Aphria delivers branded cannabis oil and dried flower products to Althea
LEAMINGTON, ON, April 24, 2018 /CNW/ - Aphria Inc.
("Aphria" or the "Company") ( TSX:
APH and US OTC: APHQF) announced today that its first shipment of medical cannabis to its Australian-based partner
Althea Company Pty Ltd. (" Althea
" or the "Australian Company") was received by Althea. The shipment is part of a previously announced agreement between Aphria and Althea, in which Aphria will provide the Australian
Company with packaged co-branded cannabis oil and dried flower products for the Australian medical cannabis market. Prior to
shipment, the Australian Governments' Office of Drug Control issued an import certificate and Health Canada issued an export
certificate.
"We're excited that Australian patients in need will now have access to Aphria-branded pharmaceutical-grade, clean and
safe medical cannabis through our valuable partnership with Althea," said Gregg Battersby,
Vice-President, Commercial Strategy of Aphria.
Vic Neufeld
, CEO of Aphria added, "The Australian market continues to represent a key strategic opportunity for Aphria and our
shareholders, and today marks an important step in realizing that opportunity and building our presence around the
world."
This is the first of four shipments Aphria will be making to Althea over the next 12 months, with each successive
shipment expected to increase in volume. The initial shipment included a mix of cannabis oil products and dried flower, which
Althea is making available for distribution to pharmacies for eligible medical cannabis patients in Australia.
We Have a Good Thing Growing.
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.
Aphria is committed to providing pharma-grade medical cannabis, superior patient care while balancing patient economics and
returns to shareholders.
For more information, visit: aphria.ca
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", "potential", "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 with respect to securing import or export certificates, shipment volumes,
production volumes, expectations for future growing capacity and costs, the completion of any capital project or expansions, 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.
SOURCE Aphria Inc.
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