Short attack!
Dec 03, 2018
Aphria: A Shell Game with a Cannabis Business on the Side.
Aphria is the third largest seller of cannabis in terms of revenue in Canada. It is one of only two companies to have a recreational supply deal with every province in Canada. This is a serious business. The report, if true, is utterly shocking. The Latin American acquisitions are basically fraudulent. It's -29% in just under two hours -- the largest one-day drop in its entire trading history. The share price has crashed through the 52-week low. It's down by 70% from its all-time high in January.
Also, the report is dragging down the entire cannabis sector.
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