MILWAUKEE, Dec. 4, 2018 /PRNewswire/ -- Ademi & O'Reilly, LLP announces an investigation of Aphria Inc. (NYSE: APHA) for possible violations of securities laws.
If you lost money on your Aphria investment, you are encouraged to contact us at: http://ademilaw.com/case/aphria or call Guri Ademi toll-free at 866-264-3995. There is no cost to you.
The investigation focuses on whether Aphria violated securities laws by failing to tell investors that Aphria was making inflated investments in insider owned assets. According to a report from Quintessential Capital Management and research firm Hindenburg Research, Aphria's recent C$280 million ($212.3 million) Latin America acquisitions "raise major red flags," as the transactions appear to be largely worthless. For example, the C$145 million acquisition in Jamaica was of an abandoned building that was sold off by the bank earlier this year, and although a C$50 million purchase of an Argentinian company was represented to have revenues of $11 million in 2017, an employee of the Argentinian company said 2017 revenue was only $430,000.
Ademi & O'Reilly, LLP specializes in protecting investor rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Ademi & O'Reilly, LLP
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi & O'Reilly, LLP