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BRIEF-Green Growth Brands Reaffirms Commitment To Takeover Aphria Inc.

Published 2018-12-31, 03:26 p/m
© Reuters.  BRIEF-Green Growth Brands Reaffirms Commitment To Takeover Aphria Inc.
GGB
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Dec 31 (Reuters) - Xanthic Biopharma Inc GGB.CD :

* GREEN GROWTH BRANDS REAFFIRMS COMMITMENT TO TAKEOVER APHRIA INC.

* GREEN GROWTH BRANDS REAFFIRMS APHRIA SHAREHOLDERS WILL MAINTAIN CONTROL OF PRO FORMA ENTITY, WITH ABOUT 60% OWNERSHIP

* GREEN GROWTH BRANDS - NOT A RELATED PARTY TO APHRIA

* GREEN GROWTH BRANDS - APHRIA DOES NOT OWN ANY SHARES OF CO, NOR DO ANY OF APHRIA'S DIRECTORS SIT ON CO'S BOARD

* GREEN GROWTH BRANDS - APHRIA CEO HAS "NO INFLUENCE OVER GREEN GROWTH "

* GREEN GROWTH BRANDS - INFORMAL RELATIONSHIPS THAT MAY EXIST SEPARATE FROM GREEN GROWTH'S BUSINESS DECISIONS, HAS NO RELATED PARTY INFLUENCE WITH APHRIA

* GREEN GROWTH BRANDS - APHRIA DOES NOT HAVE RELATED PARTY INFLUENCE OVER GREEN GROWTH

* GREEN GROWTH BRANDS - GREEN GROWTH SHAREHOLDERS TO HAVE ABOUT 34% OWNERSHIP INTEREST, WITH SUBSCRIBERS TO C$300 MILLION FINANCING ABOUT 6% OWNERSHIP INTEREST

* GREEN GROWTH BRANDS - HAS CONFIRMED SCHOTTENSTEIN FAMILY DOES NOT OWN APHRIA SHARES

* GREEN GROWTH BRANDS - OVER 10% OF APHRIA'S SHAREHOLDERS HAVE ALREADY INDICATED THEIR SUPPORT OF GREEN GROWTH'S OFFER

* GREEN GROWTH BRANDS - SHAWN DYM IS NOT A DIRECTOR ON GREEN GROWTH'S BOARD

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