Company News

BUZZ-Aphria Inc: Down on report questioning Latam deals

** Cannabis producer’s shares slump as much as about 30 percent to C$7.38, their lowest in over a year

** A report, which appeared on the Seeking Alpha website here, cites a Hindenburg Research and Quintessential Capital Management presentation questioning APHA's Latin American acquisitions; says the deals appear "largely worthless"

** The Hindenburg report says co has diverted more than C$700 million to undisclosed beneficiaries through such deals

** Co consistently generates negative cash and its cannabis seems of “low quality” - Hindenburg

** U.S.-listed shares down ~27 percent

** Including today’s early losses, Toronto-listed stock has fallen nearly 60 pct YTD (Reporting by Debroop Roy in Bengaluru)