Pot Firm Attacked by Short Sellers Won’t Rule Out More Aphria Deals
- SOL Global Investments has no plans to change management
- ‘Business hasn’t slowed down,’ chief investment officer says
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SOL Global Investments Corp., the cannabis firm that short sellers singled out for allegations of insider self-dealing, is pursuing future investments and wouldn’t rule out doing one with Aphria Inc.
Hindenburg Research and Quintessential Capital Management launched a short-selling campaign against Aphria last month, alleging in a report that the Leamington, Ontario-based firm bought assets at inflated prices from SOL, which is closely connected to Aphria via SOL’s chairman and chief investment officer, Andy DeFrancesco.