Wednesday, December 12, 2018

Aphria says it will provide line-by-line rebuttal to short seller allegations

The CEO of Leamington cannabis producer Aphria — under siege from short-sellers claiming that backroom deals enriched insiders — said the company will release a report next week addressing every allegation.
Vic Neufeld said Aphria’s response will rebut the barrage of accusations levelled Monday that mostly focused on the company’s recent acquisitions in Latin America.
“You will find all of the 20-some allegations, line-by-line, point-by-point with pictures — real pictures, truthful pictures — on what we have called LATAM asset acquisition,” Neufeld told the Star on Friday. “Every point will be very informative and will shed the real light on the story.”
He said that rebuttal will likely be released Wednesday. Aphria announced Thursday it had appointed an independent committee to review the company’s recent acquisition of its Latin American holdings and confirm it was on the level.

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