Reddit Report There has been a lot of discussion on Reddit refuting the claims of the short seller. Clearly, there are agenda's at work from all sides. Whether they got the right pictures of the facility, even the ones posted on reddit including the field of pot growing cannot possibly be worth US$145M. The point by the shorts was insiders bought this property for some undisclosed amount and then flipped it to APHA for $145M. What must be addressed is the details and unless APHA discloses this information, it casts doubt on all their non arm's length transactions. As for the valuation report from Haywood, most people should realize that if you pay the right amount of money, you can get the valuation report you want. Just make the assumptions match the price paid.
APHA must address and disclose all the details surrounding the transaction or the stock will go nowhere but down. There will be a class action Lawsuit which will likely result in an out of court settlement if APHA is not prepared to disclose and defend the action. That will be the tell as to the validity of the short report. How much will they settle for or how much of the cash on hand will be drained from this SNAFU. APHA must come clean ASAP.