GGBXF - Green Growth Brands Gains $19 Million in Profits on Aphria Share Sale

Green Growth Brands (CSE:GGB) (OTC:GGBXF) announced today that it is accelerating the expiry of its takeover bid of Aphria Inc. (TSX:APHA) (NYSE:APHA) and, in turn, will be repurchasing 27.3 million common shares for aggregate consideration of $89 million CAD or a significantly discounted price of approximately $3.26 CAD per share.

Green Growth Brands reached an agreement with Aphria on Monday to accelerate the expiry time for accepting GGB’s formal offer to acquire all of the issued and outstanding common shares of Aphria by two weeks, from 5:00 p.m. EST on May 9, 2019, to 5:00 p.m. ...