Aphria Appoints Brett D. Marchand as Senior Vice President of Supply Chain

Leamington, Ontario – February 08, 2019 – Aphria Inc. (“Aphria” or the “Company”) (TSX:APHA and NYSE:APHA) today announced the appointment of Brett D. Marchand as Senior Vice President of Supply Chain effective February 11, 2019. Previously, Mr. Marchand was Vice President of Supply Chain and Logistics Canada at The Northwest Company (“NWC”) where he was responsible for overseeing a supply network that supported 140 remote access retail grocery and general merchandise stores across Canada’s North. “I am pleased to welcome Brett, a distinguished veteran and highly accomplished leader, into the Aphria family,” said Jakob Ripshtein, President of Aphria. “Brett’s tenure in similar roles across a broad scale of growth-focused companies has led to an impressive record of optimizing corporate operational strategies and maximizing profitability. With the addition of leaders like Brett, Aphria continues to build bench strength that will propel the Company's growth as the cannabis industry evolves.” Mr. Marchand carries a wealth of global experience across a broad base of industry sectors including transportation, oil and gas, dairy and the public sector. He began his career by joining the Canadian Armed Forces (“CAF”) as a Military Transportation Officer serving in both Canada and Germany. Upon retirement from the CAF, Mr. Marchand held leadership roles at Manitoulin Transport, The International Group, Maple Leaf Foods, and Lactalis American Group. He brings more than 35 years of strategic supply chain experience to his role at Aphria where he will be responsible for leading supply chain operations including demand forecasting, supply planning and inventory control. “Having grown up in South Western Ontario, I welcome the opportunity to return to the Leamington area, while working in a rapidly evolving and exciting industry, said Mr. Marchand. “I look forward to helping shape Aphria’s future through supply chain excellence and empowering the Company's continued growth as a leading global cannabis company.” We Have A Good Thing Growing

About Aphria Aphria is a leading global cannabis company driven by an unrelenting commitment to our people, product quality and innovation. Headquartered in Leamington, Ontario – the greenhouse capital of Canada – Aphria has been setting the standard for the low-cost production of safe, clean and pure pharmaceutical-grade cannabis at scale, grown in the most natural conditions possible. Focusing on untapped opportunities and backed by the latest technologies, Aphria is committed to bringing breakthrough innovation to the global cannabis market. The Company’s portfolio of brands is grounded in expertly-researched consumer insights designed to meet the needs of every consumer segment. Rooted in our founders’ multi-generational expertise in commercial agriculture, Aphria drives sustainable long-term shareholder value through a diversified approach to innovation, strategic partnerships and global expansion, with a presence in more than 10 countries across 5 continents. For more information, visit www.aphria.ca

Green Growth Brands To Work With Tilray; Comes After GGB Commented on Offer for Aphria

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Alert Sent 2019-02-07 08:44:03 AM ET

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Update - Green Growth Brands To Work With Tilray; Comes After GGB Commented on Offer for Aphria

2019-02-07 08:43:37 AM ET (MT Newswires)



08:43 AM EST, 02/07/2019 (MT Newswires) -- Green Growth Brands Inc. (CSE: GGB, OTCQB: GGBXF) said Thursday that GGB Beauty LLC, a subsidiary, has executed a licensing agreement as of February 6, 2019 with Authentic Brands Group (ABG) and the Greg Norman brand. According to a related statement, the agreement is to develop a line of cannabidiol (CBD) infused personal care products designed for active adult men and women. As part of this arrangement, the company will be working with Tilray Inc. (TLRY) as the preferred supplier of the CBD ingredients to be used in these products.


Overnight Wednesday, GGB commented with respect to Aphria Inc.'s (TSX: APHA and NYSE: APHA) rejection of GGB's offer to acquire all of the issued and outstanding common shares of Aphria. GGB said it "continues to believe in the opportunity to combine the two businesses and benefit both groups of shareholders."


APHA was at last look down near 5% in US pre-market trade, having lost 9.4% on the NYSE yesterday.


GGB's statement in relation to Aphria said: "The combined entity of Aphria and GGB would create an unparalleled North American player with both Canadian and U.S. operations. GGB's Offer is one way to combine these businesses across borders, while creating significant value for shareholders of both companies. 


"Since its formation in 2018, GGB has pursued an expansion plan, including entry into new markets, designing a line of CBD-infused personal care products and through a combination of strategic partnerships, merger and acquisition activity and organic license capture. GGB intends to build out its business and sees the opportunity with Aphria as an important element of this strategy."


This comes after the chairman of Aphria said GGB's unsolicited all stock takeover offer significantly undervalues the Canadian pot company, adding that it's leaving the door open to other potential suitors, according to a BNN Bloomberg report late Wednesday afternoon. 


Earlier Wednesday, Aphria -- which has delayed in delivering, as promised, a line by line response to a short seller report of a few weeks ago that related to some of its overseas aquisitions -- rejected the hostile bid by GGB as "significantly undervalued and inadequate." 


Aphria shares -- which lost 9% on the TSX, Wednesday -- nearly halved towards the end of 2018 after the release of the controversial short seller report, but had shown signs of recovery of late, up to yesterday.


The GGB offer provides Aphria shareholders with 1.5714 common shares of GGB  for each Aphria share, including Aphria shares that may become issued and outstanding after the date hereof but prior to 5pm (Toronto time) on May 9, 2019 upon the exercise, conversion or exchange of any securities of Aphria that are exercisable for, convertible into or exchangeable for Aphria shares.