Aphria Inc. APHA

Aphria, which is headquartered in Ontario, produces and sells medicinal and recreational cannabis. The company operates through retail and wholesale channels in Canada and internationally. Aphria is a main distributor of medical cannabis to Germany and has operations in over 10 countries outside of Canada. However, it does not have exposure to the U.S. CBD or THC markets due to the constraints of federal prohibition. It has some U.S. exposure through the acquisition of SweetWater, a craft brewer

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Aphria Inc. > Under the terms of the Settlement Agreement, Emblem

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Comment by hevinon Jun 25, 2020 9:41am

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Post# 31189701

RE:Under the terms of the Settlement Agreement, Emblem

I look forward to continuing never purchasing anything by Alefia, and only products made by Aprhia.....

Daredevil1964 wrote:
shall receive total consideration of C$29,100,000 comprised of a C$15,500,000 cash payment, the issuance of common shares of Aphria with an aggregate market value of C$10,000,000 that will be freely tradeable and transferable in Canada and waiver of claimed receivables. The parties have also agreed to a mutual release of all existing and potential claims, and to the dismissal of the arbitration proceedings that had previously been commenced.

"We are pleased to have arrived at an amicable resolution to this matter," said Irwin D. Simon, Chief Executive Officer, Aphria Inc. "Today's settlement announcement allows all of us to avoid unnecessary distraction and the potential expense of prolonged litigation, and importantly, to continue to focus on the future."

This settlement ends any and all potential claims and litigation against and between Aphria, Emblem, and Aleafia Health relating to the Supply Agreement.