What Now for Aphria After Its Board Tells Green Growth to Take a Hike? [The Motley Fool]
Aphria Inc. (APHA)
Last aphria inc. earnings: 4/14 09:00 pm
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Source: The Motley Fool
What Now for Aphria After Its Board Tells Green Growth to Take a Hike? If Aphria ( NYSE:APHA Green Growth Brands NASDAQOTH:GGBXF Aphria's shares enjoyed a nice run Image source: Getty Images. No way, no how Aphria's board listed several reasons behind its decision to rebuff Green Growth Brands' proposed acquisition. First and foremost, the price wasn't anywhere close to what it needed to be. Actually, Aphria shareholders would have to sell their stock at a significant discount to the current share price. Any board that would have been in favor of that deal would have probably been told to take a hike themselves. There was also a serious consequence of Green Growth buying Aphria. Green Growth is a U.S.-based cannabis producer. Aphria can't maintain its listings on the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE) and conduct operations in the U.S. as long as marijuana remains illegal at the federal level. An acquisition of Aphria by Green Growth would have caused Aphr
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