Will continue to trade under APHA ticker as of
Monday, June 8, 2020
LEAMINGTON, ON, May 26, 2020 /PRNewswire/ - Aphria Inc.
("Aphria" or the "Company") (TSX: APHA and NYSE:
APHA), a leading global cannabis company, today announced that it
will transfer its stock exchange listing from the New York Stock
Exchange ("NYSE") to The Nasdaq Global Select Market ("Nasdaq"),
effective Friday, June 5, 2020, after
the market close. The Company expects its common stock will begin
trading as a Nasdaq-listed security at market open on Monday, June 8, 2020 and will continue to be
listed under the ticker symbol "APHA." This transition will not
impact the Company's primary listing on the Toronto Stock Exchange
(TSX: APHA).
"We are excited to have Nasdaq as our new exchange partner. This
move is a reflection of our ongoing commitment to find cost
effective ways of operating so we can continue to deliver long-term
value to shareholders," said Irwin D.
Simon, Chief Executive Officer. "Additionally, as a purpose
driven Company, we believe Nasdaq will be a good fit for Aphria,
particularly given our focus on, and the progress we have made,
integrating ESG practices across our business."
"With over 76% of Nasdaq-listed companies reporting on at least
one ESG metric, we welcome Aphria to the Nasdaq family as they
strive to integrate ESG best practices across their business and
add strategic value to all of their stakeholders," said
Bob McCooey, Global Head of Capital
Markets, Nasdaq.
The last day of trading of the Company's common stock on NYSE is
expected to be Friday, June 5,
2020.
We Have A Good Thing Growing
About Aphria
Aphria Inc. is a leading global cannabis company driven by an
unrelenting commitment to our people, the planet, product quality
and innovation. Headquartered in Leamington, Ontario – the greenhouse capital
of Canada – Aphria Inc. has been
setting the standard for the low-cost production of high-quality
cannabis at scale, grown in the most natural conditions possible.
Focusing on untapped opportunities and backed by the latest
technologies, Aphria Inc. 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 Inc. drives sustainable long-term shareholder value through
a diversified approach to innovation, strategic partnerships and
global expansion.
For more information, visit: aphriainc.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain
information in this news release constitutes forward-looking
statements under applicable securities laws and are expressly
qualified by this cautionary statement. 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 Aphria's expected
transition to Nasdaq. Forward-looking statements are based on the
opinions, estimates and perception of trends of management and its
beliefs with respect to future events, as at the date the
statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking statements. Factors that may cause such differences
include, but are not limited to, risks associated with COVID-19
nationally and globally which could have a material adverse impact
on Aphria's business, operations and financial results, including
disruptions in cultivation and processing, supply chains and sales
channels, as well as a deterioration of general economic conditions
including national and/or global recessions and the response of
governments to the COVID-19 pandemic in respect of the operation of
retail stores; general economic conditions; adverse industry
events; marketing costs; loss of markets; future legislative and
regulatory developments involving cannabis or otherwise affecting
Aphria's business or its consumers generally; inability to access
sufficient capital from internal and external sources, and/or
inability to access sufficient capital on favorable terms; the
cannabis industry in Canada
generally; income tax and regulatory matters, including delays in
the issuance of licenses; the sale and distribution of vapes; the
ability of Aphria to meet its liquidity requirements to fund
ongoing operations; the ability of Aphria to implement its business
strategies; competition; crop failure; safety of derivative
cannabis products; currency and interest rate
fluctuations.
Readers are cautioned that the foregoing list is not exhaustive
and should carefully review the various risks and uncertainties
identified in the Company's filings on SEDAR and EDGAR. 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.
Neither TSX nor its Regulation Services Provider (as that term is
defined in the policies of Toronto Stock Exchange) accepts
responsibility for the adequacy or accuracy of this release.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/aphria-inc-announces-move-to-nasdaq-301065081.html
SOURCE Aphria Inc.