01:43:23 EDT Fri 20 Sep 2019
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Aphria Inc
Symbol C : APHA
Shares Issued 250,710,023
Close 2019-05-14 C$ 9.35
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Globe/CP say Aphria's Ripshtein to depart June 7

2019-05-15 08:54 ET - In the News

The Globe and Mail reports in its Wednesday edition that Aphria announced Tuesday that president Jakob Ripshtein is resigning effective June 7. A Canadian Press dispatch to The Globe says that the move came as the company named James Meiers as chief operating officer of its greenhouse, Aphria Leamington. Mr. Meiers joins Aphria from Hain Celestial Group, a natural and organic products company with operations around the world. The company also named Tim Purdie as chief information officer and chief information security officer, and Maureen Berry as vice-president, corporate human resources. Aphria is still looking for a permanent chief executive officer since Vic Neufeld announced in January he would be stepping away from the role. Irwin Simon remains Aphria's interim CEO. Aphria took a $50-million non-cash impairment charge related to its assets in Latin America earlier this year after the Ontario Securities Commission requested it perform an impairment test. Short-sellers alleged in December that Aphria's acquisition of the assets in question were purchased at "vastly inflated" prices, prompting the company's board to task a special committee to conduct its own review. The review led to an impairment charge.

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