The initial jump by Aphria came after the Canadian cannabis producer said a hostile takeover bid by Green Growth Brands valued at $2.1 billion significantly undervalues the company.
"While we appreciate GGB's interest in the value we have created at Aphria and our significant growth prospects, their proposal falls short of rewarding our shareholders for participating in such a transaction," said Aphria Chair Irwin Simon.
Read the original article on RTTNews (http://www.rttnews.com/2965849/aphria-remains-firmly-positive-after-initial-jump.aspx)
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