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OGI - Aphria: Attractive Valuation After A Turbulent Period
Organigram Holdings Inc.
Aphria (APHA) has come a long way after its share price reached a bottom at $5.0 per share on December 5, 2018. The stock has recovered most of the losses since the short sellers launched their attack alleging insider trading and overpayment for Aphria's LATAM acquisition. The short attack has resulted in permanent damages to the Aphria brand and caused massive shareholder value destruction along the way. However, the stock now trades at very attractive valuation levels and could be appealing for investors looking for value plays within the cannabis sector.