The Globe and Mail reports Mississauga and Markham No Private Retail Cannabis Shops

Aphria Inc (C:APHA) In the News
Also Cronos Group Inc (C:CRON) In the News
Also Canntrust Holdings Inc (C:TRST) In the News

The Globe and Mail reports in its Thursday, Dec. 13, edition that dealing a setback to aspiring Ontario cannabis retailers, two major Toronto-area municipalities moved Wednesday to prevent private storefronts from selling marijuana within their borders. The Globe's Jameson Berkow writes that Mississauga City Council, representing the province's third-largest city, just west of Toronto, voted 10-2 in favour of opting out of cannabis retail. 

A few hours later, city councillors in Markham, just north of Toronto, also voted "no" on cannabis retail in a 12-1 vote. The decisions come just one day before Toronto city council will vote on the same issue. Ontario has given municipalities until Jan. 22 to decide whether to allow physical cannabis stores within their boundaries. 

Cities that reject pot shops will be allowed to change their minds after that date, but those agreeing to host cannabis retailers cannot ban them later.

 "We were preparing for a government-controlled cannabis retail model that resembled the LCBO," Mississauga Mayor Bonnie Crombie said, referring to the former Liberal government's plan to open dozens of Ontario Cannabis Store locations through a subsidiary of the Liquor Control Board of Ontario.

© 2018 Canjex Publishing Ltd.

APHA Email from investor relations regarding rebuttal

“Hello , 

As you are aware, the board appointed a special committee of independent directors to review and confirm the Company's record. That work continues and will be presented as soon as possible. We want to let the special committee complete its work so that there can be no doubt of the conclusions presented as a result. 

Thanks,  

Joel Pierce Investor Relations Administrator”
Read more at http://www.stockhouse.com/companies/bullboard?symbol=t.apha&postid=29106448#ML017jCOauwJdVs3.99

Source = Twitter Account

We estimate that $APHA has diverted upwards of C$700m via such transactions, or about 50% of Aphria’s total net assets. We believe the conduct of Aphria’s executives and deal partners has been deeply unethical and possibly criminal.  ALL of the Canadian shell entities were previously named after $APHA / $SOL insider Andy DeFrancesco's personal private firm, and then ALL of the names were changed prior to deal announcement, ensuring the personal firm name was left off all deal-related press releases. (11/x) We are still waiting patiently for the $APHA rebuttal. It's been a week and a half already.
Perhaps they needed to re-write the part about relying on counsel now that the Globe & Mail outed their lawyer as being Andy DeFrancesco's brother in law? Holders of the shell included key Aphria, Scythian, and Liberty deal partner/insider Andy DeFrancesco, along with 3 individuals recently alleged by the SEC to have run multiple pump & dump schemes. Liberty acquired a Florida property this year. Rather than just buying the assets, they were acquired through a newly-formed entity, netting the shell holders an estimated ~C$5 million gain in 6 days.

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