SquishyInc wrote: I’m sure none of us is real sure about what’s going to happen with the whole TMX/CDS situation brought about by Aphrias’ risky American play. The fact is, Aphria at any point in time could be forced to divest its’ interest in the US or face delisting. They’ve put a boilerplate clause in their annual report explaining the clear risks, including prosecution by individuals or groups, damage to reputation and ability to do business generally, risk to listings on stock exchanges etc. More importantly, does it seem shady to anybody that APH didn’t tell any of its’ shareholders that they were going to pursue a market that may significantly endanger their investment? Or that they were going to use your investment money to to speculate on other companies, some of which were decidedly failures? All this has gotten me thinking about Aphrias’ approach from an ethical perspective. I thought maybe it was worth talking about. Here are some important questions, imo...
Does Aphria use Mexican migrant workers?
I really don’t know the answer here, but i’m hoping somebody here might know. If that’s the case, how do you all feel about that? Wouldn’t that mean that Aphrias’ record string of (pretty pathetic, let's be honest with eachother here) profits are literally made on the backs of migrants? I won't pretend to understand all the nuances of that whole debate, but it doesn't sit well. What will happen if Aphria ever has to start paying its’ people living wages? Looking for some clarity here, for sure. Which leads me to point 2…
Does anybody care about Aphrias’ most recent issuing of options?
Many eyebrows were raised by the lack of notification and the timing, here’s a post shining some light on the whole issue, from another board:
“Show me one other TSX listed company that issued compensatory stock options to employees with issueing a NR. Further show me one other company that had the nerve to issue said options a day after their stock spiked and backdated them to what should have been their quiet period. Blackout or quiet periods are there for exactly this reason, as the company has information readily in their hands that the market doesn't. This was imo one of the shadiest deals I have seen in my career. Absolutely disgusting.”
Thirdly, most will remember the scandal that came to light showing how Aphria had gouged veterans, here’s an article illuminating the details of some seriously shady practice:
Aphrias' Veteran Pricing Scandal
All just some food for thought for the discerning investor. I'm starting to see a pattern of behaviour in Aphrias approach which could be a red flag. I'm hoping you can convince me otherwise!
Discuss!