Aphria (APHA)

The pandemic did not appear to be limited to Aphria. This could explain why they currently have one of the cheapest stocks to buy.

While cannabis stocks have struggled to achieve profitability, Aphria has distinguished itself by reporting positive adjusted EBITDA for the last four quarters in a row.

The cannabis industry's largest cash balance is approximately 515 million Canadian dollars ($379.4 million) in cash and cash equivalents. That's especially encouraging in the midst of the pandemic.

While others struggle, Aphria reported a 65 percent increase in net revenue and sold 14,014 kilograms of cannabis in the third quarter, a 98 percent increase from 7,062 kilograms sold in the second quarter.

The price of cannabis has also dropped, from CA$1.11 in the previous quarter to CA$0.93 in the most recent period. In other words, Aphria produced more marijuana at a lower price while also selling more marijuana last quarter – a winning combination for shareholders.

The stock price has been updated to US $8.30, which is higher than the under-five-dollar stocks but still a good buy right now.

Founded: 2014
Market Cap: $4.87 B
Website: https://aphria.ca/