Not one Individual – A network !
Skyplt this morning made an astute observation about the history of corporations from 1600 with a company so formed that it would have the intent of survivorship
from one or more individuals.
I agree that Aphria will survive if it is just Vic (Soprano) Neufeld that may have indulged in “offensive behavior” (either illegal or immoral or corrupt).
However, certain facts now present not one but a network of individuals that collaborated to raid the coffers of shareholder raised cash from the Aphria.
First, Cole Cacciavillani is an engineer who had Leamington family farming wealth and grew Poinsettas.
John Cervini also had Leamington family farming wealth and grew Tomatoes.
Heinz Ketchup USA company leaves Leamington and the “tomato capital of Canada” turns to become “the cannabis capital of Canada” in 2013. Only Medical was allowed before the 2015 Trudeau Recreational promise.
It was respectable for oldtimers in Leamington embrace “medical” to “help people”.
Enter Andy Difrancesco – an investment banker with many shady pumps and dumps from Delavaco group (Galloro Honig Petroni) whose housewife is CEO of a multi billion dollar company (Delavaco) whose sister is married to Curtis Cusinato a top lawyer at Stikeman Elliot in Toronto.
A seed of 10 million was required to RTO Black Sparrow shell company (owned by Andy) in to Aphria with broker Clarus Securities (friends of Andy) and law firm Strikman.
The “farmers” needed a CEO face and longtime school friend Vic Neufeld comes out of Jamieson vitamins retirement. Slick talking with corporate past and an easy going rapport with the goodfellas.
Every raise of shareholder money was mediated by Delavaco Group as “advisors” and Clarus and Stikeman.
The greenhouse expansion of phase 1 to 4 was on Cacciavillani property with his home still out front. Cash from Aphria.
The July 2017 Nuuvera deal with Aphria for the 200 acre site gave shares to the boys and they go public in Dec 2017 and next month Jan 2018 is “bought out” with tennis player CEO Lorne Abony running away with 50 million – WHERE IS HE ??
Vic Neufeld ADMITS he did profit personally and APH overpaid and it was repriced. They got a bunch of “promissory licence” papers in “global markets”
In April 2018 the Synthian LATAM fiasco is well documented with Andy Difrancesco and Honig implicated and brother in law Curtis Cusinato lawyer Stikeman “signs off”.
The Liberty Health shares were hidden in shell companies with redacted unnamed family & friends & nephews & others as benefactors.
The bungled TSX offside scandal in Oct 2017 and the Veteran overcharging scandal in Nov 2016 and the back pocket “divestiture” of LHS to Andy & company all combine to create a morass of quicksand into “more investigation” required by SEC and OSC and the Law Society of Ontario. Class action litigation in progress.
Sad that I took the bait hook and line and sinker and believed it all with my cash.
I would like to see the RE-BUTT-ALL to that !!