Aphria: The Aftermath Of Short Seller Accusations

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About: Aphria Inc. (APHA)
by: Edward Vranic, CFA
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Edward Vranic, CFA
Long/short equity, Growth, momentum, event-driven
Summary

Aphria has tanked on short seller accusations that appear to be legitimate and well-researched.

Despite the good research, I find a $0 target on APHA to be a stretch and Gabriel Grego's backtracking on Wednesday's BNN interview supports that opinion.

I expect to play the volatility on both sides of the equation, but for now, I have a long position, speculating on the market's temporary exhaustion of the short thesis.

Until recently, Aphria Inc. (APHA) is not a stock I have paid much attention to. My three second, high-level analysis of the company is that it is one of the larger "typical" licensed