Aphria fallout: 5 takeaways on the report that sent this cannabis stock plunging
Lisa Bernard-Kuhn and Matt Lamers, 06 December 2018
The blows to Aphria’s stock continued Wednesday as the Canadian cannabis giant’s share price tumbled in the wake of a scathing short-seller report. Aphria’s stock (Nasdaq: APHA) closed Wednesday at $4.51 – down more than 25% for the day. The company has been on the defensive since Monday, refuting claims lobbed by short sellers Quintessential Capital Management and Hindenburg Research that Aphria’s management is a part of a shell game controlled by insiders raiding company coffers to line their own pockets. Aphria, in a statement issued Monday, called the allegations “malicious.”
