Aphria chief executive Vic Neufeld, pictured, and co-founder Cole Cacciavillani will remain on the board, the company says. “It was just time for us to move aside,” he told analysts on a call discussing Aphria’s latest quarterly earnings. The company has denied the report, but established a special committee of independent directors to review the deals. This independent committee is making “good progress,” Neufeld said Friday. There is no active offer for the company, Neufeld told analysts, and Aphria’s board of directors has established an independent committee of directors to consider proposals and formal offers received.

Source: thestar January 11, 2019 20:48 UTC