The Globe’s stars and dogs for the week GlobeInvestor
Gee, do you think those Aphria short sellers were on to something? Less than five months after Quintessential Capital issued a scathing report alleging that Aphria benefited insiders by overpaying for operations in Latin America, the marijuana producer took a $50-million impairment charge on the assets following a review requested by the Ontario Securities Commission. Aphria also posted a quarterly loss of $108.2-million as sales postlegalization fell short of analysts’ expectations.
Shares of the outerwear company had been hurt by political tensions with China, where Canada Goose has ambitious expansion plans. But with the company recently announcing six new stores in North America and Europe – including shops in Paris and Milan – investors are once again warming up to the stock.Borrowers may love low interest rates, but you won’t hear any cheers from shareholders of Bank of New York Mellon.
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