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U.S. cannabis company makes hostile bid for AphriaU.S. marijuana producer Green Growth Brands Ltd. said late Thursday it has made a takeover bid for Aphria Inc., one of Canada’s largest cannabis producers by market value.
Source: MarketWatch - 🏆 3. / 97 Read more »
Hostile bid for pot producer Aphria comes from billionaire Ohio family’s new U.S. companyA newly formed U.S. cannabis operation — backed by a storied Ohio family that has built a fortune in the retail business — is making a hostile bid for a Canadian pot company with which it has done business in the past. Pump that stock 👍🏽
Source: MarketWatch - 🏆 3. / 97 Read more »
Aphria says Green Growth's $2.1 billion hostile bid 'significantly undervalues' the companyPermabulls crack me up 🤣🤣
Source: MarketWatch - 🏆 3. / 97 Read more »
Aphria says Green Growth's proposed hostile bid undervalues companyCanadian cannabis producer Aphria Inc said on Friday Green Growth Brands Ltd&03... What a sham. Once weed is legal in most of the world.....All of Canada's weed companies will be overvalued. It's just a matter of time :) CBC FY
Source: Reuters - 🏆 2. / 97 Read more »
Aphria to review LATAM acquisition in face of 'inaccurate' allegations by short sellersShares of Aphria Inc. sank 8.4% in premarket trade Thursday, after the Canada-based cannabis company said it has appointed a special committee to review its LATAM Holdings Inc. acquisition, which was completed in September. The shares had plummeted 43% over the past two sessions, closing Tuesday at a 17-month low, after short seller Quintessential Capital Management said Aphria's recent C$280 million Latin America acquisitions raised "major red flags," as its research suggested they appeared largely worthless, an allegation Aphria denied by saying it "unequivocally" stands behind the LATAM deal. On Thursday, the company said it remained confident in the process leading to the acquisition. "However, in the face of inaccurate and misleading accusations by certain short-sellers, whose sole interest is in profiting from a decline in the Company's shares, it is undertaking a comprehensive review, led by a Special Committee of independent directors of these, and any other, allegations in the interest of protecting Aphria shareholders," Aphria said in a statement. The stock had dropped 72.3% over the past three months, while the ETFMG Alternative Harvest ETF has shed 18.2% and the S&P 500 has lost 6.2%.
Source: MarketWatch - 🏆 3. / 97 Read more »
Aphria keeps tumbling after short seller alleged its Latin American acquisition is a 'shell game'Aphria tanked as much as 25% Tuesday after a short seller on Monday alleged the company's LATAM acquisition benefitted its insiders.
Source: BusinessInsider - 🏆 729. / 51 Read more »