In 2019, Focus in Cannabis Sector Shifts From Legalization to Legitimacy
It’s appropriate that 2019 kicks off with a focus on Aphria, the Canadian pot producer attacked by short sellers and now the target of a hostile takeover bid.
After a wild year for the cannabis sector, it’s appropriate that 2019 kicks off with a focus on Aphria Inc., the Canadian pot producer that was attacked by short sellers and is now the target of a hostile takeover bid.
Aphria reports results for the fiscal second quarter on Jan. 11, and there will undoubtedly be plenty of questions on the conference call about the allegations from short sellers that it overpaid for “worthless” assets in Latin America. Aphria called the claims by Quintessential Capital Management and Hindenburg Research “malicious and self-serving.”
– Read the entire article at Financial Post.