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Aphria's chief financial officer hinted at a future dividend for shareholders, an unexpected statement amid market turmoil for Canadian weed stocks.
The surge could be a good sign showing that investor confidence in the cannabis industry is building going into 2020.
Clovis Oncology, currently the most expensive stock to short, boasts a 109% borrow fee according to data from S3 Partners, a financial analytics firm.
"It's a new day at Aphria," said interim CEO Irwin Simon in a press release.
The cannabis producer Aphria was down 7% Wednesday after the company rejected Green Growth Brands' hostile-takeover bid.
Aphria is urging shareholders to hold off on making any decisions about Green Growth Brands’ takeover bid
Aphria is down 1.13% early Wednesday after the company urged its shareholders to take no action on Green Growth Brands' hostile takeover bid.
Aphria tanked as much as 25% Tuesday after a short seller on Monday alleged the company's LATAM acquisition benefitted its insiders.
The marijuana producer Aphria is crashing after research firm alleges it’s a ‘shell game with a cannabis business on the side’
Aphria crashed as much as 30% after a research firm said the pot company's business was full of overvalued buyouts and fraudulent financial reporting.