Aphria (NYSE:APHA) Fights Back vs Quintessential Capital Management and Hindenburg Research

Aphria (NYSE:APHA) Fights Back vs Quintessential Capital Management and Hindenburg Research
Aphria (NYSE:APHA) Fights Back vs Quintessential Capital Management and Hindenburg Research – RICH TV LIVE – DECEMBER 4, 2018 – Aphria Inc. (APH.TO) (APHA.N) says it stands behind its Latin American operations after its shares were hammered in the wake of a short sellers’ report that raised questions about the company’s acquisitions in the region.

Aphria chief executive Vic Neufeld said Tuesday the acquisition of licenses and other assets and related businesses in Colombia, Argentina and Jamaica and a right of first offer and refusal in respect of Brazil were an important strategic deal.

Neufeld said the company has made considerable progress supporting and building out its operations on the ground in Latin America and the Caribbean since the deal closed in September.

Together with other members of the company’s executive team, Neufeld said they personally bought a total of more than .1 million in Aphria shares on Monday as a demonstration of confidence in the company.

“It is the commitment of our incredible team and partners that has gotten us to where we are today, making Aphria a global cannabis success story,” Neufeld said.

Shares in Aphria fell nearly 28 per cent in trading Monday after short sellers called the Canadian marijuana producer a “black hole” and alleged that its recent international acquisitions totalling roughly 0-million were “largely worthless.”

The shares were down an additional 17 per cent or .32 at .28 in early trading Tuesday.

Quintessential Capital Management and Hindenburg Research, which are short on Aphria, alleged the company acquired foreign companies in countries including Jamaica, Argentina and Colombia at “vastly inflated” prices and in ways that it believes benefit a group of insiders.

Aphria, one of the largest Canadian cannabis companies by market capitalization, has called the short-sellers’ allegations “false and defamatory.”

Subscribe – https://www.youtube.com/c/RICHTVLIVE
Visit – http://www.richtvlive.com/ a one-stop shop for cryptocurrency, stocks, sports, travel and trending topics. #richtvlive #aphria #breakingnews
Join the RICH TV LIVE FREE Social Media Community – Download the Amino app on your phone or computer and follow the link – https://aminoapps.com/c/RICHTVLIVE/home/
Join the Conversation get the RICH TV LIVE app at Google Play – https://play.google.com/store/apps/details?id=com.app.richtvlive
iPhone App Store – https://itunes.apple.com/us/app/richtvlive/id1212158240?Is=1&mt=8

Popular Uploads – https://goo.gl/tbvXGg
Most Recent Upload – https://goo.gl/unKXBy
YouTube Channel Page – https://goo.gl/yUdG7w
Subscribe – https://goo.gl/q2tLnn
Rich TV Live Playlist – https://goo.gl/e116JF
YouTube support Tubebuddy – https://www.tubebuddy.com/RICHTVLIVE

Disclaimer

Rich TV’s company profiles and other investor relations materials, publications or presentations, including web content, are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed in Rich TV reports company profiles or other investor relations materials and presentations are subject to change. Rich TV and its affiliates may buy and sell shares of securities or options of the issuers mentioned on this website at any time.

Investing is inherently risky. Rich TV is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles or in other investor relations materials or presentations that it publishes electronically or in print.

We strongly encourage all investors to conduct their own research before making any investment decision. For more information on stock market investing, visit the Securities and Exchange Commission (“SEC”) at www.sec.gov.

Aphria (NYSE:APHA) Fights Back vs Quintessential Capital Management and Hindenburg Research