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

NYSE, Nasdaq Stock Markets Will Close Wednesday In Honor Of George H.W. Bush

U.S. stock markets will close Wednesday, Dec. 5, to honor former President George H.W. Bush, who died Friday night at age 94. So will other U.S. financial markets.

The White House said President Trump will declare Wednesday a day of mourning for the late president.

The New York Stock Exchange, Nasdaq and CME will hold a minute of silence Monday morning. The NYSE will close for all of Wednesday. So will the Nasdaq. The bond market will be closed, per the recommendation of the Securities Industry and Financial Markets Association.

CME Group will close U.S. futures and options markets as well, with overnight futures trading ending at 9:30 a.m. ET Wednesday morning. Futures will reopen at 6 p.m. ET, as usual, ahead of Thursday's stock market open.

Traditionally, the NYSE and Nasdaq stock markets close for the funeral of a former president. The last such U.S. stock market closure was Jan. 2, 2007, for the funeral of former President Gerald Ford. Previous stock market closures were in 2004 for Ronald Reagan and 1994 for Richard Nixon.