Some of the things you guys might not be aware of from DD being done by redditors and also to counter balance some of the blatant posting to spread fear and despair...
In the QE "report" they claimed jamaica just had an empty building, and marigold didn't exist, and neither did any of the dispensaries. To highlight how distorted and BS their claims are and how they manipulate the readers here is a quick example.
They claimed that one of the dispensary sites didn't exist, they said it was "unit 51" which didn't exist, and posted this picture. https://i1.wp.com/…/wp-content/uploads/2018/12/16.2-min.png…
Someone from reddit went to the jamaica sub, and a redditor from jamaica went to that site. The dispensary is literally about 50 feet from the picture QE posted so it's impossible for them to not have walked around the building and seen it. Incredibly misleading and deceptive on their part.
Here is a photo taken of the marigold dispensary that "doesn't exist" https://imgur.com/a/2lyqDKn
As well as the inside of the sensi house seen here https://pikstagram.com/media/Bp4pvLogyKN
As for the abandoned building they found, they spun it as though it was the MAIN headquarters for marigold. Which it isn't. People in the Jamaica reddit said it is common for address changes to take a long time and for things to not get updated in that country as bureaucratic matters can take a VERY long time and government workers are very slow + unmotivated in these matters.
Also not sure if you guys have seen it, Andy posted videos of marigold's grow in jamaica https://twitter.com/i/status/1069937850853019648
As well as GoBlue another redditor posted pictures of jamaica's marigold grow in jamaica https://twitter.com/GoBlueCdn/status/1069746631233421313
To date, marigold has harvested approximately 3000kg (which is more than cannimed produced annually when it was purchased for over a billion dollars by aurora cannabis....) Why are all these things important? It highlights the motives, and deception taking place in the report. These guys aren't there to expose a company, they are there to exploit a company and to make as much money as possible essentially stealing from panicked investors. It's really disgusting.
They CLAIMED marigold didn't exist, and falsely with intention presented a very skewed presentation that made marigold appear not to exist. Well it does, and that is why these pictures are important.
Also, haywood securities estimates (using VERY conservative low ball numbers, much much lower than aurora and canopy + other large LPs) that aphria's price with a 15x EBITDA to be 14-18$ a share based on canadian assets alone. The other LP's are trading at MUCH MUCH higher ebitda multiples.
https://imgur.com/a/7duNP8W
As for the colombian operations, they have 31 acres of land with the ability to add many more hectares, with an estimation production capacity of 30-50,000kg annually within the next 2 years. But more importantly, with this license they are able to EXPORT AND IMPORT into and out of the country. Which means canadian cannabis can be sold in colombia as demand dictates until the colombian market gets fleshed out.
In the report they also claimed APB was just some shitty pharmacy in argentina. As stated in the aphria NR, it actually distributes and supplies dozens of pharmacies, and has a warehouse + distribution centre. But more importantly APB has a license which allows for the IMPORT of cannabis products. This is pretty awesome for getting the foot in the door as latin america slowly moves towards legalization.
And lastly I would like to remind everyone about short and distort campaigns, why they are illegal, and why they are so hard to prosecute.... And why you should take every comment you read in discussions with a grain of salt.
Short and distort refers to an illegal practice that involves investors shorting a stock and then spreading rumors in an attempt to drive down its price. ... The act of "shorting and distorting" constitutes securities fraud and can result in significant fines and penalties.
https://www.investopedia.com/terms/s/shortanddistort.asp
The QE report also states they bought all these things for 280million dollars which is BS, when the deal was closed aphria's share portion was worth about 180 million (about 15 million shares were used to purchase the latin american assets, at the time trading 12$ a share). They chose to use aphria's high of 19$ months later to value the latin american assets at 280million dollars.... So f--k them even more lol. Using the same logic, we could say that ALL of the latin america purchases were made for 75 million dollars (the current aphria share price). In contrast if you look at it as a 75 million dollar purchase, and the fact marigold harvested the same amount of cannabis as cannimed did at the time of the 1 billion dollar acquisition by aurora, it gets even more ridiculous. Then add in 50,000kg of colombian production, as well as the ability to sell canadian cannabis into Colombia it makes this situation even more insane.
