Green Growth Brands Refuses to Budge on its Aphria Hostile Takeover Bid

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Green Growth Brands Comments on Offer for Aphria Inc.

COLUMBUS, OH, Feb. 6, 2019 /CNW/ – Green Growth Brands Inc. (CSE: GGB OTCQB: GGBXF) (“GGB” or the “Company”) is providing comment with respect to Aphria Inc.’s (TSX: APHA and NYSE: APHA) board of directors’ rejection of GGB’s offer to acquire all of the issued and outstanding common shares (the “Aphria Shares”) of Aphria (the “Offer”). GGB continues to believe in the opportunity to combine the two businesses and benefit both groups of shareholders.

The combined entity of Aphria and GGB would create an unparalleled North American player with both Canadian and U.S. operations. GGB’s Offer is one way to combine these businesses across borders, while creating significant value for shareholders of both companies.

Since its formation in 2018, GGB has pursued an expansion plan, including entry into new markets, designing a line of CBD-infused personal care products and through a combination of strategic partnerships, merger and acquisition activity and organic license capture. GGB intends to build out its business and sees the opportunity with Aphria as an important element of this strategy.

About the Offer

The Offer provides Aphria shareholders with 1.5714 common shares of GGB for each Aphria Share, including Aphria Shares that may become issued and outstanding after the date hereof but prior to 5:00 p.m. (Toronto time) on May 9, 2019 (the “Expiry Time”) upon the exercise, conversion or exchange of any securities of Aphria that are exercisable for, convertible into or exchangeable for Aphria Shares.

If you have any questions or require assistance, please contact Kingsdale Advisors, our Depositary and Information Agent, the information agent and depositary for the Offer, at 1-866-851-3214 (North American Toll-Free Number) or 1-416-867-2272 (Outside North America) or via email at contactus@kingsdaleadvisors.com.

Advisors

GGB has retained Canaccord Genuity as its financial advisor, Norton Rose Fulbright Canada LLP as its legal advisor, and Kingsdale Advisors as its strategic shareholder and communications advisor and depositary.

About Green Growth Brands Inc.

GGB is in the business of cultivating, processing and retailing cannabis and CBD-infused consumer products with a portfolio of emotion-driven brands that people love. Led by Peter Horvath, the GGB team is full of retail and consumer packaged goods experts with decades of experience building successful brands.

Original press release

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Published by NCV Newswire
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