The Latest Act In The Aphria Circus: A Very Obviously Related-Party ‘Hostile’ Takeover Offer

Summary: Aphria Inc. (NYSE:APHA)

  • Yesterday Aphria received a ‘hostile’ takeover offer from a company called Green Growth Brands Ltd. (“GGB”), which aims to acquire Aphria in a C$2.8 billion all-stock deal.
  • GGB’s second largest shareholder is a fund sponsored by Green Acre Capital, a firm that lists none other than Aphria CEO Vic Neufeld on its board of advisors. Aphria has invested directly in the fund and therefore already owns a significant stake in GGB.
  • GGB recently listed a current Aphria board member on its own board . . .


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