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Aphria (APHA) approached by Green Growth Brands

  • December 31, 2018


StockAphria Inc.SymbolAPHA
Date Announced12/28/2018Source https://www.sec.gov/Archives/edgar/data/1733418/000127956918002533/ex991.htm
TypeUnsolicited BidAcquiring Company/Person Tilray, Inc.
Date of Confirmation: 12/16/2020Price at Confirmation: $8.05
Potential Profit: 28.59%Annualized Profit: 14.52%

Aphria (APHA) announced that it received an unsolicited proposal by Green Growth Brands to acquire all of the Company’s outstanding common shares in an all-stock transaction.


December 31, 2018: Green Growth Brands Inc. reaffirms its commitment to launch an offer to purchase all of the issued and outstanding common shares of Aphria Inc. (APHA) which it does not already own and welcomes early expressions of interest from Aphria shareholders who are frustrated with Aphria’s performance and absence of compelling future plans for the company.

February 06, 2019: Aphria Inc. (APHA) today announced that its Board of Directors has rejected the hostile bid by Green Growth Brands Inc. to acquire all of the outstanding common shares of the Company including any Common Shares that may become issued and outstanding after January 22, 2019.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.