weed companies: Earlier Friday, Bloomberg News reported that Aphria Inc, according to Market Watch. Chief Executive said his company was eyeing the bloodied bits of the company and investors on social media also said Supreme Cannabis Co. and Aleafia Health Inc. were also in the mix of companies looking to make an acquisition. With ongoing investigations by the Ontario Securities Commission, Health Canada, and the country's criminal investigative unit, the Royal Canadian Mounted Police, weed companies are betting that one or all of the probes will leave Cann Trust CTST, 4.13% a broken company with production assets that can be snatched up at garage sale prices. Supreme Cannabis and Aleafia Health did not immediately return several calls requesting comment. Aphria APHA, 40.96%APHA, 40.14% said it had net income of C 15.8 million 11.9 million or 5 cents a share, compared with a loss of C 5 million, or 43 cents a share, in the year-ago period. Aphria U.S.-traded shares closed up 41% Friday to lift the broader cannabis sector, after the Canadian company posted a surprise profit for its fourth quarter and offered upbeat guidance for fiscal 2020.
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