LEAMINGTON, ON, Dec. 3, 2018 /CNW/ - Aphria Inc. ("Aphria"
or the "Company") (TSX: APHA and NYSE:
APHA) is aware of a short-seller report released earlier today
which Aphria believes is a malicious and self-serving attempt to
profit by manipulating Aphria's stock price at the expense of
Aphria's shareholders.
Investors should exercise caution in relying on the
misrepresentations and distortions contained in the report and
recognize that, by their own admission, Hindenburg Research
"…stands to realize significant gains in the event that the price
of any stock covered herein declines." The report also states that,
"Hindenburg Research makes no representation, express or implied,
as to the accuracy, timeliness, or completeness of [the information
in report]."
The report makes reference to the Company's LATAM acquisition
which closed on September 27,
2018. In connection with this transaction, the Board of
Directors of Aphria confirmed that it received financial advice and
a fairness opinion from a reputable firm that the consideration to
be offered by Aphria in respect of the transaction was fair, from a
financial point of view, to Aphria and its shareholders.
Shareholders should refer to the Company's
disclosure documents filed with Canadian and U.S. securities
regulatory authorities, which are available online under the
Company's SEDAR profile at www.sedar.com, the Company's EDGAR
profile at www.sec.gov or on the Company's website at
www.aphria.com.
We Have A Good Thing Growing
About Aphria
Aphria is a leading global cannabis company
driven by an unrelenting commitment to our people, product quality
and innovation. Headquartered in Leamington, Ontario – the greenhouse capital
of Canada – Aphria has been
setting the standard for the low-cost production of safe, clean and
pure pharmaceutical-grade cannabis at scale, grown in the most
natural conditions possible. Focusing on untapped opportunities and
backed by the latest technologies, Aphria is committed to bringing
breakthrough innovation to the global cannabis market. The
Company's portfolio of brands is grounded in expertly-researched
consumer insights designed to meet the needs of every consumer
segment. Rooted in our founders' multi-generational expertise in
commercial agriculture, Aphria drives sustainable long-term
shareholder value through a diversified approach to innovation,
strategic partnerships and global expansion, with a presence in
more than 10 countries across 5 continents.
For more information, visit: aphria.ca
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS: Certain information in this news release constitutes
forward-looking statements under applicable securities laws. Any
statements that are contained in this news release that are not
statements of historical fact may be deemed to be forward-looking
statements. Forward looking statements are often identified by
terms such as "may", "should", "anticipate", "expect", "potential",
"believe", "intend" or the negative of these terms and similar
expressions. Forward-looking statements in this news release
include, but are not limited to, statements with respect to
internal expectations, estimated margins, expectations with respect
to actual production volumes, expectations for future growing
capacity and costs, the completion of any capital project or
expansions, and expectations with respect to future production
costs. Forward-looking statements necessarily involve known and
unknown risks, including, without limitation, risks associated with
general economic conditions; adverse industry events; marketing
costs; loss of markets; future legislative and regulatory
developments involving medical marijuana; inability to access
sufficient capital from internal and external sources, and/or
inability to access sufficient capital on favourable terms; the
medical marijuana industry in Canada generally, income tax and regulatory
matters; the ability of Aphria to implement its business
strategies; competition; crop failure; currency and interest rate
fluctuations and other risks.
Readers are cautioned that the foregoing list is
not exhaustive. Readers are further cautioned not to place undue
reliance on forward-looking statements as there can be no assurance
that the plans, intentions or expectations upon which they are
placed will occur. Such information, although considered reasonable
by management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those
anticipated.
The forward-looking statements included in this
news release are made as of the date of this news release and the
Company does not undertake an obligation to publicly update such
forward-looking statements to reflect new information, subsequent
events or otherwise unless required by applicable securities
laws.
Forward-looking statements contained in this news
release are expressly qualified by this cautionary statement.
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SOURCE Aphria Inc.