Monday, December 3, 2018

Aphria News

News for APHA

Alert Sent 2018-12-03 11:30:53 AM ET

Delivery preference: Immediate delivery

BUZZ-Aphria Inc: Down on report questioning Latam deals

2018-12-03 11:22:44 AM ET (Reuters)


** Cannabis producer's shares slump as much as about 30 percent to C$7.38, their lowest in over a year

** A report, which appeared on the Seeking Alpha website https://seekingalpha.com/article/4225817-aphria-shell-game-cannabis-business-side, cites a Hindenburg Research and Quintessential Capital Management presentation http://www.qcmfunds.com/aa questioning APHA's Latin American acquisitions; says the deals appear "largely worthless"

** The Hindenburg report says co has diverted more than C$700 million to undisclosed beneficiaries through such deals

** Co consistently generates negative cash and its cannabis seems of "low quality" - Hindenburg

** U.S.-listed shares down ~27 percent

** Including today's early losses, Toronto-listed stock has fallen nearly 60 pct YTD (Reporting by Debroop Roy in Bengaluru)


Fiscal year ends Jul 31, 2015. Values are displayed in millions. Currency is displayed in USD. () = Negative Values.
*GAAP = prior to non-GAAP analyst adjusted earnings.

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