How to Buy Aphria Inc. (APHA) Stock

Share to Linkedin Share to Twitter Share to Facebook Share to Print More
Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more.

Jump straight to Webull! Get real-time market data, analysis tools and $0 commissions.

Symbol Company % Change Price Invest
APHA Aphria
+ 0%
$13.59 Buy stock

Aphria Inc. is a small Canadian cannabis producer with big aspirations. As social attitudes and governmental regulations surrounding cannabis change in the United States, the sector could provide plenty of unique investment opportunities.

Interested in an investment in cannabis? Learn how to buy Aphria Inc. stock today.

How to Buy Aphria Inc. (APHA) Stock Summary:

The basic steps to invest in Aphria are the same you can follow to buy any stock. You can buy stock in 3 simple steps, but each requires multiple decisions as you determine your needs and limits.

  • Choose a broker: In order to purchase shares on the open market, you’ll need a brokerage account to complete the transaction. Before choosing a broker, you’ll need to determine your trading goals and make sure the firm is a good fit.
  • Fund your account: In order to buy shares, you’ll need to get money into your account. If you’re looking to buy shares right away, make sure your broker has an instant deposit feature that will let you trade before your cash settles.
  • Locate and buy APHA shares: Aphria Inc. is a commonly-traded stock, and you should have no problem finding shares from any online broker right now. Purchase your desired amount of shares using a limit order to make sure you get a price close to your ideal entry point.

How to Buy Aphria Inc. (APHA) Stock

The cannabis trade is flying high, and Aphria Inc. has been a major beneficiary. Despite enlisting only 1,200 full-time employees near the banks of Lake Erie, Aphria has become a household name in the marijuana sector thanks to its explosive stock growth.

Buying a stock that will inevitably encounter regulatory hurdles will always carry risk. Cannabis laws and mindsets are far more relaxed in Canada than the U.S. And while the path to federal legalization is clearing, there’s no guarantee on a timeline. Know the risks with these types of securities, whether you’re trading for long-term growth or short-term speculation.

Step 1: Pick a brokerage.

Your first step is to choose a brokerage to host your account. Online brokers have completely dropped commissions on equity trades, so you’ll be able to purchase APHA shares for free pretty much anywhere. 

Choose a brokerage with a vision and platform that best suits your trading goals. Most will have a demo version with a paper trading account, so take the platform for a test spin before signing up for the real thing. 

Online brokers also sometimes offer special perks like deposit bonuses for new clients, so check out the promos before completing your account application.

Best For
Intermediate Traders and Investors
Overall Rating
Get started securely through Webull’s website
Best For
Intermediate Traders and Investors
1 Minute Review

Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.

Webull is widely considered one of the best Robinhood alternatives.

Best For
  • Active traders
  • Intermediate traders
  • Advanced traders
  • Commission-free trading in over 5,000 different stocks and ETFs
  • No account maintenance fees or software platform fees
  • No charges to open and maintain an account
  • Leverage of 4:1 on margin trades made the same day and leverage of 2:1 on trades held overnight
  • Intuitive trading platform with technical and fundamental analysis tools
  • Does not support trading in mutual funds, bonds or OTC stocks
Best For
Overall Rating
get started securely through Robinhood’s website
Best For
1 Minute Review

Robinhood is the broker for traders who want a simple, easy-to-understand layout without all the bells and whistles other brokers offer. Though its trading options and account types are limited, even an absolute beginner can quickly master Robinhood’s intuitive and streamlined platform. On the other hand, more advanced traders might be frustrated by Robinhood’s lack of technical analysis tools, a feature that’s now nearly universal across other platforms.

Best For
  • Beginner traders
  • Mobile traders
  • Streamlined, easy-to-understand interface
  • Mobile app with full capabilities
  • Can buy and sell cryptocurrency
  • Almost no trading analysis tools available
  • Only taxable brokerage accounts available
  • No option to open a retirement account
  • No access to mutual funds, forex or futures trading
  • Limited customer service
Best For
Inexpensive Options Trading
Overall Rating
get started securely through Tradier’s website
Best For
Inexpensive Options Trading
1 Minute Review

Tradier is a high-tech broker made with the most active traders in mind. Tradier differentiates itself by using Application Programming Interface (API) technology to partner with popular trading software to offer a wide range of platform choices to Investors. Tradier brokerage offers integration with one of the widest ranges of platforms we’ve seen, including Esignal, Orion Multi Trader, Stockstotrade, 1Option, Evati, and many, many more. 

Tradier offers 2 pricing options — infrequent traders may want to opt for Tradier’s 0 Stocks and $0.35 per Options contract trading, while very active traders can often save money by opting into Tradier’s $30 monthly all-inclusive option and Equity, which cuts commissions entirely.

Tradier TradeHawk platform is exceptionally impressive, combining intuitive 1-click order placements with a vast range of indicators and charting tools. TradeHawk is also completely compatible with both Apple and Android mobile devices. Though we’d love to see Tradier expand into mutual funds and offer a bit more in the way of educational tools, the broker remains a top choice for advanced traders and those looking for enhanced customization options.

