LEAMINGTON, ON, July 6, 2020
/PRNewswire/ - Aphria Inc. ("Aphria") (TSX: APHA and
NASDAQ: APHA), a leading global cannabis company, today announced
that it has issued 1,658,375 common shares (the "Settlement
Shares") to Emblem Cannabis Corporation ("Emblem"), a
wholly owned subsidiary of Aleafia Health Inc. (TSX: AH, OTC:
ALEAF) ("Aleafia Health") as part of a settlement agreement
entered into between the parties and previously disclosed on
June 25, 2020.
The Settlement Shares were issued in Canada by way of a prospectus supplement to
Aphria's base shelf prospectus dated November 22, 2019 and in reliance on Regulation S
under the U.S. Securities Act of 1933, as amended (the "U.S.
Securities Act"). Copies of the prospectus supplement and base
shelf prospectus are available under Aphria's profile on SEDAR at
This press release is neither an offer to sell nor the
solicitation of an offer to buy the Settlement Shares or any other
securities and shall not constitute an offer, solicitation or sale
in any jurisdiction in which such offering, solicitation or sale
would be unlawful. The offer and sale of the Settlement Shares have
not been, and will not be, registered under the U.S. Securities Act
or the securities laws of any state of the United States and, accordingly, may not be
offered, sold or delivered, directly or indirectly, in the United States except pursuant to an
exemption from registration under the U.S. Securities Act and
applicable state securities laws.
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
For more information, visit: aphriainc.com
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SOURCE Aphria Inc.