Weed stocks: Aphria says committee to review LATAM acquisition, shares sinkPosted by On

marijuanaDevin Melnyk, a long-time marijuana grower and a consultant with Pure Sunfarms, holds trimmed marijuana as it comes out of a high-volume cannabis trimming machine at a massive tomato greenhouse being renovated to grow pot in Delta, British ColumbiaAP Photo/Ted S. Warren

  • Aphria on Thursday said it had named a committee to review its acquisition of the medical-cannabis company LATAM Holdings.
  • On Monday, a short-seller put out a report saying the acquisition was largely worthless and accusing Aphria of being a “shell game with a cannabis business on the side.”
  • Shares fell 12% early Thursday, taking them down by 40% since the short-seller’s report was released.
  • Watch Aphria trade live.

Aphria fell further Thursday morning, down more than 12%, after the company said it…

Original Author Link click here to read complete story..



Leave a Reply