Green Growth Brands Offer for Aphria Inc. Expires
This press release is for informational purposes only and does not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell, any securities in any jurisdiction. See also "Notice to U.S. Holders of Aphria Shares" below.
COLUMBUS, OH, April 25, 2019 /PRNewswire/ - Green Growth Brands Inc. ("Green Growth" or the "Company") (GGB.CN) today announces that its formal offer (the "Offer") to acquire all of the issued and outstanding common shares (the "Aphria Shares") of Aphria Inc. ("Aphria") has expired. The Company will not be taking up any Aphria Shares as the conditions of the Offer have not been met. As announced on April 15, 2019, the Company entered into an agreement with Aphria to shorten the expiry time for acceptance of the Offer from 5:00 p.m. (Toronto time) on May 9, 2019 to 5:00 p.m. (Toronto time) on April 25, 2019; the Company has determined not to extend the expiry date of the Offer.
All Aphria Shares that have been tendered to the Offer will be promptly returned to Aphria shareholders.
Notice to U.S. Holders of Aphria
Shares
Green Growth has filed with the Securities and
Exchange Commission (the "SEC") a Registration Statement on
Form F-10 (the "Registration Statement") under the United
States Securities Act of 1933, as amended (together with the rules
and regulations promulgated thereunder, the "U.S. Securities
Act") pursuant to the multi-jurisdictional disclosure system
adopted by the United States, a Tender Offer Statement
on Schedule 14D-1F (the "Tender Offer Statement") under the
United States Securities Exchange Act of 1934, as amended (together
with the rules and regulations promulgated thereunder, the "U.S.
Exchange Act"), and other documents and information. Green
Growth is a foreign private issuer and permitted to prepare the
offer to purchase and takeover bid circular and related documents
in accordance with Canadian disclosure requirements, which are
different from those of the United States.
The enforcement by Aphria Shareholders of civil liabilities under U.S. federal securities laws may be affected adversely by the fact that Green Growth was amalgamated under the laws of Ontario, and Aphria was amalgamated under the laws of Ontario, some or all of their respective officers and directors may be residents of a foreign country, some or all of the experts named in the Tender Offer Statement and Registration Statement may be residents of a foreign country, and all or a substantial portion of the assets of Green Growth and Aphria and said persons may be located outside the United States.
NEITHER THE SEC NOR ANY STATE SECURITIES REGULATOR HAS OR WILL HAVE APPROVED OR DISAPPROVED OF THE OFFER, OR HAS OR WILL HAVE DETERMINED IF ANY DOCUMENTS RELATING TO THE OFFER ARE TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
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