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Green Growth plays down Aphria ties : U.S. suitor says relationships with cannabis company insiders are informal and promises to file a bid within weeks

Jan 01, 2019 - The Globe and Mail (Canada)
Board and Executive Moves

Green Growth Brands Ltd.

moved to play down its business links with Aphria Inc. on Monday as it reaffirmed its intention to launch a $2.8-billion unsolicited bid for the beleaguered Canadian cannabis company.

Green Growth, based in Columbus, Ohio, revealed its plans last week to bid $11 a share in stock for Aphria, whose market value has tumbled amid questions about a recent international acquisition. It said the offer would be based on a price of $7 per Green Growth share, even thou...