This week we saw a blockbuster deal strike in the marijuana stock market.
Aphria (NASDAQOTH:APHQF) announced a blockbuster five-year partnership with Shoppers Drug Mart, which is part of the Loblow Companies. The deal will allow Aphria to supply its roughly 1,300 Shoppers Drug Mart and Pharmaprix locations with dried cannabis for online purchase nationwide.
However, dried cannabis isn’t allowed to be sold inside physical pharmacy locations so this will be an online-exclusive.
“We have an impeccable record cultivating and producing high-quality, medical-grade cannabis. These traits make us a strong partner for an organization looking to serve and support Canadian patients” Aphria CEO Vic Neufeld said.
Aphria is becoming a juggernaut in marijuana stocks. In the midst of $100+ million four-part expansion that could yield approximately 100,000 kilograms of dried cannabis annually.