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Pos stock / company / management
Don’t worry 2’s will be here soon enough if not 2 cents lmfao
Pos company insiders won’t let this rise as they keep dumping their worthless shares imo
Get ready for $0 Lmfao
Nuff said
The CEO is also the CEO of two other publicly traded companies , he’s clearly left this POS and is dumping his shares and moved on to two other pos companies to do this all over again.
Bunch of bag holders imo
You can simply type into google and get the links and articles you want
It’s not going to do anything they already sold all 8 million shares during this time imo
His is old news not current unless you know their current holdings as of today
2x the VIX not SPY
They have debt not cash lol.
Cannabis producer Tilray news release ‘not correct,’ German lawmaker says
Asked if the officials were downplaying the meeting, Blienert’s spokesperson said: “The content of the press release is just not correct. We are not downplaying the meeting, because there is no cooperation and there will be none either with Tilray. On no level to be clear.”
September 8th 2022 Insider Kennedy Brendan sold 350k shares at $3.22 which represents the max he could sell at any given time. He’s done this many many times. Clearly looks as though he is dumping his stake as fast as he could read the recent form 4
These people are going to freeze to death this winter..
And all you care about is their tax revenues from crappy pot sales ??? Wow
Important to stay tuned in not just read headlines
Soaring energy prices pose a severe test for the country’s industrial sector
The biggest challenge the German industrial sector currently faces is posed by rising energy costs, The Economist reported on Sunday, citing the association of German industry BDI.
“The substance of our industry is under threat,” BDI President Siegfried Russwurm said as quoted by the media, adding that the situation was looking “toxic” for many businesses.
Company is bust. Move on folks you can’t keep beat a dead horse. The size of their facility keeps shirking as they shut down all their grow houses and only buy weed from other growers as they cannot grow proper weed imo
Short term, short short short this will be lower than $1 soon imo before year end
This is the biggest POS stock
History of corruption and no history of profits. Imo
(August 31, 2022, 7:16 PM EDT) --
A Manhattan federal judge has certified for the second time a class of investors in Canadian cannabis company Aphria Inc. in a suit alleging company insiders orchestrated a CA$193 million ($147 million) acquisition deal "for the purpose of stealing money" from the company.
Law360 (August 31, 2022, 7:16 PM EDT) -- A Manhattan federal judge has certified for the second time a class of investors in Canadian cannabis company Aphria Inc. in a suit alleging company insiders orchestrated a CA$193 million ($147 million) acquisition deal "for the purpose of stealing money" from the company.
Canopy is way better than this POS imo
At least there’s no fraud happening at their company
100%
Factories are closing down all over EU
More like look for more dilution as MS only wants to sell their stake as you can see the dumping happening
So a little thing about profits is that you need to make more than what you spend.. for the last ten years tilray has spent more than it makes. Mostly to insiders pockets and rip a lot of shareholders off. Take a look at their Q’ releases they loose 150mil plus each quarter. And dilute the float so the stock keeps tanking.
Buyer beware lots of bag holders based on this being at all time lows imo
OCS still hasn’t resolved their ordering issues !!! This might take years to fix!! IMO
Bunk weed keeps failing due to potency
So eventually all their weed will be destroyed and a huge loss next Q
There’s weed shops all over the states. I was in Colorado when they legalized all that stuff is better than Canadian pot.
Canada pot is shit period
It’s crap and hurts your throat I have
Canadian Pot Co. Investors Win Class Cert. In Acquisition Suit (Aphria / Tilray)
Paywall: [Canadian Pot Co. Investors Win Class Cert. In Acquisition Suit](https://www.law360.com/securities/articles/1526082/canadian-pot-co-investors-win-class-cert-in-acquisition-suit)
By Emilie Ruscoe
Law360 (August 31, 2022, 7:16 PM EDT) -- A Manhattan federal judge has certified for the second time a class of investors in Canadian cannabis company Aphria Inc. in a suit alleging company insiders orchestrated a CA$193 million ($147 million) acquisition deal "for the purpose of stealing money" from the company.
In a Tuesday [**order**](https://assets.law360news.com/1526000/1526082/https-ecf-nysd-uscourts-gov-doc1-127131867169.pdf), U.S. District Judge George B. Daniels granted plaintiff Shawn P. Cunix's request for class certification, designating Cunix class representative and his Levi & Korsinsky LLP attorneys class counsel.
