APH Analyst Coverage

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Analyst reports are proprietary and are not to be distributed without approval. Following is contact information for all sell-side research analysts that the company is aware are covering Aphria. Aphria in no way endorses or adopts information contained in the reports published by these analysts. Please contact them directly for reports.

https://aphria.ca/investors/analystcoverage/

FIRM	ANALYST	PHONE NUMBER	EMAIL ADDRESS
Clarus Securities Inc	Noel Atkinson	416-343-3352	natkinson@clarussecurities.com
VIII Capital	Daniel Pearlstein	647-253-1160	dpearlstein@viiicapital.com
GMP Securities Inc.	Martin Landry	514-288-4016	mlandry@gmpsecurities.com
Haywood Securities	Neal Gilmer	416-507-2759	ngilmer@haywood.com
P I Financial	Jason Zandberg	604-718-7541	jzandberg@pifinancial.com
AltaCorp Capital Inc.	Keith Carpenter	647-776-8240	KCarpenter@altacorpcapital.com

Anonymous To The Sell Side...

Now 2nd Biggest Seller

1 Anonymous

538,515

6,235,078

11.578

700,264

8,113,479

11.586

-161,749

1,878,401

House Positions for C:APH from 20180614 to 20180614

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
79 CIBC	470,022	5,433,532	11.56	718,085	8,303,185	11.563	-248,063	2,869,653
1 Anonymous	538,515	6,235,078	11.578	700,264	8,113,479	11.586	-161,749	1,878,401
9 BMO Nesbitt	33,184	383,202	11.548	67,110	774,913	11.547	-33,926	391,711
58 Qtrade	5,447	62,701	11.511	25,342	293,526	11.583	-19,895	230,825
28 BBS	89	1,034	11.618	5,000	57,200	11.44	-4,911	56,166
76 Industrial Alliance	0			4,184	48,533	11.60	-4,184	48,533
72 Credit Suisse	0			3,000	34,411	11.47	-3,000	34,411
36 Latimer	379	4,378	11.551	1,554	17,893	11.514	-1,175	13,515
57 Interactive	178	2,060	11.573	1,271	14,747	11.603	-1,093	12,687
48 Laurentian	0			880	10,146	11.53	-880	10,146
19 Desjardins	5,688	65,844	11.576	6,520	75,254	11.542	-832	9,410
99 Jitney	32,200	372,667	11.574	33,000	381,321	11.555	-800	8,654
124 Questrade	42,082	487,939	11.595	41,448	479,271	11.563	634	-8,668
56 Edward Jones	638	7,370	11.552	0			638	-7,370
15 UBS	1,512	17,492	11.569	750	8,680	11.573	762	-8,812
88 Credential	1,110	12,727	11.466	150	1,734	11.56	960	-10,993
70 Manulife	1,000	11,590	11.59	0			1,000	-11,590
143 Pershing	3,993	46,001	11.52	2,720	31,354	11.527	1,273	-14,647
59 PI	1,475	17,158	11.633	0			1,475	-17,158
14 ITG	2,660	30,807	11.582	0			2,660	-30,807
74 GMP	3,010	34,525	11.47	0			3,010	-34,525
80 National Bank	16,730	193,307	11.555	11,775	136,470	11.59	4,955	-56,837
22 Fidelity	20,595	238,243	11.568	11,492	132,786	11.555	9,103	-105,457
53 Morgan Stanley	38,085	442,224	11.612	12,702	146,883	11.564	25,383	-295,341
13 Instinet	60,619	700,286	11.552	32,800	378,816	11.549	27,819	-321,470
2 RBC	132,242	1,529,665	11.567	102,146	1,181,476	11.567	30,096	-348,189
85 Scotia	106,672	1,231,713	11.547	73,397	849,012	11.567	33,275	-382,701
89 Raymond James	46,471	538,253	11.583	12,619	145,724	11.548	33,852	-392,529
33 Canaccord	110,595	1,281,875	11.591	70,800	819,342	11.573	39,795	-462,533
39 Merrill Lynch	139,699	1,619,115	11.59	71,845	831,811	11.578	67,854	-787,304
65 Goldman	84,800	981,448	11.574	0			84,800	-981,448
7 TD Sec	525,094	6,077,632	11.574	413,930	4,791,899	11.577	111,164	-1,285,733
TOTAL	2,424,784	28,059,866	11.572	2,424,784	28,059,866	11.572	0	0

This morning the were a buyer

1 Anonymous

276,237

3,193,411

11.56

277,079

3,202,817

11.559

-842

9,406

House Positions for C:APH from 20180614 to 20180614

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
7 TD Sec	276,096	3,189,467	11.552	197,220	2,278,345	11.552	78,876	-911,122
65 Goldman	45,200	522,229	11.554	0			45,200	-522,229
85 Scotia	71,969	829,074	11.52	41,968	484,328	11.54	30,001	-344,746
13 Instinet	41,720	480,955	11.528	25,200	290,693	11.535	16,520	-190,262
53 Morgan Stanley	18,006	208,931	11.603	4,125	47,425	11.497	13,881	-161,506
89 Raymond James	14,898	172,244	11.562	10,889	125,649	11.539	4,009	-46,595
22 Fidelity	12,540	144,722	11.541	8,538	98,626	11.551	4,002	-46,096
2 RBC	67,121	774,419	11.538	63,265	730,454	11.546	3,856	-43,965
74 GMP	3,010	34,525	11.47	0			3,010	-34,525
88 Credential	1,100	12,612	11.465	150	1,734	11.56	950	-10,878
14 ITG	800	9,201	11.501	0			800	-9,201
80 National Bank	4,240	48,617	11.466	3,720	43,023	11.565	520	-5,594
143 Pershing	1,962	22,455	11.445	1,620	18,612	11.489	342	-3,843
15 UBS	312	3,565	11.426	100	1,144	11.44	212	-2,421
56 Edward Jones	171	1,956	11.439	0			171	-1,956
57 Interactive	28	322	11.50	100	1,159	11.59	-72	837
33 Canaccord	33,900	391,257	11.542	34,700	400,497	11.542	-800	9,240
1 Anonymous	276,237	3,193,411	11.56	277,079	3,202,817	11.559	-842	9,406
48 Laurentian	0			880	10,146	11.53	-880	10,146
36 Latimer	178	2,053	11.534	1,089	12,505	11.483	-911	10,452
19 Desjardins	3,403	39,371	11.569	5,830	67,227	11.531	-2,427	27,856
72 Credit Suisse	0			3,000	34,411	11.47	-3,000	34,411
28 BBS	88	1,023	11.625	5,000	57,200	11.44	-4,912	56,177
99 Jitney	19,200	221,829	11.554	25,200	290,995	11.547	-6,000	69,166
39 Merrill Lynch	15,392	177,731	11.547	26,260	303,012	11.539	-10,868	125,281
58 Qtrade	3,655	41,939	11.474	18,911	218,924	11.577	-15,256	176,985
124 Questrade	8,588	99,514	11.588	24,335	281,103	11.551	-15,747	181,589
9 BMO Nesbitt	25,087	289,386	11.535	56,333	649,895	11.537	-31,246	360,509
79 CIBC	263,921	3,043,893	11.533	373,310	4,306,777	11.537	-109,389	1,262,884
TOTAL	1,208,822	13,956,701	11.546	1,208,822	13,956,701	11.546	0	0