 Hey guys, this is Rich from RichTVLive, and we finally have a response. Aphria CEO fires back at short sellers vows our side of the story. Now, this is what we've been waiting for. We're waiting for a response from Vic Neufeld. And here it is. Neufeld said, Aphria will soon provide a detailed line by line response to the report released by Hinderberg Research and Quintessential Capital Management QCM on Monday that alleges the Leamington, Ontario based company acquired assets in Jamaica, Argentina and Columbia worth a total of about $280 million. So let's see what he had to say. Now, he had a phone interview with BNN, Bloomberg, and he didn't actually publicly show his face, I don't believe, but he did do a phone interview and he is vowing that he is going to be putting together their side of the story. Let's see if there's any more. Here, Aphria Inc., which was down 16.53% today, Chief Executive Officer Vic Neufeld is firing back at short sellers report that has sent his company shares into a tailspin vowing to soon, very, very soon, soon release more detailed information after the pot producer failed to ease investors' nerves with its initial response. In a phone interview with BNN, Bloomberg, Neufeld said Aphria will soon provide a detailed line-by-line response to the report released by Hinderberg Research and Quintessential Capital Management on Monday that alleges the Leamington, Ontario based company acquired assets in Jamaica, Argentina and Columbia worth a total of about $280 million at vastly inflated prices in a transaction the short sellers claim benefited a group of insiders. We need a complete rebuttal, not a piecemeal rebuttal. We have a lot of allegations of impropriety and we want our deck to speak on the facts, Neufeld said on Wednesday. In their report, QCM and Hinderberg Research alleged that the foreign companies Aphria acquired in Jamaica, Argentina and Columbia appeared to be largely worthless and that there were systematic attempts to help to hide the true nature of these transactions. Both QCM and Hinderberg have taken short positions in Aphria. Remember, they are short to stock, they are profiting from this, meaning that they stand to benefit if the stock fails, which it has dramatically. Neufeld described the allegations published in the report, notably several claims relating to Aphria's acquisitions of its Jamaican cannabis license from SOL Capital Investments Corp, formerly known as Synthian Biosciences Inc. as slanderous. Aphria's report will be very sequential and factual to tell our story. He said Quintessential Capital Management founder Gabriel Grigo said he's eager for Aphria to make good on its previously stated threat to explore all legal options, adding he thinks documents obtaining during the discovery process would contain a smoking gun proving the report's allegations. We have a long list of documents which we already know we're going to request to review. We believe those documents contain smoking guns, he said in an interview Wednesday afternoon with BNN Bloomberg Amanda Lange. Grigo, who declined to comment on the specific size of the short position his firm took against Aphria, said the pop producer may report a huge asset right off if his thesis is correct. He also criticized investment banks for failing to do enough due diligence in providing a fairness opinion on Aphria's deals citing a potential conflict of interest between the firms. Would these parties have to be more entrepreneurial and dig a little deeper and do proper due diligence? My answer is yes. Am I surprised about it? No, he said. In a statement released on Tuesday, Aphria said it's unequivocally stands behind the purchase of its Latin American and Caribbean assets and stated the deal was negotiated at arms length between two publicly traded companies, each of which retain professional financial advisors. Aphria added to one of its advisors, Coremark Securities Inc. provided financial advice as a fairness opinion that said the transaction for the Columbia, Argentina, Jamaica business was fair from a financial point of view. James Kaufman, Chief Chairman, Vice Chairman of Coremark Securities and head of its advisory service told Bloomberg, BNN Bloomberg in a phone interview that the firm has a very rigorous process to review each fairness opinion we give, including the one that was given in its transaction. We take the role of providing opinions very seriously and we are confident in the process we have and the opinions we give. When asked if Grego has shared his findings with security regulators, he said that the situation has a lot of spotlight on it, so it would be surprised, so I would be surprised if something wasn't going on right now, if regulators decide to intervene, they will. Both the Ontario Securities Commission and the US Securities and Exchange Commission have declined to comment on whether they have begun an investigation into Aphria. Aphria Board has initiated an internal strategic review behind the Latin America transaction through an independent committee according to one person directly familiar with the matter. The committee was instructed to ensure the transaction was completed according to proper corporate governance and guidelines said the person who declined to be named because the information is confidential. Since the release of the report by QCM and Hindenburg Research, Aphria has lost approximately half of its market value, which could stand at 1.26 billion shares in the POP producer fell nearly 17% on Wednesday to close at $5 on the Toronto Stock Exchange. Newfield acknowledged Aphria's value has been diminished due to the short sellers report and would not be surprised if he receives calls from peers in the cannabis industry who might want to acquire his company. He added that while he hasn't entertained any offers yet, no option is off the table. Wow, that is huge news. Now remember, Rich TV Live is strictly for education and entertainment purposes. Always do your due diligence. Always do your research before you invest in anything that we talk about here on Rich TV Live. Do you like this news? Do you dislike this news? Clearly, I hate this news. You can see right here, Grego is speaking. He is on Blue at Blyan and Bloomberg. He was talking about the situation today. Do you think that Aphria has done enough? Do you think that Vic Newfield has done enough? Do you think that what they are doing is enough? Please comment down below. Share this video everywhere. Hit that like button if you like this video. This is brutal news. The entire market is devastated by this news. Newfield also responded to allegations in the short sellers report about poor quality cannabis production at its Leamington, Ontario facilities saying Aphria hasn't suffered any mass crop failures. Did we have some small mold issues? Sure. But those were only a few plants. Nothing that any other licensed producer hasn't experienced before, he said. So this is just brutal. It has hurt the entire industry. Aphria has been devastated by this. Literally down 50% in three days. I want to know what you guys think about this. Is this enough? Are they doing enough? I believe every cannabis company right now. Hey cannabis licensed producers. I know you guys are watching. Go and get a strong legal team to protect you against slander, against short sellers and against these tactics because we have seen it over and over and over again over the last couple months. And I believe this is a tactic that is going to persist. We need to be aware of it and you need to protect yourselves accordingly. This is your boy Rich. Bring you the news. If you're not winning, you're most likely not watching. We bring you the winners. We bring you the news. And we bring you the news first. Aphria responding. Is it enough? Hold on to your boy. I'm out. Peace. Come on guys. We need some green.