Aphria Inc.'s female C-Suite composition cited
as main driver for recognition
LEAMINGTON, ON, March 27, 2020 /CNW/ - Aphria Inc.
("Aphria" or the "Company") (TSX: APHA and NYSE:
APHA), a leading global cannabis company, today is pleased to
announce it has earned a spot on the Globe and Mail's
inaugural Report on Business Women Lead Here ("Women Lead
Here") list, an annual benchmark of executive gender diversity
in corporate Canada. Launched in
2020, Women Lead Here uses proprietary research methodology
to rank Canadian companies that have achieved or are nearing gender
parity in executive ranks.
In 2019, Aphria set a goal for its Executive Officers and Board
of Directors to be comprised of 30 per cent females by 2021. As of
November 2019, two years ahead of
time, the Company's C-Suite is comprised of more females than males
and it has met its Board of Directors goal.
"To be recognized by the Globe and Mail in its inaugural Women
Lead Here Benchmark report is truly an honour," said Irwin D. Simon, Chief Executive Officer. "It
goes without saying there is a lack of women in leadership
positions at corporations large and small, which is why this award
is so important. Today, and every day, we are proud to celebrate
the infallible and unflappable women that make up nearly 60 per
cent of Aphria Inc.'s C-Suite and 30 per cent of our Board."
To celebrate this year's International Women's Day, Mr.
Simon published a piece on the gender leadership gap - highlighting
the fact that it's not reflected in Aphria C-Suite.
In late 2019, Report on Business conducted a journalistic
analysis of the 500 largest publicly traded Canadian companies,
evaluating the ratio of female-identifying to male-identifying
executives in each of the top three tiers of executive leadership.
The resultant data was applied to a weighted formula that also
factored in company performance and other variables. In total, 74
corporations earned Women Lead Here title this year, with a
combined average of 44% of executive roles held by
female-identifying individuals.
The full list of 2020 Women Lead Here honourees can be
found in the April issue of Report on Business magazine, out
now, and online at tgam.ca/WomenLeadHere.
On COVID-19
Aphria Inc. continues to closely monitor and respond where
possible to the ongoing COVID-19 situation. The Company remains
committed to providing best in class care and service to our valued
patients and customers – facilities are currently open and
operational with heightened measures in place to protect the health
and wellbeing of employees, vendors, partners and their families.
The Company is committed to enhancing these measures and
implementing other necessary practices as the situation
warrants.
About Aphria Inc.
Aphria Inc. is a leading global cannabis company driven by an
unrelenting commitment to our people, the planet, product quality
and innovation. Headquartered in Leamington, Ontario – the greenhouse capital
of Canada – Aphria Inc. has been
setting the standard for the low-cost production of high-quality
cannabis at scale, grown in the most natural conditions possible.
Focusing on untapped opportunities and backed by the latest
technologies, Aphria Inc. 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 Inc. drives sustainable long-term shareholder value through
a diversified approach to innovation, strategic partnerships and
global expansion.
For more information, visit: aphriainc.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain
information in this news release constitutes forward-looking
statements under applicable securities laws and are expressly
qualified by this cautionary statement. 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 actions taken by Aphria
to respond to the COVID-19 situation or otherwise. Various
assumptions were used in drawing the conclusions or making the
projections contained in the forward-looking statements throughout
this news release. Forward-looking statements are based on the
opinions, estimates and perception of trends of management and its
beliefs with respect to future events, as at the date the
statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking statements. 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 cannabis or otherwise affecting
Aphria's business or its consumers generally; inability to access
sufficient capital from internal and external sources, and/or
inability to access sufficient capital on favorable terms; the
cannabis industry in Canada
generally, income tax and regulatory matters, including delays in
the issuance of licenses, the sale and distribution of vapes; the
ability of Aphria to meet its liquidity requirements to fund
ongoing operations; the ability of Aphria to implement its business
strategies; competition; crop failure; safety of derivative
cannabis products; public health crises (such as COVID-19);
currency and interest rate fluctuations.
Readers are cautioned that the foregoing list is not exhaustive
and should consider as other factors discussed under the heading
"Risk Factors" in Aphria's most recent Annual Information Form and
under the heading "Industry Trends and Risks" in Aphria's
Management's Discussion and Analysis for the three months ended
November 30, 2019, each available on
SEDAR at www.sedar.com and on EDGAR at www.sec.gov. 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.
The forward-looking statements included in this news release are
made as of the date of this news release and the Company does not
undertake an obligation to publicly update such forward-looking
statements to reflect new information, subsequent events or
otherwise unless required by applicable securities laws.
Neither TSX nor its Regulation Services Provider (as that term is
defined in the policies of Toronto Stock Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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SOURCE Aphria Inc.