APHRIA INC.
$225,000,690
18,987,400 Common Shares
This preliminary short form prospectus (the ‘‘Prospectus’’) qualifies the distribution (the ‘‘Offering’’) of
18,987,400 common shares (the ‘‘Offered Shares’’) of Aphria Inc. (the ‘‘Company’’ or ‘‘Aphria’’) at a price of
$11.85 per Offered Share (the ‘‘Offering Price’’).
The Offered Shares are issued pursuant to an underwriting
agreement dated June 12, 2018 (the ‘‘Underwriting Agreement’’) by and among the Company, Clarus
Securities Inc. (‘‘Clarus’’), as lead underwriter, and Canaccord Genuity Corp., Cormark Securities Inc.,
Haywood Securities Inc. and INFOR Financial Inc. (collectively, the ‘‘Underwriters’’).
The Company’s common shares (the ‘‘Common Shares’’) are currently traded on the Toronto Stock Exchange
(the ‘‘TSX’’) under the symbol ‘‘APH’’ and on the OTCQB Venture Market in the United States (the ‘‘OTCQB’’)
under the symbol ‘‘APHQF’’. On June 5, 2018, the last trading day prior to the announcement of the Offering,
the closing price of the Common Shares on the TSX was $12.16 and the closing price of the Common Shares on
the OTCQB was US$9.40. On June 11, 2018, the last trading day before the date of this Prospectus, the closing
price of the Common Shares on the TSX was $11.77 per Common Share and the closing price of the Common
Shares on the OTCQB was US$9.032.
The Company has applied to list the Offered Shares to be distributed
under this short form prospectus on the TSX. Listing will be subject to the Company fulfilling all of the
requirements of the TSX.
Price: $11.85 per Common Share
Price to the Underwriters’
Net Proceeds to
Public(1) Fee(2) the Company
(3)
Per Offered Share ..............................
$11.85 $0.5629 $11.2871
Total .......................................
$225,000,690 -$10,687,532.78 FEE
$214,313,157.22 net
http://www.stockwatch.com/News/Sedardoc.pdf?docid=4090810
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