 Hey guys, this is ritz from rich to be live and the news is just getting worse and worse for aphria It gets its first downgrade since short sellers presentation This is just getting uglier and uglier by the second. It's down 16% Yet again, that's right. So we like they've lost like what like 50 60% in a period of Couple days so it is just been decimated by this news It continues to go down and it doesn't look like it's an end in sight Wow, the New York Stock Exchange halted aphria in the pre-market session Yesterday the trading resumed after aphria clarified allegations about its Latin Latin American business So there's just all kinds of problems right now aphria inked down 16% a target of short seller presentations earlier this week Just got its first downgrade from the street eight capitals Graham crindler cited uncertainty around the company's following Mondays allegations for the downgrade to neutral from buy aphria's management team needs to make significant strides to rebuild trust and investor confidence in the market Crindler writes in a research note. He remains uncertain with respect to future legal and regulatory issues aphria shells shares fell 44% over the prior to trading sessions following quintessential capital short analysis at The case learning shorting conference prompting crindler to subsequently amend his price targets 68% to seven dollars per share from 22 per share shares extended to the client Wednesday in Toronto down 2.6% but it's actually clearly down right now 16% it is ugly They're not the only stock that's down. Can it be growth is down or cannabis is down is this pulling down the whole sector I want to know what you guys think shares extended the decline Wednesday in Toronto down 2.6% The potential for aphria to partner to be acquired by big players in the alcohol Tobacco or pharmaceuticals industry has likely decreased Significantly in the short term following release of the short report Crindler wrote while potential partners will likely look elsewhere in the cannabis universe on Monday marijuana Producer Kronos group ink confirmed it's in talks about a potential investment from Altria group ink a Capital's downgrade follows GMP securities analyst Martin Landry Removing his price target and putting his rating under review Tuesday This is unbelievable. What do you guys think about this now? Remember receive you live is strictly for education entertainment purposes always do your due diligence always do your research before you invest in anything The entire market is down. It's down bad. Be very very careful. The market right now is very Bearish, okay? It is a bloodbath. So please be careful. You can see the Canadian index is down dramatically right now and It could get worse. So we don't know how low it's gonna go. We don't know It's it's just it's it's just crazy how how ugly it's gotten But I can assure you that we will bring in the news as it happens Afria now down 15% kind of doing slight bounce back at five dollars and nine cents What will be the bottom? We are literally hunting the bottom right now and Everyone's downgrading the stock. There's going to be another report apparently issue tomorrow Guys, let me know what you think comment down below. What do you think about this news? They're being downgraded the stock is going down. Are you gonna buy this? Are you staying away from it? Everything is right right now pretty much in the cannabis sector Love to know your opinion. You can follow your board rich join our secret stock picks group Follow us on all social media. We bring it the news and we bring it to you first Afria being downgraded. What do you think about this? Do you think that this is going to go to zero what some of these people are saying? I don't believe this is going to go to zero But there will be a bottom the question is what will the bottom be you can see it's bouncing back a little bit now now up To five dollars and eleven cents down fourteen percent. So do you think this is the bottom? Do you think it goes lower? Let me know what you think comment down below share this video everywhere If you're not winning you're definitely not watching The cannabis sector will be back Right now. It is really ugly. Be careful Try to stay in cash if you can let's try to find the bottom. We'll be here every day hunting the bottom Thank you for all your support. We broke 18,000 subscribers None of this would have been possible without you guys and we will get through this and we will have a resurrection in the cannabis sector You can book it. This is your boy rich And i'm out Peace Come on afria another downgrade