This QE report wasn't picked up by a sharp investor, it was SPAMMED across every internet forum possible. In short and distort campaigns, multiple accounts will be made and the discussion board will be flooded with troll accounts that pretend to be normal investors that spew more doubt and steer the narrative towards the short attack being fundamentally sound (It doesn't have to be true, they just have to convince people that everyone thinks it's true). Pretty much exactly like this part in the simpsons, it illustrates it perfectly. https://youtu.be/OHC6G4PGFQ8?t=172
If you look at a lot of these accounts, they will have very little history, will post infrequently, and are basically ghost accounts with some lipstick on them to make them look real at a cursory glance.
This is super illegal, but really hard to track these people down.
Also, hindenburg research as well as clarity springs is currently being sued for a similar short and distort attack. This is posted by a redditor.
"Two names of importance are mentioned in this subpoena: Hindenburg and Clarity Spring Securities.
Hindenburg appears to have evolved from the short and distort on Eros. But what is more interesting is the mention of a small player in last year’s short attack: Clarity Spring Securities. Why is this interesting? Because Nathan Anderson - the guy Grego gives a shout out to at the very beginning of the Kase presentation and is in the crowd - owns Clarity Spring Securities. See for yourself: https://www.clarityspring.com/nathan-anderson-ceo/
Anderson is mentioned by Grego here as well “The idea for his Aphria short, Grego said, came from researcher Nathan Anderson, who published his own report on Aphria Monday morning on SeekingAlpha, under the moniker Hindenburg Investment Research.”
Link: https://www.barrons.com/…/marijuana-stock-aphria-down-on-sh…
We are missing the entire subpoena, so it is unclear who was part of Hindenburg - but the wording in the table of content implies multiple players were using the name as a vehicle in their short and distort attack (that eventually proved to be false, after the price dropped 75%)
EDIT: Anderson published his aphria piece on SA under the Hindenburg banner, but it’s unclear based on this partial subpoena if he was ever part of the original Hindenberg group. His company Clarity Spring appears as a separate entity (with less than 30k capital) Therefore, I wonder - in his decision to write in 2018 with the Hindenburg moniker - we can assume a similar group of illegal shorters are involved in this week’s Aphria short and distort campaign"
As you can see, clarity springs is essentially a shell company worth only 30,000$, so when it comes time to sue there is basically nothing to sue, if they can even find the people behind the illegal activity in the first place.
Anyways some food for thought.
Edit: When you see comments that add little to the discussion and make the QE report sound legitimate, I encourage you to look into their post history / account history. Looking for low comment count, young account age, low karma etc. Fake troll accounts to drive the price down via astroturfing in situations like this is A REAL THING. Expose these guys.
Edit: The following is a statement by Chris Mastronardi on facebook aphria investor group, he is a partner at leamington double diamond. Here is his statement.
Hello all , I am Aphria's Partner in leamington at Aphria - Diamond ( joint venture ) We are one of the largest greenhouse growers in Canada ( Double Diamond Farms ) , one thing I can assure you all is that that Aphria - Diamond and Aphria One expansion are on schedule and will be ready to be planted in Jan 2019 , just the 2 growing facilities alone will produce in excess of 255,000 kgs annually , im not gonna get into all the internet keyboard war , what I can tell you is that Aphria is as real as they come and so are there farms , no LP in Canada will have anywhere close to the kind of technology and production capabilities per square foot of these two facility's and I can prove it any day of the week unlike these false claims made by these short sellers , Aphria's operation are second to None in every way , Aphria is the lowest cost producer now and will continue to be the lowest producer going forward !!! Chris.