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

NDAQ:APHA - Post by User

Aphria Inc.

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Comment by greenupon Oct 30, 2019 3:00pm

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Post# 30288077

RE:RE:Share ownership requirement

He's required to own 3 times his base salary( $1m annually) worth of shares within 5 years after his start date. He has 4 options to fulfill this obligation.

kingbear wrote: Where does it state Simon is required to have 3x share ownerships? Thanks.

greenup wrote: FYI

Simon's base salary is $1m, he is required to have 3x share ownership within 5 year from the start date.

He hasnt accumulated jackshyt, this tells me that he is expecting some more growing pains and thus further sp reduction?????

The following may be used in determining share ownership: 1. Shares owned directly (including through open market purchases); 2. Shares owned jointly or separately by the individual’s spouse; 3. Shares held in trust for the benefit of the officer or director, their spouse, and/or children residing at the same residence; and 4. Vested DSUs and vested RSUs.

Name Annual base salary Actual ownership Total ownership as a multiple base salary Required ownership(1) Vested Deferred Share Units Common Shares beneficially owned Total ownership ($) ($/#) ($/#) ($/#) ($) Irwin D. Simon 1,000,000 Nil Nil Nil 0.0 × 3 ×