The proposed class includes those who purchased Aphria shares "on domestic exchanges or in domestic transactions" in the U.S. between July 17, 2018, when the company announced the proposed acquisition, and April 12, 2019, the last trading day before the company filed documents with the U.S. Securities and Exchange Commission that described "significant issues" with the acquisition plan, according to the investors.
Unusually, this is the second time Judge Daniels granted certification to the class. The first order certifying the class was filed in May, but Judge Daniels vacated that order without comment days later after the company filed a letter motion contending that the judge had jumped the gun with the order since the defendants' deadline for responding to the certification bid was still weeks away and they had depositions relating to the class certification lined up.
The company opposed the class certification bid in early June, telling Judge Daniels that the investors hadn't shown that their Aphria stock purchases were domestic transactions, among other things.
On Tuesday, Judge Daniels found that Elizabeth Alexander, an investor who sought to serve as class representative alongside Cunix, hadn't shown how she had engaged in a domestic transaction with her Aphria stock purchase and determined she couldn't represent the certified class.
In the latest version of the investors' suit, from May 2019, they claim the company's intended acquisition was a plan "hatched by several Aphria insiders for the purpose of stealing money from Aphria in order to enrich themselves at the expense of ordinary shareholders."
According to the investors, the businesses Aphria planned to purchase as part of the deal from SOL Global Investments Corp., a company "closely related" to Aphria, had once belonged to Aphria co-founder Andrew DeFrancesco before he sold them off to SOL "for an extreme profit."
"In turn, DeFrancesco caused Aphria to purchase them from Scythian for even more money with the assistance of [Aphria CEO Vic Neufeld] and other Aphria insiders," the investors said in their suit, adding that the company insiders took pains to hide that they were involved in the deals.
The investors claim they were hurt after short-sellers reported that the planned acquisition targets were "barely operational" and, in some cases, unlicensed.
Representatives for the parties did not immediately respond to requests for comment Wednesday.
The class is represented by Alexander A. Krot III, Nicholas I. Porritt, Adam M. Apton and Max E. Weiss of Levi & Korsinsky LLP.
Aphria, Neufeld and Merton are represented by Alex Spiro, Julia M. Beskin and Jacob J. Waldman of Quinn Emanuel Urquhart & Sullivan LLP.
The case is In Re Aphria Inc Securities Litigation, case number 1:18-cv-11376, in the U.S. District Court for the Southern District of New York.
--Additional reporting by Katryna Perera and Sarah Jarvis. Editing by Ellen Johnson.
__________________________________
Also see class action news from August in Ontario:
- Press release: [Aphria Inc. Securities Class Action: Rochon Genova LLP Announces Notice of Certification and Opt-out Deadline](https://www.businesswire.com/news/home/20220826005037/en/)
- Court Document: [Vecchio Longo Consulting Services Inc. v. Aphria Inc., 2022 ONSC 4753 \(CanLII\)](https://www.canlii.org/en/on/onsc/doc/2022/2022onsc4753/2022onsc4753.html)
Due to external factors this company will not be able to afford energy bills abroad as they currently have an energy crisis . Thus causing our assets abroad to be worthless at the present moment and only add to the list of liabilities . This company is sinking and drowning unfortunately. IMO get out while you can at these levels this company is up 300% from where it was 3 years ago.
This isn’t Tilray as most of you want to believe it is Aphria the parent company which bought tilray as it was going bankrupt to hype investors and take all their money when this hit $60 a share during the merger. CEO cashed out $30million for the merger lol
Buyer beware
Germany is facing an energy crisis, without Russia they will have more things to worry about then buying crappy Canadian weed. Anyways
Read the news there is currently no Natural Gas being pumped to EU at this present moment.
German executive was here to buy Canadian natural gas not weed lol
Good read . Thanks !
The Ontario Cannabis Store, the monopoly wholesaler of adult-use marijuana in Canada’s most valuable market, suspended deliveries to stores after a cyberattack on the parent company of contractor Domain Logistics, which operates the OCS distribution center.
The attack occurred “late on Friday August 5,” according to an email the OCS sent Monday night to Ontario retailers. The email was obtained by MJBizDaily.
