December 6, 2018 / 12:56 PM / 10 months ago

BUZZ-Aphria: Stock slide continues as firm continues firefighting

** Aphria’s U.S.-listed shares drop 12.4 pct premarket, continuing their declines in the wake of a critical short-seller report

** Stock has tumbled ~43 pct in past two trading sessions after a short-seller on Monday questioned the Canadian cannabis producer’s acquisition in Latin America

** Aphria has decried the report and defended the deal saying it got “financial advice and a fairness opinion from a reputable firm” that the value was “fair”

** Aphria CEO and other executives also bought over $3.1 mln in stock Monday as a show of confidence, but even that failed to stem the slide in the shares

** On Thursday, in its third statement since the report, Aphria said a special committee of independent directors would conduct a review of the deal and the allegations

** APHA is on a 4-day losing streak and is down 69 pct YTD (Reporting by Savio D’Souza)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below