The Canadian cannabis producer Aphria plunges after missing on earnings and speeding up the expiration of Green Growth Brands’ hostile takeover bid (APHA)
|04/15/2019||Posted by BusinessMediaguide.Com under General World News||
- Aphria plunged as much as 15% Monday after missing on earnings and agreeing to accelerate the expiration of the hostile takeover bid by Green Growth Brands.
- The company also reported a $50 million non-cash impairment to its Latin American assets.
- Watch Aphria trade live.
Aphria posted a bigger than expected third-quarter loss on Monday, sending shares down as much as 15%. In addition, the company also reported a $50 million goodwill impairment on its Latin American assets and announced that it had reached an agreement with Green Growth Brands to accelerate the expiry of its hostile takeover bid. The read more >>>