor Distribution Branch to provide a portfolio of high-quality, branded cannabis and cannabis derivative products for sale in BC’s adult-use market. According to the release, “Under the terms of the MOU, Aphria will supply more than 5,000 kg of high-quality cannabis in the first year of the agreement, which will be made available for sale online and at licensed retailers across the province. Adult-use consumers will be able to choose from a wide-ranging selection of Ontario and BC dried flower, pre-rolls and cannabis oils from the Company’s portfolio of adult-use brands.”

Aphria Inc (OTCMKTS:APHQF) bills itself as a company that produces, supplies, and sells medical cannabis in Canada. Its cannabis products include dried flowers and cannabis oils. APHQF sells its products through its online store and telephone orders, as well as MMPR licensed producers.

The company offers sativa, indica, and hybrid medical marijuana products, as well as cannabis oils. It also provides support services in the form of medical consultations, group therapies, and rehabilitation to veteran and first responders.

FREE CONFIDENTIAL REPORT 3 Stocks Set To Soar By October 1st, 2020 SUBSCRIBE! You have Successfully Subscribed!

The company sells its products through its online store or phones, as well as engages in the wholesale shipping of medical marijuana plant cuttings and dried buds to other licensed producers. Aphria Inc. is headquartered in Leamington, Canada.

According to press materials, “APHQF is one of Canada’s lowest cost producers, produces, supplies and sells medical cannabis. Located in Leamington, Ontario, the greenhouse capital of Canada. APHQF is truly powered by sunlight, allowing for the most natural growing conditions available. We are committed to providing pharma-grade medical cannabis, superior patient care while balancing patient economics and returns to shareholders. We are the first public licensed producer to report positive cash flow from operations and the first to report positive earnings in consecutive quarters.”

Find out when $APHQF reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

As noted above, recent action has seen basically flat action for share values of the company over the past month of action. What’s more, the company has seen interest climb, with an increase in recent trading volume of 10% beyond what we have been seeing over the larger time frame.

“We’re incredibly proud that the BCLDB has selected our fantastic range of products and brands to be sold at the province’s licensed retailers starting on October 17,” said Jakob Ripshtein, Chief Commercial Officer at Aphria. “Both long-time enthusiasts and newcomers to cannabis will find that our adult-use brands and products, which include locally-grown and celebrated BC-bud from Broken Coast Cannabis, have been thoughtfully developed to meet distinct consumer needs and interests. We are thrilled to provide adult-use consumers in B.C. the opportunity to discover our brands, and to help ensure that there is an adequate supply to meet the anticipated demand in the province.”

Currently trading at a market capitalization of $1.88B, APHQF has a significant war chest ($119.4M) of cash on the books, which stands against about $8.6M in total current liabilities. One should also note that debt has been growing over recent quarters. APHQF is pulling in trailing 12-month revenues of $30.6M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 100.6%. This may be a very interesting story and we will look forward to updating it again soon. Sign-up for continuing coverage on shares of $APHQF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $APHQF, either long or short, and we have not been compensated for this article.