Aphria Inc.
TSX VENTURE : APH

Aphria Inc.

March 31, 2015 17:36 ET

Aphria Retracts Previously Issued Statement

LEAMINGTON, ONTARIO--(Marketwired - March 31, 2015) - Aphria Inc. ("Aphria" or the "Company") (TSX VENTURE:APH) retracts the statement made in its press release dated March 25, 2015, wherein the Company stated that it is the only company currently positioned to sell medical marijuana to other licensed producers.

Having amended its license to sell medical marijuana on a wholesale basis to other licensed producers in Canada, management believes that is has an advantageous position as a low cost producer in the medical marijuana industry in Canada and is consequently uniquely positioned to pursue wholesale selling in Canada.

About Aphria

Aphria, a company continued under the laws of the Province of Ontario and based in Leamington, Ontario, is in the business of producing, supplying and selling medical marijuana pursuant to the Marihuana for Medical Purposes Regulations (the "MMPR"). Under the MMPR, Health Canada is responsible for the oversight of commercial medical marijuana growers such as Aphria. Aphria's common shares are listed on the TSX Venture Exchange under the ticker symbol "APH".

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", "intend" and similar expressions. 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.

Neither the TSX Venture Exchange (the "Exchange") nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Aphria Inc.
    Vic Neufeld
    President and Chief Executive Officer
    (519) 791-0129

    Aphria Inc.
    Media, Corporate and Patient Enquiries
    1-844-427-4742