Scott+Scott Attorneys at Law LLP Announces Investigation into Aphria, Inc. (APHA)

Scott+Scott Attorneys at Law LLP Announces Investigation into Aphria, Inc. (APHA)

2018-12-03 05:45:00 PM ET (PR Newswire)


Scott+Scott Attorneys at Law LLP ("Scott+Scott"), a national shareholder and consumer rights litigation firm, is investigating whether Aphria, Inc. ("Aphria" or the "Company") (NYSE: APHA) or certain of its officers and directors violated federal securities laws.  If you purchased Aphria stock on the New York Stock Exchange ("NYSE"), you are encouraged to contact a Scott+Scott attorney at (844) 818-6982 for more information.

Aphria is a Canadian company that produces, supplies, and sells medical marijuana.

On December 3, 2018, Hindenburg Research released a report titled, "Aphria: A Shell Game with a Cannabis Business on the Side."  According to the report, which was also released on Seeking Alpha, "Aphria is part of a scheme orchestrated by a network of insiders to divert funds away from shareholders into their own pockets."


On this news, the price of Aphria stock is currently down $2.17 - over 27% - in intraday trading on the NYSE.
What You Can Do

If you purchased Aphria stock on the NYSE, and you wish to discuss this investigation, please contact attorney Joe Pettigrew at (844) 818-6982, or at jpettigrew@scott-scott.com, or visit the Aphria investigation page on our website at https://scott-scott.com/investigation/aphria-inc.

About Scott+Scott Attorneys at Law LLP

Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States.  The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.

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CONTACT:


Joe PettigrewScott+Scott Attorneys at Law LLP230 Park Ave, 17th Fl, NY, NY 10169(844) 818-6982jpettigrew@scott-scott.com

Aphria Response (Weak)

News for APHA

Alert Sent 2018-12-03 03:06:43 PM ET

Delivery preference: Immediate delivery

Aphria Issues Statement Regarding Short Seller Report; Shares Down 27%

2018-12-03 03:06:08 PM ET (MT Newswires)



03:06 PM EST, 12/03/2018 (MT Newswires) -- Aphria Inc. (APHA.TO, APHA) confirmed Monday afternoon it is aware of a short-seller report released earlier today which Aphria believes is a "malicious and self-serving attempt to profit by manipulating Aphria's stock price at the expense of Aphria's shareholders."

Price: 7.83, Change: -2.68, Percent Change: -25.50

News for APHA
Alert Sent 2018-12-03 03:01:33 PM ET

Delivery preference: Immediate delivery
Aphria statement regarding short-seller report

2018-12-03 03:00:00 PM ET (PR Newswire)


Aphria Inc. ("Aphria" or the "Company") (TSX: APHA and NYSE: APHA) is aware of a short-seller report released earlier today which Aphria believes is a malicious and self-serving attempt to profit by manipulating Aphria's stock price at the expense of Aphria's shareholders.


Investors should exercise caution in relying on the misrepresentations and distortions contained in the report and recognize that, by their own admission, Hindenburg Research "...stands to realize significant gains in the event that the price of any stock covered herein declines." The report also states that, "Hindenburg Research makes no representation, express or implied, as to the accuracy, timeliness, or completeness of [the information in report]."


The report makes reference to the Company's LATAM acquisition which closed on September 27, 2018.  In connection with this transaction, the Board of Directors of Aphria confirmed that it received financial advice and a fairness opinion from a reputable firm that the consideration to be offered by Aphria in respect of the transaction was fair, from a financial point of view, to Aphria and its shareholders.

Shareholders should refer to the Company's disclosure documents filed with Canadian and U.S. securities regulatory authorities, which are available online under the Company's SEDAR profile at www.sedar.com, the Company's EDGAR profile at www.sec.gov or on the Company's website at www.aphria.com.


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