APHRIA is under a short attack, and down 40% in two days after credible allegations have come out about fraud, stealing investors money, and dilapidated international facilities. I have no way of knowing if these allegations are true or not, the truth is probably somewhere in the middle, but the video is very damning. The short seller took a flight overseas and did boots on the ground due diligence, gave a 47 minute presentation, and took questions form the audience.
Aphria hasn't responded to the allegations and their stock price is crashing as a result, and will likely continue to until they can stand up and give credible evidence to refute the allegations.
Please watch this video, whether your in APHA or another stock in the sector, so you are aware of what's going on and make your own decisions. Keep in mind this drama is a millstone on the entire sector, and other names in the sector are having correlated bearish reactions to this problem facing Aphria.
www.youtube.com/watch?time_conti...
Aphria hasn't responded to the allegations and their stock price is crashing as a result, and will likely continue to until they can stand up and give credible evidence to refute the allegations.
Please watch this video, whether your in APHA or another stock in the sector, so you are aware of what's going on and make your own decisions. Keep in mind this drama is a millstone on the entire sector, and other names in the sector are having correlated bearish reactions to this problem facing Aphria.
www.youtube.com/watch?time_conti...