GGB

Green Growth Brands to launch bid for marijuana producer Aphria

Dec 27 (Reuters) - U.S. marijuana company Green Growth Brands Ltd said on Thursday it intends to make an offer for Aphria Inc, valuing the marijuana producer at C$2.8 billion ($2.06 billion).

Green Growth said Aphria shareholders will receive 1.5714 Green Growth shares for each of their share, representing a premium of 45.5 percent over Aphria's closing price on the Toronto Stock Exchange on Dec.24.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.