Aphria

Aphria President Jakob Ripshtein is Resigning

Today, Canadian Press broke the news Aphria President Jakob Ripshtein is resigning.

The company says Ripshtein will remain in his current role until June 7.

“At Aphria, we remain focused on creating long-term shareholder value by leveraging our strong brand positioning, superior distribution model, product innovation, industrial scale cultivation and automation, medical-use leadership, and our strategic global platform, which we intend to amplify using proceeds from the Company’s recent US$350Moffering,” 

Irwin D. Simon, Interim Chief Executive Officer

The move came today as the company announced several new executive appointments including James Meiers as chief operating officer, Aphria Leamington.

Jackob Ripshtein, Soon to be Former President, Aphria

Aphria came under pressure in December 2018, when shortsellers issued a report demonstrating the company’s insider dealings and poor asset acquisitions in Latin America.

Photo From ShortSeller Report of Jamacian Acquisition

It was followed by a takeover attempt by Green Growth Brands, which may have contributed to push the stock upwards. Afterwards Green Growth let their bid expire, over this period the stock price fell from a 3 month high of $14.07 to a 3 month low of $8.99.

Video Articles

Are We Entering a New 10-Year Silver Supercycle? | Keith Neumeyer – First Majestic Silver

Why the Biggest Players Are Desperate for New Gold & Copper, And Fast | Rudi Fronk – Seabridge

Why the World Faces a Uranium Supply Shock, Sooner Than You Think | Scott Melbye – Uranium Royalty

Recommended

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Related News

Is There A Potential Class Action Suit Against Canada For Legalizing Cannabis?

Almost five years after Canada legalized recreational cannabis, the nation is facing a lack of...

Wednesday, August 2, 2023, 02:07:00 PM

Canadian Cannabis Producers Face Severe Financial Distress —Report

Canada’s legal cannabis industry is in a state of severe financial distress, nearly five years...

Monday, March 18, 2024, 11:26:00 AM

Republicans Want to Amend Law Prohibiting Medical Cannabis Users From Exercising Their Second Amendment Rights

Medical cannabis users in the US may soon be able to lawfully purchase and own...

Wednesday, January 18, 2023, 07:23:00 AM

Subversive Secures At Least $100M To Execute On Growth Strategy

This morning Subversive Capital (NEO: SVC.A.U, OTCQX: SBVCF) provided investors a quick note showcasing their...

Monday, January 11, 2021, 09:53:49 AM

Liberty Health is Primed for a Takeover – By Green Growth Brands

For those of whom are following the drama of Liberty Health Sciences (CSE: LHS, OTCMKTS:...

Sunday, February 24, 2019, 08:20:09 PM