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I dont think so personally but then again this sector is wont to be extremely volatile
Old folks who dont understand. And people who know these thin markets are easily to manipulate.
https://reorgdocumentlibrary.broadridge.com/Client/Client?data=0219/E12323/03765K104/c
The letter itself is about 17 pages so im just pasting the link. Its just detailing yhe GGC bid.
Anyone else get an email about the ggb offer from their brokerage?
Everyone wants a slice. Let’s see how far this mania goes.
Should this gabriel grego guy not be in jail? Is calling the company a black hole in a public news release without any substantial evidence not illegal?
Dont forget about the market for high quality extracts, enhanced foods and beverages, as well as pharmaceuticals that some of the large producers are horizontally integrating into. Cannabis is an extremely versatile and complex commodity that can be processed into many high value luxury goods. While you are right that economies of scale and driving margins will determine thedominant players in this space, don’t underplay cannabis as something alin to sugar cane sugar
Ah jeez wishful thinking got the best of me. The market makes the day more exciting.
Tomorrow should be a red day if its not ill be excited.
Did this deal really tarnish the industry??? Did it even really tarnish aphria for those who have done their DD and are not being driven by fear??
I dont think so. Could it be that Grego took advantage of a volatile and thin market in a time where so many people have been made hyper sensitive to any kind of mis behavior by the very wealthy. They didnt do anything illegal. The acquisitions had real value as stated by multiple respected ratings agencies who have done thorough research. People saying that this short report doomed the company are the same as people saying impeach trump. There is no realy material legal evidence to condemn the company because nothing illegal was done. I would go so far as to say the only thing tarnished was shareholders value by a toxic propagandist.
Dude you can get it from IR. I got it past month. Maybe they arent catering to sheep. Can you blame them?
10 mil profit
I think that the shorts are hungry guys. We had just a little blood in the pps today and they are swarming like sharks. Hey man i have faith in this company. Ive researched the LATAM acquisitions thoroughly. It seems to me like it does to citron and scotia bank that aphria paid a reasonable price for LATAM.
They also payed for licensing. I believe they even got an import license in argentina.
Cheers mate
Im not so sure. It seems like a lot of this short report was certainly sensationalized. Remember there is still a specialized committee review the assets. I think calling for the removal of Vic is a little pre emptive and hasty. The thing is, aphria is a strong well positioned company with many international assets. The probability of the share price going way up has always been high. All the ratings agencies have price targets in the 20-30 dollar range. The only thing that actually harmed the pps and shareholder value was this sensational short report.
The given price of 300 mil was calculated by share price when the deal went through. At the time of synthesis the deal was worth around 190 million.
People are against false narratives of criminal activity that destroy shareholder value
This does address that it literally sites the scotia bank analysis of the price at the end
What is a 52 week lower? You keep saying that
So true
Just stop. This is sensationalized old news these shorters are ridiculous
I dont see the point in getting riled up by all this speculative conjecture from various publishing agencies. Aphria has a lot if market share. Companies will bid to invest or take this show over. The price is starting at around 11 per share. Thats a 43 percent premium from here. By any normal standards that is an amazing return. If they do not except then offers will increase and share price will follow. Stop biting your nails mate.
Its funny how many spheres of media are filled with propaganda these days. Lets just let the bids begin and watch the price go up over the next 3-6 months. Stop relying on this baseless conjecture.
Yes, invest in marijuana dont turn yourself old and grey trying to day trade this emerging controversial market
So, you’re saying I shouldn’t believe what any financial institution says, while your entire argument is that we should listen to a SHORT SELLER INSTITUTION. Do you not see the contradiction there?
Im following facts. Im not posting fear driven speculative thought.
Wall. They created a specialized internal committee to investigate the LATAM op. The report they will release will contain the findings of this committee. The committee must finish the investigation before they release the PR. Aphria has released what was supposed to be in the acquisition and multiple financial agencies including Citron have come out in defense of aphria in light of this short report. Why are you here spewing speculative emotional garbage?
It is really amazing today how the entire MJ sector is red, aphria is seeing profits taken on a bounce, and now we have all these people losing their heads and speculating wildly on this message board. Multiple agencies including scotia bank and citron have now come out to say the short report was misleading at best. You can get a detailed list of the acquisition by emailing the head of investor relations. Are you really looking for info or just enjoying the thrill of driving yourself mad with speculation?
I feel bad for those trading this stock for income. Thats a high octane dangerous game in a nascent, volatile, thin market like this. If you’ve lost money on short term trades my condolences but longs and people who want to accumulate into 2019-2020 should ignore this bs. Aphria is not going out of business. DO NOT panic and sell for a loss. At the very least stop accumulating until confidence returns to this fickle emotional market place driven my fake news and hearsay being portrayed as fact.
How do you know that? You are speculating. They have issued responses refuting the report and even scotia bank stated that the report was misleading. The information on what made these acquisitions worth while is there online you just have to look.
Did you even email investor relations?? I did a week ago and got a detailed pdf of all the assets included in the LATAM acquisitions. If you want a copy send me your email in a private message.
Sorry to you retail shorts who got burned. Glta
The whole canadian mj sector is tanking. Jesus i was a 10 percenter for my age bracket now im back to just a joe schmoe. Cheers boys so you next year
Where the halt?
Private message me your email i. An easily forward it then gunna be some time till i get to a pc to upload to ihub
Those documents contained info that was easily misinterpreted or misrepresented. FOr example the building that recently had an address change. The bit about the argentinian firm was literally hearsay from a disgruntled employee. Listen to what im saying here. People have gone to the site in Jamaica and confirmed that the picture was not of the correct building . I received an in depth pdf of the value of all of the LATAM acquisitions from investor relations. They did not throw the money away. They may have over paid but to call it fraud is a lie.
I also want to point out that the post made about scotiabank putting aphria under review was fabricated. There is nothing online to corroborate that claim except for the initial twitter post which looks like a fabricated jpeg.
Here i am responding to the post that addresses the falsehood of the picture that was posted of the building in Jamaica. Please if you are taking the info in the short report as fact read the post i am responding to.
Excuse my vagueness but dont have a photographic memory. The dd was posted here by a 69sinai i believe.
As far as i understand now that wasn’t the correct building. It sounds like the suite that was photographed was in the same complex but there has been a recent address change that the jamaican gov is still processing. The actual building is an active dispensary that is operational and equipped for tourism and distribution.
The funny thing about powerful lies is that they borrow from the truth. Dont you watch CNN?
Especially when it is one of the only licenses to import cannabis in the entire country