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Green Growth Brands Files to Accelerate Expiration of Aphria Bid
Green Growth Brands Files to Accelerate Expiration of Aphria Bid.
About this update from Green Growth Brands Inc
[{"type":"text","content":"\n\n\n\nGreen Growth Brands Files to Accelerate Expiration of Aphria Bid\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nGreen Growth Brands Files to Accelerate Expiration of Aphria Bid\nCanada NewsWire\nCOLUMBUS, OH, April 15, 2019\n\n\n\nThis press release is for informational purposes only and does not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell, any securities. The offer to acquire Aphria Shares and to issue securities of the Green Growth is made solely by, and subject to the terms and conditions set out in, the Offer to Purchase and Circular, as varied by the Notice of Variation, and letter of transmittal and notice of guaranteed delivery.  See also \"Notice to U.S. Holders of Aphria Shares\" below.\nGGB initiates 27.3 million share buyback from GA Opportunities which would result in the cancellation of 13% position\n COLUMBUS, OH, April 15, 2019 /CNW/ - Green Growth Brands Inc. (\"Green Growth\" or the \"Company\") (CSE: GGB) today announced that it has reached an agreement with Aphria Inc. (\"Aphria\") to shorten the expiry time for acceptance of its formal offer (the \"Offer\") to acquire all of the issued and outstanding common shares (the \"Aphria Shares\") of Aphria (TSX: APHA and NYSE: APHA) from 5:00 p.m. (Toronto time) on May 9, 2019 to 5:00 p.m. (Toronto time) on April 25, 2019 (the \"Expiry Time\").\nThe Company has also agreed to repurchase 27,300,000 of its common shares held by GA Opportunities Corp. (\"GAOC\") for aggregate consideration of C$89 million, or a significantly discounted price of approximately C$3.26 per share (the \"Repurchase\").  The aggregate consideration will be paid through a combination of cash and a secured promissory note (the \"Note\") payable in 6 months from the closing of the Repurchase.  Green Growth has granted a security interest to GAOC to secure its obligations under the agreement relating to the Repurchase and the Note.  GAOC will continue to hold 200,000 Green Growth shares following completion of the Repurchase, which share...