This Jamaica Weed Farm Is Thriving, Despite Short Sellers’ Doubts
- Canadian cannabis producer says asset is part of global push
- U.S. investors say Aphria overpaid for ‘worthless’ operations
Cannabis plants grow on a farm in Jamaica.
Photographer: Ezra Fieser/Bloomberg
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Off a dirt road outside Kingston, Jamaica, 300 marijuana plants sit in manicured rows overseen by a Rastafarian grow master who goes by the name “Bob on the Job.”
As Canadian pot producer Aphria Inc. tells it, the farm is part of its growing portfolio of international assets. For two U.S. short sellers, it’s one of the catalysts for an offensive that sent Aphria shares plunging in December. Hindenburg Research and Quintessential Capital Management questioned the farm’s existence and said Aphria overpaid for “largely worthless” assets in a three-country deal.