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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

Post by Daredevil1964on Sep 26, 2020 7:02pm
337 Views
Post# 31625870

From Aleafia 2 different sources. On August 12th Aleafia

From Aleafia 2 different sources. On August 12th Aleafia Reported Q2 ER and it is accounted for Under Cash and marketable securities. Aleafia's Q2 ended on June 30 2020. It is there. Now, Under Aphria I have no idea where it is itemized, in Q4 ER ending May 31. I cannot find the exact specifics of where it is listed. Perhaps someone could call Aphria or email Carl and find this out, so there is no doubt. Again it is listed in Aleafia's ER and is referenced in the canference call dated August 12 2020 for the q2 ending June 30. 

Aphria personally cannot find it in the financial statements specifically. 

https://www.globenewswire.com/news-release/2020/08/12/2077009/0/en/Aleafia-Health-Announces-Second-Quarter-2020-Results.html

  1. Settlement of Claim

    On June 25, 2020, the Company announced that Emblem and Aleafia Health entered into a settlement agreement (the “Settlement Agreement”) with Aphria to resolve their outstanding dispute in respect of the termination of the parties’ wholesale cannabis supply agreement. Under the terms of the Settlement Agreement, Emblem received total consideration of $29.1 million, comprised of $15.5 million cash payment, the issuance of common shares of Aphria with an aggregate market value of $10.0 million that are freely tradeable and transferable in Canada and a waiver of claimed receivables.
https://www.aleafiahealth.com/news-releases/3945/

h) Settlement of Claim

On June 25, 2020, the Company announced that Emblem and Aleafia Health entered into a settlement agreement (the “Settlement Agreement”) with Aphria to resolve their outstanding dispute in respect of the termination of the parties’ wholesale cannabis supply agreement. Under the terms of the Settlement Agreement, Emblem received total consideration of $29.1 million, comprised of $15.5 million cash payment, the issuance of common shares of Aphria with an aggregate market value of $10.0 million that are freely tradeable and transferable in Canada and a waiver of claimed receivables.


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