Aphria Files Amended and Restated Base Shelf Prospectus
Aphria Inc. (TSX: APHA) (NASDAQ: APHA), a major international cannabis firm inspirational and enabling the global community to live their own life, today announced it has filed an amended and restated short form base shelf prospectus (the”Shelf Prospectus”) with the securities authorities in each of the states and territories of Canada, along with a corresponding shelf registration statement on Form F–10 (the”Registration Record “) together with the United States Securities and Exchange Commission (the”SEC”).
This Shelf Prospectus, among other things, raises the amount offered under the organization’s unique base shelf prospectus by USD $50 million, which is utilized to qualify and register the resale value of the common stocks of the Company issued as partial consideration pursuant to the conditions of this previously revealed agreement to obtain SW Brewing Company, LLC (“SweetWater”).
Aphria Inc. is a major international cannabis company inspirational and enabling the global community to reside their own life. Headquartered at Leamington, Ontario — the greenhouse funding of Canada — Aphria Inc. has been setting the benchmark for its low-cost production of high quality cannabis at scale, increased in the many ordinary conditions possible. Focusing on untapped opportunities and endorsed by the latest technology, Aphria Inc. is dedicated to bringing breakthrough invention to the worldwide cannabis marketplace. The organization’s portfolio of brands is grounded in professionally researched customer insights developed to satisfy the needs of each customer department. Rooted in our creators’ multi-generational experience in commercial farming, Aphria Inc. pushes sustainable long-term shareholder value via a diversified strategy to innovation, strategic partnerships, and worldwide growth.
The Shelf Prospectus and Registration Statement enables the organization and/or selling security holders to create offerings of common stocks, debt securities, subscription receipts, convertible securities, rights, components, warrants or some mix thereof to an aggregate of USD $550 million (or the equivalent thereof in other currencies dependent on the applicable exchange rate at the time of any offering) throughout the 25-month interval the Shelf Prospectus is successful.
The total USD $500 million allocated under the initial prospectus and registration statement was used for past issuances or booked for the issuance of shares underlying warrants and the resale value of their convertible notes or the most common shares issuable upon conversion of these notes from the holders of these securities. If the organization and/or selling security holders opt to provide securities in this period of time, the particular provisions, for example, utilization of proceeds from any offering, will be put forth in a related prospectus supplement into the Shelf Prospectus, which will be filed with the applicable Canadian securities regulatory authorities and the SEC.
A replica of this Shelf Prospectus are available on SEDAR in www.sedar.com plus a copy of this Registration Statement can be seen on EDGAR in www.sec.gov.
The Registration Statement was filed with the SEC but hasn’t been effective. No securities of this firm might be sold nor may offers to purchase such securities be accepted prior to the time that the Registration Statement becomes effective. This media release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful before registration or credentials under the securities legislation of such a jurisdiction.