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
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...