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Nov. 1, 2019, 6:03 p.m. EDT

Weed-producer Aphria granted cultivation license at Diamond facility

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By Max A. Cherney

Health Canada updated its website late Friday to say that it had licensed Aphria Inc.'s /zigman2/quotes/207425803/composite APHA +1.54% /zigman2/quotes/205566616/delayed CA:APHA +1.62% Diamond facility for cultivation. Aphria stock gained more than 1% during the extended session after regulator's website updated with the new license. Aphria has said that its Diamond facility, a joint venture with greenhouse operator Double Diamond Farms, is expected to reach more than 100,000 kilograms of capacity after approval. Aphria announced the partnership in January 2018, and initially said it expected the facility to be operational in 2019, pending Health Canada approval. Aphria stock has dropped 55% in the past year, as the ETFMG Alternative Harvest ETF /zigman2/quotes/204332491/composite MJ +0.32% , which tracks a basket of weed stocks, has fallen 38%.

/zigman2/quotes/207425803/composite
US : U.S.: NYSE
$ 5.27
+0.08 +1.54%
Volume: 6.65M
Jan. 17, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.33 billion
Rev. per Employee
$147,410
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/zigman2/quotes/205566616/delayed
CA : Canada: Toronto
$ 6.88
+0.11 +1.62%
Volume: 3.27M
Jan. 17, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.74 billion
Rev. per Employee
$190,843
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/zigman2/quotes/204332491/composite
US : U.S.: NYSE Arca
$ 18.75
+0.06 +0.32%
Volume: 955,639
Jan. 17, 2020 8:00p
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