RE:RE:RE:RE:RE:overpaid LATM and Jamaicakey "facts" from Dec 4 report:
- Our extensive on-the-ground research shows that the transactions appear to be largely worthless.
- Example: The official registered office of Aphria’s C$145m Jamaican acquisition is an abandoned building that was sold off by the bank earlier this year.
- Aphria consistently generates negative cash, and its cannabis seems to be of low quality. Interviews with sources describe facilities infested with bugs, stricken with mold, and having failed audit inspections.
- Because Aphria generates a minimum amount of sales relative to its market cap, we believe that the uncovering of this alleged scheme, coupled with a massive asset write-off, would have catastroophic consequences for its share price.
but yet somehow still manage to achieve record EPS, adjusted gross profit and net income.
How is this possible???? Say whaaaaaaat? Yea yea yea brah, yo yo brah, me no speeakee english more ebonics, me just culturally confused, yea brah yea, me sucky sucky you long time baby.