Dec 27 (Reuters) - Green Growth Brands GGB.CD :
* GREEN GROWTH BRANDS ANNOUNCES INTENTION TO LAUNCH TAKEOVER BID FOR APHRIA INC.
* GREEN GROWTH BRANDS- OFFER VALUED AT C$11.00 PER APHRIA SHARE
* GREEN GROWTH BRANDS - OFFER VALUES APHRIA AT APPROXIMATELY C$2.8 BILLION
* GREEN GROWTH BRANDS- EXPECTS CERTAIN EXISTING SHAREHOLDERS TO COMMIT TO BACKSTOP C$300 MILLION FINANCING CONCURRENTLY WITH EXECUTING AGREEMENT WITH APHRIA
* GREEN GROWTH BRANDS - ENGAGED APHRIA'S BOARD TO ATTEMPT TO NEGOTIATE FRIENDLY BUSINESS COMBINATION
* GREEN GROWTH-EXPECTS TO COMPLETE CONCURRENT BROKERED FINANCING OF C$300 MILLION TO SHOW CONFIDENCE IN OFFER VALUE, FUND BUSINESS GROWTH OF COMBINED ENTITY
* GREEN GROWTH BRANDS- BELIEVES IT ALREADY HAS SUPPORT FOR OFFER FROM APHRIA SHAREHOLDERS HOLDING APPROXIMATELY 10% OF OUTSTANDING APHRIA SHARES
* GREEN GROWTH BRANDS - ENGAGED APHRIA'S BOARD TO NEGOTIATE A VERY SHORT EXCLUSIVITY PERIOD TO ALLOW BOTH PARTIES TO SERIOUSLY CONSIDER COMBINATION
* GREEN GROWTH BRANDS- EXPECTED THAT AFTER THE OFFERING, CO WILL CONTINUE TO BE LISTED ON CANADIAN SECURITIES EXCHANGE UNDER SYMBOL GGB
* GREEN GROWTH BRANDS - ENGAGED APHRIA'S BOARD TO NEGOTIATE A FULL GO-SHOP PROVISION IN FAVOR OF APHRIA
* GREEN GROWTH BRANDS - ENGAGED APHRIA'S BOARD TO NEGOTIATE PRESERVATION OF APHRIA'S MANAGEMENT & COMMITMENT TO BOARD REPRESENTATION AT COMBINED CO
* GREEN GROWTH BRANDS - WOULD INVEST C$50 MILLION IN EQUITY AT AN APHRIA PER SHARE VALUE OF C$11.00
* GREEN GROWTH - OFFER WILL PROVIDE APHRIA SHAREHOLDERS WITH 1.5714 COMMON SHARES OF GREEN GROWTH FOR EACH APHRIA SHARE
* GREEN GROWTH - EXPECTS OFFER, WHEN MADE, WILL REMAIN OPEN FOR ACCEPTANCE PERIOD OF AT LEAST 105 DAYS FROM DATE OF MAILING TAKE-OVER BID CIRCULAR