Aphria Inc. (APHA)


Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Aphria Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Aphria Inc. (“Aphria” or the “Company”) (NYSE:APHA) of the February 4, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Aphria stock or options between July 17, 2018 and December 4, 2018 and would like to discuss your legal rights, please fill out the form below.  There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. 

The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased Aphria securities between July 17, 2018 and December 4, 2018 (the “Class Period”).  The case, Jakobsen v. Aphria, Inc. et al., No. 18-cv-11376 was filed on December 5, 2018.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose to investors: (1) that the Latin American assets acquired by the Company lacked adequate licenses to operate and were overvalued; and (2) that the acquisition of the Latin American assets would enrich the Company’s CEO and other insiders at the expense of shareholders.

Specifically, on December 3, 2018, Quintessential Capital Management and Hindenburg
Research published a report alleging, among other things, that the Company’s recent acquisitions
in Latin America were part of a series of transactions designed to enrich Company insiders and
that these acquisitions lacked established operations and/or licenses to operate in the cannabis
industry.

Following the publication of this report, Aphria’s share price fell from $6.05 per share on December 3, 2018 to a closing price of $4.51 on December 4, 2018—a $1.54 or a 25.44% drop.

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Aphria Inc. (APHA)

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Details

Filed on 12/03/2018

Ticker NYSE:APHA

Office

685 Third Avenue 26th Floor

10017 New York, New York

Phone (212) 983-9330

Fax (212) 983-9331

Counsel

Richard W. Gonnello rgonnello@faruqilaw.com Phone (212) 983-9330 Fax (212) 983-9331

Finding us

Our Offices


Our offices are nationwide. If you have any questions about a case or our firm, please contact us.

New York

685 Third Avenue 26th Floor
New York, New York 10017
(212) 983-9330
(877) 247-4292
(212) 983-9331

California

10866 Wilshire Boulevard Suite 1470
Los Angeles, California 90024
(424) 256-2884
(424) 256-2885

Delaware

3828 Kennett Pike Suite 201
Wilmington, Delaware 19807
(302) 482-3182
(302) 482-3612

Georgia

3975 Roswell Rd Suite A
Atlanta, Georgia 30342
(404) 847-0617
(404) 506-9534

Pennsylvania

1617 JFK Boulevard, Suite 1550
Philadelphia, Pennsylvania 19103
(215) 277-5770
(215) 277-5771

Faruqi & Faruqi office in New York, New York

Faruqi & Faruqi office in Los Angeles, California

Faruqi & Faruqi office in Wilmington, Delaware

Faruqi & Faruqi office in Atlanta, Georgia

Faruqi & Faruqi office in Philadelphia, Pennsylvania