Aphria says hostile bid from Green Growth undervalues cannabis company's stock

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Aphria Inc. says a hostile takeover bid presented to its board on Thursday by Green Growth Brands is 'quite risky' and significantly undervalues the company, which is one of the biggest players in Canada's legal cannabis market.

 

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Aphria says hostile bid from Green Growth undervalues cannabis company's stockAphria Inc. says a hostile takeover bid presented to its board on Thursday by Green Growth Brands is 'quite risky' and significantly undervalues the company, which is one of the biggest players in Canada's legal cannabis market. Almost all cannabis company stocks are overvalued. A market correction is inevitable Aphris better straighten out accusations of buying several businesses away above market valve and high profits paid out on purchases ,short sellers making out like bandits
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New Aphria chairman’s former company settled SEC charges in DecemberNew Aphria chairman’s former company settled SEC charges in December After its voluntary disclosure, SEC charged Hain Celestial with internal controls failures on sales incentive practices
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Cannabis stocks are on a roll, posting the longest run of weekly gains since AugustNot even an earnings miss and further drama from Aphria could derail the optimism last week NP is high. Cannabis has been a disaster.
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