RE:RE:RE:broken coast??RailRoader wrote: Actually broken coast has not been acquired by aphria they released a NR stated a possible deal but nothing has been written in ink yet... So till we see a NR in ink stating they have completed a deal nothing is forsure
This is false it is inked... Looks like a 60KG deal with APH over 4 years will put us way ahead of the game in the short term over the streaming deal we had. Be nice to know exactly how many APH shares we received, and cash as part of the CBW package. We do know for certain CBW had at least a 10% interest. We also know the founders of broken Coast were to receive around 80% of the package. Fill in the blanks we are getting 10-20 percent of the 14.3 Million APH shares and the 10 million in cash, and we know about the 4 year supply deal, which looks like will be more kg per year than Broken Coast will even be able to produce over the short term.
Aphria closes acquisition of Broken Coast Cannabis
2018-02-13 08:31 ET - News Release
Mr. Vic Neufeld reports
APHRIA ANNOUNCES CLOSING OF BROKEN COAST CANNABIS ACQUISITION
Aphria Inc. has closed the previously announced acquisition of Broken Coast Cannabis Inc., a leading premium cannabis producer located in British Columbia, acquiring 99.86 per cent of all of the issued and outstanding Class A common shares.
The closing was effected pursuant to the terms of a definitive share purchase agreement (SPA) dated the date hereof by and among the company and the vendors party thereto. Pursuant to the SPA, the company has acquired the Class A common shares held by the vendors for an aggregate purchase price of approximately $217-million, subject to customary adjustments. The purchase price has been satisfied by Aphria issuing to the vendors today an aggregate of 14,373,675 common shares in the capital of the company.
"We're excited to complete this transaction and add one of Canada's most-sought-after premium brands to our portfolio," said Vic Neufeld, chief executive officer of Aphria. "Broken Coast brings award-winning production of small-batch, premium-quality B.C. bud and a shared focus on production costs and profitability. When combined with Aphria's experience in scaling and supply chain management, this acquisition firmly establishes our position as a Canadian leader in premium indoor cannabis production."
Broken Coast operates a fully licensed, purpose-built, indoor cannabis production facility on Vancouver Island. As part of the transaction, Aphria approved the immediate commencement of Broken Coast's phase 4 expansion, which will increase the facility's annual capacity from 4,500 kilograms per year to 10,500 kg per year. The expansion is anticipated to be completed by late summer 2018, with first product sale occurring in early 2019.
The expansion will raise Aphria's forecasted annual production to 230,000 kg, anticipated by February, 2019, while also providing Aphria with geographic diversification, a cross-Canada distribution platform, and access to over 40,000 medical patients.