The Company's portfolio of adult-use brands
will be available for sale in licensed retailers across the
province
LEAMINGTON, ON, July 5, 2018 /CNW/ - Aphria Inc. ("Aphria"
or the "Company") (TSX: APH and US OTC:
APHQF) today announced that it has signed a Supply Agreement
(the "Agreement") with the Alberta Gaming, Liquor &
Cannabis Commission ("AGLC") to provide a portfolio of
high-quality cannabis and cannabis-derivative products for sale in
Alberta's adult-use market.
"We are thrilled to be working with such a strong partner that
is equally committed to promoting responsible cannabis use," said
Jakob Ripshtein, Chief Commercial Officer at Aphria. "This
important agreement enables Aphria's adult-use brands to have a
strong presence in Alberta's
dynamic retail landscape. Through our partnership with the AGLC, we
look forward to providing access to our thoughtfully crafted
portfolio of brands that were designed to meet the diverse needs of
Alberta consumers."
Under the terms of the Agreement, the AGLC has placed an opening
order of 870 kg to be supplied from across the full portfolio of
Aphria's adult-use brands and products, including dried flower,
pre-rolls and cannabis oils. Once additional product categories,
such as vapes and edibles, are authorized under the Cannabis Act,
it is anticipated that they will also be made for sale throughout
the province, further enhancing the Company's assortment of
offerings in this market.
"As we prepare for legal sales in October, this agreement
represents yet another key milestone in our progress as we make
Canadian history," said Vic Neufeld,
Chief Executive Officer at Aphria. "We are ready to meet the needs
of Albertans as well as those across Canada with our annual production capacity
that will reach 255,000 kg in early 2019. Additionally, we are
prepared to service 100% of Alberta's retailers from Day 1 through our
recently announced partnership with Great North Distributors, in
addition to supplying Alberta's
only legal online store for adult-use cannabis at
www.albertacannabis.org."
We Have A Good Thing Growing
About Aphria
Aphria is a leading global cannabis company driven by an
unrelenting commitment to our people, product quality and
innovation. Headquartered in Leamington,
Ontario – the greenhouse capital of Canada – Aphria has been setting the standard
for the low-cost production of safe, clean and pure
pharmaceutical-grade cannabis at scale, grown in the most natural
conditions possible. Focusing on untapped opportunities and backed
by the latest technologies, Aphria is committed to bringing
breakthrough innovation to the global cannabis market. The
Company's portfolio of brands is grounded in expertly-researched
consumer insights designed to meet the needs of every consumer
segment. Rooted in our founders' multi-generational expertise in
commercial agriculture, Aphria drives sustainable long-term
shareholder value through a diversified approach to innovation,
strategic partnerships and global expansion, with a presence in
more than 10 countries across 5 continents.
For more information, visit: aphria.ca
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain
information in this news release constitutes forward-looking
statements under applicable securities laws. Any statements that
are contained in this news release that are not statements of
historical fact may be deemed to be forward-looking statements.
Forward looking statements are often identified by terms such as
"may", "should", "anticipate", "expect", "potential", "believe",
"intend" or the negative of these terms and similar expressions.
Forward-looking statements in this news release include, but are
not limited to, statements with respect to internal expectations,
estimated margins, expectations with respect to actual production
volumes, expectations of shipments to Provincial Liquor Control
Boards expectations for future growing capacity and costs, the
completion of any capital project or expansions, and expectations
with respect to future production costs. Forward-looking statements
necessarily involve known and unknown risks, including, without
limitation, risks associated with general economic conditions;
adverse industry events; marketing costs; loss of markets; future
legislative and regulatory developments involving medical
marijuana; inability to access sufficient capital from internal and
external sources, and/or inability to access sufficient capital on
favourable terms; the medical marijuana industry in Canada generally, income tax and regulatory
matters; the ability of Aphria to implement its business
strategies; competition; crop failure; currency and interest rate
fluctuations and other risks.
Readers are cautioned that the foregoing list is not exhaustive.
Readers are further cautioned not to place undue reliance on
forward-looking statements as there can be no assurance that the
plans, intentions or expectations upon which they are placed will
occur. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those
anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement.
SOURCE Aphria Inc.