The short seller that accused Aphria of being a ‘shell game with a cannabis business on the side’ declares victory, but the stock is surging (APHA)

The short seller Quintessential Capital Management declared victory on its Aphria short thesis Friday after the cannabis producer said its CEO and one of its cofounders were transitioning out of leadership roles. Quintessential previously said Aphria’s stock was worth zero, accusing the company of being a “shell game with a cannabis business on the side.” Aphria reported disappointing quarterly results on Friday. Watch Aphria trade live.

Aphria was rallying Friday, up 8.51% at $7.13

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