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Canadian Cannabis Company Aphria Inc. Closes Share Offering - Underwriters Exercise Over-Allotment Options

Aphria Inc. (OTC:APHQF) (TSXV:APH) announced today that they closed a successful share offering on a bought deal basis. The share offering was underwritten by a syndication of underwriters that was led by Clarus Securities Inc. and raised Aphria aggregate gross proceeds of $40,250,000 CAD or roughly $29,982,495 USD at current exchange rates.

 

Popular Offering


Over 10 million common shares of Aphria Inc were sold at a price of $4.00 CAD per share or roughly $2.98 USD per share. The underwriters oversold the offering and exercised their full over-allotment rights. 

 

The Shares were offered for sale in each of the provinces of Canada, other than the Province of Quebec, by short form prospectus, as well as outside of Canada which were agreed to by the Aphria and the syndicate of underwriters, where the common shares issued on a private placement basis, exempt from any prospectus, registration or other similar requirements.

 

Underwriters

 

The Offering was underwritten by a syndicate of underwriters led by Clarus Securities Inc. and included, Cormark Securities Inc., Mackie Research Capital Corporation, Haywood Securities Inc. and Sprott Private Wealth LP.

 

Conclusion

 

For more information and recent news on Aphria, be sure to check out their stock profile in our TSX Listed Marijuana Stocks Database. Also, don't forget to connect with us on social media using the links to the right of this article. 

 

For Aphria's original press release, click here.

 

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