Aphria says review reveals conflict of interest of directors in acquisition - News Summed Up

Aphria says review reveals conflict of interest of directors in acquisition


- Cannabis producer Aphria Inc. says a review of its governance procedures revealed certain non-independent directors had conflicting interests in its acquisition of several Latin American companies. Marijuana plants are shown in this undated handout image provided by Aphria. Article Continued BelowThe board will also be fully composed of independent directors once the company appoints a permanent CEO, the company said. The company appointed Simon to the role of independent chairman in late December as part of the company’s efforts to enact best practices. Aphria said in early February it had rejected the proposal as significantly undervaluing the company.


Source: thestar February 15, 2019 15:11 UTC



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