Dec 28 (Reuters) - Aphria Inc APHA.TO :
* APHRIA RESPONDS TO UNSOLICITED PROPOSAL BY GREEN GROWTH BRANDS
* APHRIA INC - GREEN GROWTH BRANDS "PROPOSAL FALLS SHORT OF REWARDING OUR SHAREHOLDERS"
* APHRIA INC - BOARD HAS DETERMINED THAT GGB PROPOSAL, AS IT CURRENTLY STANDS, "SIGNIFICANTLY UNDERVALUES THE COMPANY"
* APHRIA - BOARD BELIEVES THAT GGB ATTEMPTING TO ACQUIRE CO THROUGH "HIGHLY CONDITIONAL" OFFER AT "SIGNIFICANT" DISCOUNT TO ITS CURRENT & FUTURE VALUE
* APHRIA INC - GGB'S MANAGEMENT PRESENTED OFFER TO APHRIA MORNING OF DECEMBER 27, 2018
* APHRIA INC - BOARD OF DIRECTORS HAS ESTABLISHED INDEPENDENT COMMITTEE OF DIRECTORS TO CONSIDER PROPOSAL AND ANY FORMAL OFFER RECEIVED