10:44 AM EST - Aphria Inc. : Responded to the unsolicited proposal by Xanthic Biopharma Inc. d.b.a. Green Growth Brands Ltd. to acquire all of the Company's outstanding common shares in an all-stock transaction. Based on the 20-day volume weighted average price of GGB shares and the expressed exchange ratio of 1.5714 common shares of GGB for each Aphria share, the proposed bid would be approximately 23% below the Company's average share price over the same period. Aphria shareholders should be aware that the value of GGB's per-share offer is based on a hypothetical valuation of its own shares, with no relation to the current price. Aphria Inc.
shares T.APHA are trading up $0.72 at $8.29.