Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) on Thursday announced the expiration of its formal offer to acquire all of the issued and outstanding common shares of Aphria Inc. (TSX: APHA) (NYSE: APHA). According to the update, the company will not be taking up any Aphria shares as the offer conditions have not been met. As announced on April 15, 2019, Green Growth Brands and Aphria entered into an agreement to shorten the offer acceptance expiry time from 5:00 PM (Toronto time) on May 9, 2019 to 5:00 PM (Toronto time) on April 25, 2019. The company has determined not to extend the offer expiry date, and all Aphria shares tendered to the offer will be promptly returned to Aphria shareholders.
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About Green Growth Brands
Green Growth Brands creates remarkable experiences in cannabis and CBD, led by CEO Peter Horvath and a leadership team of consumer-focused retail experts. The company’s brands include CAMP, Seventh Sense Botanical Therapy, The+Source, Green Lily and Meri + Jayne, with a licensing agreement with the Greg Norman Brand. Already boasting the strongest sales per square feet in the cannabis industry, GGB is expanding its presence in Nevada, Massachusetts and Arizona with CBD presence at ShopSeventhSense.com, in malls across the country and at DSW shoe stores—and that’s just the beginning. For more information, visit the company’s website at www.GreenGrowthBrands.com.
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