RE:RE:RE:RE:RE:RE:RE:Bought Deal Meaning? 1,000,000 greenhouse growing square feet
LINK : re. Bought deal of 50 million @ 5$ per share closing Febtuary 24
" The Company expects that 80% of the net proceeds of the Offering will be allocated towards the currently unfunded portion of Part IV Expansion, with the balance being allocated towards strategic investments. "
LINK ;
https://aphria.com/assets/reports/APH_-_2017_01_January_16_-_Part_IV1.pdf
Leamington, Ontario – January 16, 2017 – Aphria Inc. (“Aphria” or the “Company”) (TSX-V: APH and US OTC: APHQF) is pleased to announce that its Board approved a $137 million capital project, known internally as Part IV expansion (“Part IV”). The project will increase Aphria’s capacity under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) from 300,000 square feet to 1,000,000 square feet. In addition to the 1,000,000 greenhouse growing square feet, the Company’s infrastructure will grow to over 250,000 square feet, necessary to service the expected 70,000 kilograms of eventual annualized harvests.