LEAMINGTON, ON, June 8, 2018 /CNW/ - Aphria Inc.
("Aphria" or the "Company") ( TSX:
APH and US OTC: APHQF) today provided the following statement in reaction to the passage of Bill C-45, the Cannabis
Act, in the Senate of Canada:
Vic Neufeld, CEO of Aphria, said, "Today's passage of Bill C-45 through the Senate is a
historic milestone towards safe and legal recreational cannabis in Canada. We applaud the
government's drive to establish a rational regulatory framework for adult-use cannabis that is designed to protect public health
and safety, restrict access to youth, and eliminate the black market. It is a significant day that further cements Canada as the preeminent leader in the global cannabis sector."
"While we share the government's goal to create a highly regulated market, we want to ensure that the cannabis industry is
well positioned to responsibly meet the needs of Canadians and effectively compete with the black market, which is operating and
marketing unbound by ethical or regulatory considerations. To do this, we believe that is critical that licensed producers be
allowed to use limited forms of adult focused branding to properly educate Canadians about the differences between illegal and
legal products. We also continue to advocate to exempt medicinal cannabis from excise taxes to ensure that it is subject to the
same considerations as other medications. We encourage government to consider these changes as Bill C-45 passes through the final
stages of legalization."
"As Canada moves one step closer to adult-use cannabis legalization, Aphria is well
positioned as a global leader in the exciting cannabis market. With growing production capacity, innovative products, R&D
expertise as well as talented and experienced people, we are ready to serve the recreational adult use market and meet the needs
of Canadians. We look forward to working with government as a long-term partner to continue to position Canada as global success story," added Mr. Neufeld.
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 actual 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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