TSXV:CLAS.H - Post by User
Post by
biotech1973on Nov 15, 2019 8:36am
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Post# 30355436
I am sure this statement will solve everyone's questions
I am sure this statement will solve everyone's questions
"Given the current federal legal framework inthe United States, we have made the strategic decision to divest our remaining U.S. holdings at this time in order to permit us to focus on other more immediate capital markets and strategic opportunities inCanadaand in other legal markets around the world," saidVic Neufeld, Chief Executive Officer of Aphria. "Not only does this transaction result in a significant gain to the Company it also enables Aphria to advance its existing global strategic plan unencumbered by U.S. exposure at this time." "We view this decision as only a temporary departure from investment in the U.S. cannabis industry until such time as U.S. federal cannabis laws are reformed," continued Neufeld. "We have always believed in the tremendous opportunity in the U.S. cannabis market, and that is no different today. We intend to be a significant player in the U.S. cannabis industry at the appropriate time in the future and, in the interim, we look forward to watching our strategic partner Liberty continue to execute on the many opportunities emerging today." Read more at https://stockhouse.com/news/press-releases/2018/09/06/aphria-completes-divestment-of-all-u-s-cannabis-assets-with-sale-of-remaining#Gw735o9L2E3PBGwI.99