Best For
  • Very active options traders who would benefit from a flat-rate monthly charge instead of per-contract fees.
  • Advanced traders looking for a customizable broker with a wide range of platforms that can be integrated.
  • Prominent options traders get high-quality execution, real-time market data and subscription trading.
  • Wide range of integrated platforms provide an option for any trader.
  • All-inclusive per-month subscriptions available in lieu of per-contract commissions can potentially save very active traders hundreds of dollars a month.
  • Platforms are powered by quality real-time market data and execution.
  • Paper trading and Sandbox building mode allows particularly tech-savvy traders to create a platform and strategies customized to their preferences and needs.
  • Exceptionally affordable margin rates.
  • While good for active traders, newer traders may prefer a platform with fewer integration choices and a more streamlined approach.
  • No online mutual funds currently available.
Best For
Mobile Investing
Overall Rating
get started securely through SoFi’s website

Step 2: Decide how many shares you want.

How much do you want to invest in Aphria? Your investment amount should be based on your account balance, time horizon and expectations for the stock. 

Investing more than 2 to 3% of your portfolio in any stock is risky, let alone a volatile cannabis company. Figure out how much you want to invest, when you’ll take profits, and yes, how much you’re willing to lose on the trade should it turn south. 

Once you’ve determined your purchase amount and risk parameters, you can look for an entry point.

Step 3: Choose your order type.

You need to enter your order to execute your trade, but there’s more than one type of order to choose from. Different order types have different methods of execution. 

Market orders will execute immediately at the National Best Bid and Offer (NBBO) price, but limit orders won’t execute until a predetermined price point is reached.

Limit orders allow for more precise trading, which is important when trading volatile stocks like APHA. Market orders are susceptible to slippage in volatile sessions and the price you get might fall outside your ideal range.

Step 4: Execute your trade. 

Once you’ve chosen an order type, press buy on your broker’s platform to complete your trade. This will send your trade request to the broker’s order desk, who routes it to an exchange or market maker for execution. Once the order is filled, the shares will appear in your account.

Aphria Inc. Stock History

Aphria Inc. isn’t a new startup in the cannabis space. The company went public in 2015, and shares went for less than $1 for the entirety of the first year of trading. In March 2016, APHA shares finally made a sharp move over $1 and catapulted up over $5 by Thanksgiving.

Screenshot from Benzinga Pro

Aphria’s revenue began to increase as demand for cannabis products soared. The company more than doubled gross profits from 2017 to 2018 and doubled them again between 2019 and 2020. Despite continued growth, APHA languished for most of 2019 before bottoming out during the height of the COVID-19 sell-off in March 2020.

APHA shortly dipped back below $2 before posting a solid recovery to close 2020. Then 2021 started with a bang as the shares went parabolic, leaping from $8.57 to $18.98 in less than 6 weeks. Aphria’s rise in 2021 has been meteoric, and it’s among the biggest winners in the cannabis sector to start the year.

Pros to Buying Aphria Inc. Stock

The cannabis market can be volatile, but an investment in Aphria can bring benefits like:

  • Regulatory headwinds: Aphria Inc. is a cannabis grower and distributor that resides a short boat ride away from a wide range of new potential customers in the United States. Many U.S. states have already permitted marijuana use for medical and recreational use, and the calls for federal revamping will only grow louder from here.
  • Increasing profits: Aphria Inc. has shown growth in gross profits for 4 straight years, including a jump from $75 million to $190 million between 2019 and 2020.
  • Stock volume and trend: The cannabis sector is hot, and Aphria is among the most fiery components. Shares are gaining volume, and the price movement has been consistently upward.

Cons to Buying Aphria Inc. Stock

Of course, it’s not all benefits with no risk. If you choose to invest in Aphria, keep the following in mind:

  • Schedule I controlled substance: Despite the relaxed attitudes and less strict local laws, cannabis is still illegal in the U.S. at the federal level. No amount of attitude changes will get legislation changed quickly. Cannabis legalization in the U.S. probably still has another hurdle or 2 ahead of it.
  • Decreasing gross margins: Growing marijuana is time consuming and expensive, so scaling up could prove difficult to smaller firms like Aphria. The company has seen gross margins under 40% for 3 consecutive quarters now, which somewhat highlights the difficulty of mass producing a fickle plant like cannabis. Aphria isn’t getting the same bang for their buck on sales lately, and that could be a problem down the road.

Is Aphria a High Roller?

Few stocks are more popular in the cannabis sector than Aphria Inc. With shares doubling in less than a month, the trade is likely to become crowded and new traders should be cautious. Aphria Inc. share price appreciation has been so stark that the company would nearly qualify to be a large cap firm in the U.S.

Trading the cannabis sector will likely continue to produce winners as more states relax laws and federal regulators begin drawing up ideas to change the current status of the substance. 

The long-term outlook for cannabis producers is likely good, but the ride up surely won’t be as smooth as APHA’s stock chart currently looks. Understand the risks and rewards of trading in this sector before putting your hard-earned money to work.

Turn to Webull

0 Commissions and no deposit minimums. Everyone gets smart tools for smart investing. Webull supports full extended hours trading, which includes full pre-market (4:00 AM - 9:30 AM ET) and after hours (4:00 PM - 8:00 PM ET) sessions. Webull Financial LLC is registered with and regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). It is also a member of the SIPC, which protects (up to $500,000, which includes a $250,000 limit for cash) against the loss of cash and securities held by a customer at a financially-troubled SIPC-member brokerage firm.