Marijuana producer Aphria’s stock rebounds after second short-seller report

Embattled Canadian marijuana producer Aphria Inc. saw its U.S.-listed shares rebound Thursday, after the company issued a rebuttal to a series of accusations leveled by a short seller even as new allegations were posted.

The short seller, Hindenburg Research, issued another report Thursday, three days after its first batch of research that said Aphria was a “shell game with a cannabis business on the side” and called into question the value of a number of its acquisitions. Aphria issued a lengthy statement Tuesday that defended the operations included in the Hindenburg report and Thursday morning said it has appointed a special committee to review one of the acquisitions.

By the start of trading Thursday, Aphria

... read more at: https://www.marketwatch.com/story/marijuana-producer-aphrias-stock-rebounds-after-second-short-seller-report-2018-12-06

by

Leave a Reply