Green Growth bid for Aphria expires, Aphria gets $89 million payment

Jeremy C. Owens - finance.yahoo.com Posted 5 years ago

Green Growth Brands Inc.'s bid to acquire Canadian marijuana company Aphria Inc. expired Thursday afternoon, and Aphria will receive $89 million. Green Growth, a U.S. pot company funded by a billionaire family in Ohio, originally made the all-stock offer at the end of last year. "We are pleased to have this resolved in a favorable manner," Aphria's interim Chief Executive, Irwin Simon, said in a statement. The two sides had agreed earlier this month to accelerate the expiration and settled on the payment, which comes from Green Growth repurchasing its shares.

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