Aphria Inc (C:APHA)
Shares Issued 249,762,289
Last Close 12/21/2018 $6.52
Shares Issued 249,762,289
Last Close 12/21/2018 $6.52
Monday December 24 2018 - In the News
The Globe and Mail reports in its Saturday, Dec. 22, edition that a common side effect of marijuana use is paranoia. The Globe's Tim Shufelt and John Heinzl write that for instance, while under the influence you might imagine that Aphria ($6.52) came under attack from short sellers who alleged that the cannabis producer purchased assets in Jamaica, Colombia and Argentina at valuations that were "vastly inflated or outright fabrications."
Further, you might imagine that those assets had been owned previously by firms with ties to an adviser and prominent investor in Aphria.
The Globe says your paranoia might even lead you to believe that, even as the company dismissed the allegations as "false and defamatory,"
Aphria's shares collapsed and analysts slashed their price targets. Good thing,
The Globe jokes, it was just your paranoia and none of this, er, actually happened. Aphria shares are down 65.1 per cent so far this year.
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