APHRIA VS. SHORTS
Shares of Leamington, Ont.-based pot producer Aphria have lost almost half their value in the last two days after the company was targeted in a short report by Hindenburg Research and Quintessential Capital Management that called into question recently-acquired LATAM assets. Yesterday afternoon, Hindenburg and Quintessential “demanded” Aphria “actually” respond to their allegations. Meanwhile, a spokesperson for Aphria told us the company stands by all of its statements, including earlier labelling the short report as “false and defamatory”. We expect to speak with Quintessential’s founder later today.
https://www.bnnbloomberg.ca/marijuana
Shares of Leamington, Ont.-based pot producer Aphria have lost almost half their value in the last two days after the company was targeted in a short report by Hindenburg Research and Quintessential Capital Management that called into question recently-acquired LATAM assets. Yesterday afternoon, Hindenburg and Quintessential “demanded” Aphria “actually” respond to their allegations. Meanwhile, a spokesperson for Aphria told us the company stands by all of its statements, including earlier labelling the short report as “false and defamatory”. We expect to speak with Quintessential’s founder later today.
https://www.bnnbloomberg.ca/marijuana