Aphria reveals some directors in Latin American acquisition had ‘conflicts’ [Toronto Globe and Mail (Ontario, Canada)]
Aphria Inc. (APHA)
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Source: Toronto Globe and Mail
Aphria reveals some directors in Latin American acquisition had ‘conflicts’ Part of cannabis and Aphria Inc. says the price it paid last summer for cannabis assets in Latin America was “acceptable,” but acknowledges certain unnamed directors of the company had “conflicts” they failed to disclose. The Leamington, Ont.-based cannabis grower said Friday that a special committee had reviewed the December allegations of a pair of short-sellers, who called Aphria’s assets in Colombia, Jamaica and Argentina “largely worthless.” Aphria’s special committee said the purchase price was in line with similar acquisitions made by its competitors. But the tone of the special committee’s review was softer than Aphria’s original response that the short report was “false and defamatory.” The company had said in December it would be “pursuing all available legal options” against the short-sellers. Friday’s report made no mention of any such action. Story continues below advertisement The language was
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