Citing “an abundance of caution,” the OCS said it decided “to shut down Domain Logistics’ operations until a full forensic investigation could be completed.”
OCS said it would still take orders during its daily order window, “as this will allow us to have orders ready to fulfill once the system is back online.”
The email also noted that:
A scheduled launch of new cannabis products will be delayed as a result of the delivery shutdown.
The OCS will waive delivery fees through Sept. 30 as well as the processing fee “for one emergency order per store between September 1 and March 31, 2023.”
It is unclear when deliveries will resume, although a media update posted on the OCS website said all “orders this week will be delayed by at least 24 hours.”
The wholesaler added that there is “currently no indication that OCS systems or its customers’ information was targeted or in any way compromised as a result of this incident.”
Earlier this year, the OCS suffered from a major breach of its client retailers’ sensitive business data.
The OCS said the data, which included sales figures for individual retail locations, was “misappropriated” and that a criminal investigation was underway.
Stephen Verbeek, president and CEO of Ontario retailer Hello Cannabis, is concerned that data may have been exposed in the cyberattack against the OCS delivery contractor.
As for the delivery delay, Verbeek said some Ontario stores carry more than a week’s worth of cannabis.
But others may need their weekly order to avoid “almost bare shelves” and unhappy customers.
“That’s happened to us once or twice before, with many other instances where deliveries were delayed, or delivery dates were changed.”
Ontario retailers react
The delivery delays caused by the cyberattack on the parent company of Domain Logistics could have serious fallout for some cannabis stores in Ontario’s competitive market.
“We don’t know how long this is going to last,” said Lisa Bigioni, co-founder of Stok’d Cannabis, which has two locations in the Scarborough area of Toronto and one in Niagara Falls.
Bigioni said her stores “essentially order enough product to get us through the week with some buffer, of course, before we can order more.”
With new products scheduled to come out this week, Bigioni said, she had been trying to sell out of older products to make space.
“For any retailers that have been doing that,” she said, “we’re now challenged because we were actively trying to reduce inventory before bringing in new stuff.”
For now, Bigioni said she’s trying to transfer inventory between her stores to cover the gap.
Meanwhile, she’s concerned that the grand opening of a new Stok’d franchise in Scarborough this weekend might have to be rescheduled.
Bigioni called for better communication from the OCS to the stores it supplies and questioned why retailers didn’t hear about the Friday cyberattack until late Monday.
Mark Phillips, owner of two Island Smoke cannabis stores in Trenton and Hamilton, Ontario, told MJBizDaily he didn’t expect much of an impact from the delivery delay in the short term because his stores stock more than one week of inventory.
“But if the deliveries are delayed for any real long, extended period of time, yes, it’s going to have a negative impact on business,” he said.
For his part, Phillips believes he has received sufficient information from the wholesaler.
“From what I can see, they’re dealing with it as best they can – this kind of thing, it’s not exclusive to them,” Phillips said.
“Every single company in the world is vulnerable with cyberattacks.”
Phillips added that he rarely has issues with the OCS.
“They get us our product in a timely manner, for the most part,” he said.
“When there are delays, they’re few and far between, compared to other industries that I’m involved in where delays are tremendous and ongoing all the time,” he continued, adding that the OCS always offers compensation for delivery problems.
OCS told to improve delivery oversight
A late 2021 report from the Office of the Auditor General of Ontario recommended the government-owned cannabis wholesaler should improve its oversight of Domain Logistics, and the OCS said it would work to do so.
Domain Logistics’ contract with the OCS was worth roughly 70 million Canadian dollars ($54.4 million) as of March 2021, according to the auditor’s report.
Ontario’s legal adult-use cannabis market was worth CA$151.6 million in May.
The province has issued more than 1,600 cannabis store licenses to date, amid worries that some stores will have to close in the face of intense competition in some areas.
Have you tried their products ?
I have , it’s harsh and no effect.
Nuff said
You’ll have to do your own DD I can’t do it for you
It’s very clear at this point they are diluting millions of shares. Just recently they increased the authorized shares only to be able to dilute to stay in business
IMO
Who cares lol all that is old news tilray is loosing money not making it.
This company is straight up garbage imo can’t believe it’s still trading… should have been closed down a long time ago. Long history or fraud and corruption in management team. IMO