- Aphria (NYSE:APHA) slips 7% premarket on modest volume on the heels of a Bloomberg interview with Green Growth Brands CEO Peter Horvath about certain aspects of its all-stock $2.1B bid for the pot producer, a deal that short seller Hindenburg Research calls "non-credible."
- Green Growth's second-largest shareholder is GA Opportunities Corp., a fund backed by Aphria and advised by CEO Vic Neufeld. Mr. Horvath says "normally we don’t ask who’s behind the money because normally the answer is very complicated."
- Green Growth's largest shareholder, the Schottenstein family, was involved with Aphria about a year ago. Mr. Horvath says he is unaware if they own any Aphria stock.
- Green Growth currently owns one retail store and has an option to buy another in Nevada. Mr. Horvath says his firm will have 300 mall kiosks by the "end of the year" (2019?).
- Previously: Aphria says Green Growth's proposal undervalues its shares (Dec. 28)
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