SOL Global Defends Sale of Latam Holdings to Aphria -- Says Transaction "Thoroughly Reviewed"
2018-12-05 11:44:46 AM ET (MT Newswires)
11:44 AM EST, 12/05/2018 (MT Newswires) -- SOL Global Investments Corp., which sold its Latin American operations, LATAM Holdings Inc., to Aphria Inc. (APH.TO) back in September, said the assets included "valuable licenses and strategic partnerships with governments and regulators in each of the Colombian, Argentinian, and Jamaican markets." The sale also included a right of first offer and refusal in respect of an asset in Brazil.
SOL Global said it is satisfied with the outcome of the transaction, which was "thoroughly reviewed by both parties". The transaction also received approval by the TSX and the CSE.
The company added that Quintessential Capital Management and Hindenburg Research are financially invested in destroying the stock prices of SOL Global and other cannabis companies by publicizing false and/or purposely misleading information to apply negative pressure to stock prices. "We will be empaneling a special committee of our Board as well as engaging independent counsel to review the false allegations levied against SOL Global by these bad actors and to pursue all available legal relief against parties that have manipulated SOL Global's stock price via false and/or misleading information."
Price: 5.20, Change: -0.79, Percent Change: -13.2
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.
2018-12-05 11:44:46 AM ET (MT Newswires)
11:44 AM EST, 12/05/2018 (MT Newswires) -- SOL Global Investments Corp., which sold its Latin American operations, LATAM Holdings Inc., to Aphria Inc. (APH.TO) back in September, said the assets included "valuable licenses and strategic partnerships with governments and regulators in each of the Colombian, Argentinian, and Jamaican markets." The sale also included a right of first offer and refusal in respect of an asset in Brazil.
SOL Global said it is satisfied with the outcome of the transaction, which was "thoroughly reviewed by both parties". The transaction also received approval by the TSX and the CSE.
The company added that Quintessential Capital Management and Hindenburg Research are financially invested in destroying the stock prices of SOL Global and other cannabis companies by publicizing false and/or purposely misleading information to apply negative pressure to stock prices. "We will be empaneling a special committee of our Board as well as engaging independent counsel to review the false allegations levied against SOL Global by these bad actors and to pursue all available legal relief against parties that have manipulated SOL Global's stock price via false and/or misleading information."
Price: 5.20, Change: -0.79, Percent Change: -13.2
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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