Friends, sharing a good article from MJBizDaily with further perspective on Aphria.
The article also points to a recent notice issued by the Canadian Securities Administrators (the Canadian securities regulators) warning against misleading/unsupported promotional activities. This comes on the heels of a recent CSA warning about a lack of sufficient disclosures by public Cannabis companies. This is all also true for US companies, both public and private – companies and boards have duties to their securityholders* and there are very tight rules about sales and disclosures.
These help underlie the point that easy money isn’t easy.
*Well, unless they’re waived because they’re a Delaware LLC and they’ve got a good corporate lawyer drafting the documents….
By: Marc Hauser