Marijuana producer Aphria Inc. says chief executive Vic Neufeld and co-founder Cole Cacciavillani will be leaving their executive roles at the company, but will remain on the board. “It was just time for us to move aside,” he told analysts on a call discussing Aphria’s latest quarterly earnings. “This has nothing to do with the short-sellers’ report, the review, the valuation of assets ... Neufeld and Cacciavillani are “consummate entrepreneurs and the Aphria dream would not have become a reality without them,” Simon said on the conference call. Shares fell as far as $5 in Toronto from its price of $10.51 on Nov. 30, the last day before the short-sellers’ report was released.

Source: thestar January 11, 2019 12:57 UTC