Aphria increases investment to 15%
LEAMINGTON, ONTARIO--(Marketwired - Dec. 21, 2016) - Aphria Inc. ("Aphria" or the "Company") (TSX
VENTURE:APH)(OTCQB:APHQF) is pleased to announce that the TSX - Venture Exchange provided Final Approval of the
Company's previously announced investments in Copperstate Farms, LLC and Copperstate Farms Investors, LLC.
Prior to receiving Final Approval, the Company acquired an additional 5% membership interest in Copperstate Farms Investors,
LLC, increasing its ownership to 10%, while also maintaining a 5% membership interest in Copperstate Farms Investors, LLC,
subsidiary Copperstate Farms, LLC.
About Aphria
Aphria Inc., one of Canada's lowest cost producers, produces, supplies and sells medical cannabis. Located in Leamington,
Ontario, the greenhouse capital of Canada. Aphria is truly powered by sunlight, allowing for the most natural growing
conditions available. We are committed to providing pharma-grade medical cannabis, superior patient care while balancing
patient economics and returns to shareholders. We are the first public licenced producer to report positive cash flow from
operations and the first to report positive earnings in consecutive quarters.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain information in this news release constitutes forward-looking
statements under applicable securities laws. Any statements that are contained in this news release that are not statements of
historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as
"may", "should", "anticipate", "expect", "believe", "intend" or the negative of these terms and similar expressions.
Forward-looking statements in this news release include, but are not limited to, statements with respect to internal
expectations, estimated margins, expectations for future growing capacity, the expected cash flow generation capability of
Copperstate Farms, LLC or Copperstate Farms Investors, LLC, the completion of the capital project, any commentary related to the
legalization of marijuana and the timing related thereto, expectations of Health Canada approvals and expectations with respect
to future production costs. Forward-looking statements necessarily involve known and unknown risks, including, without
limitation, risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future
legislative and regulatory developments involving medical marijuana; inability to access sufficient capital from internal and
external sources, and/or inability to access sufficient capital on favourable terms; the medical marijuana industry in Canada
generally, income tax and regulatory matters; the ability of Aphria to implement its business strategies; competition; crop
failure; currency and interest rate fluctuations and other risks.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on
forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed
will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange (the "Exchange") nor its Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.