Case: Aphria Inc.
Contact: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

NEW YORK, NY – December 4, 2018 – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating Aphria Inc. (“Aphria” or the “Company”) (NYSE: APHA) concerning potential securities law violations.  Investors who purchased Aphria securities may be affected.

On December 3, 2018, Quintessential Capital Management and Hindenburg Research issued a report entitled “Aphria: A Shell Game With A Cannabis Business On The Side.”  The report claims that “Aphria is part of a scheme orchestrated by a network of insiders to divert funds away from shareholders into their own pockets.”  Further, the report alleges that “Aphria’s recent C$280m Latin American acquisitions raise major red flags” and “appear to be largely worthless.”

Following this news, on December 3, 2018 Aphria’s common stock fell $1.85 per share, 23.4%, to close at $6.05 per share.  Aphria’s shares continued to decline the next trading day by more than 25%, $1.54 per share, to close at $4.51 per share on December 4, 2018.

If you are an investor in Aphria and would like to discuss our investigation, please contact us by emailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it or by calling 800-290-1952.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this press release, your rights, or your interests, please contact: 

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400 
San Francisco, California  94104
(415) 772-4700
Fax:  (415) 772-4707
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it