Aphria says price paid in Latam deal was ‘acceptable’
Canadian cannabis company Aphria Inc. said Friday a special committee has concluded a review of the September acquisition of Latam Holdings Inc. and found conflicts of interest for some of its board members.
The committee did, however, find that the price paid was within an “acceptable” range compared with comparable deals done by its competitors, albeit near the high end of that range.
“Based on further information available to the special committee, it appears that certain of the non-independent directors of the company had conflicting interests in the acquisition that were not fully disclosed to the board,” the company said in a statement.
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