On July 29, 2020 Aphria Inc. (TSX: APHA and Nasdaq: APHA) (Aphria) announced that it has established an “at-the-market” equity program (ATM Program) under which Aphria may from time to time sell an aggregate of up to US$100 million (or its Canadian dollar equivalent) of its common shares through Agents (as defined below). Any common shares sold under the ATM Program will be made through “at-the-market” distributions as defined under National Instrument 44-102 and sold through the TSX or the NASDAQ Global Select Market at the prevailing market price at the time of sale. Sales may also be made in privately negotiated transactions.
Distributions of common shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated July 29, 2020 among Aphria, Jefferies LLC and Canaccord Genuity LLC, as US agents and Canaccord Genuity Corp. and Jefferies Securities, Inc. as Canadian agents (collectively, the Agents).
Aphria was advised by Fasken by a team led by Alex Nikolic and included Allison Marks, Zach Austin and Jordana Keslassy (Securities).
Distributions of common shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated July 29, 2020 among Aphria, Jefferies LLC and Canaccord Genuity LLC, as US agents and Canaccord Genuity Corp. and Jefferies Securities, Inc. as Canadian agents (collectively, the Agents).
Aphria was advised by Fasken by a team led by Alex Nikolic and included Allison Marks, Zach Austin and Jordana Keslassy (Securities).
Jurisdiction
- Ontario
