🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

CORRECTED-Canada's Aphria to sell medical marijuana to Loblaws' pharmacy chain

Published 2017-12-04, 04:25 p/m
© Reuters.  CORRECTED-Canada's Aphria to sell medical marijuana to Loblaws' pharmacy chain
L
-
APHA
-

(Corrects time of trade resumption in last paragraph)

By Nichola Saminather

TORONTO, Dec 4 (Reuters) - Canadian marijuana producer Aphria Inc . APH.TO said on Monday it had entered into an agreement to sell medical cannabis to Loblaw Companies' L.TO pharmacy chain Shoppers Drug Mart.

Aphria will supply Shoppers with medical cannabis products to be sold online, the company said in a statement. The agreement is subject to government approval of Shoppers' application to be a licensed producer, Aphria said.

Aphria inc APH.TO shares were halted from trading ahead of the announcement and will resume trading at 4:30 p.m. EST in Toronto (2130 GMT).

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.