Aphria to price $300 million in five-year convertible notes

By Abigail W. Adams

Portland, Me., April 16 – Aphria Inc. plans to price $300 million in five-year convertible notes in a Rule 144A and Regulation S deal, according to a company news release.

The deal carries a greenshoe of $45 million.

Proceeds will be used for international expansion initiatives, future acquisitions and general corporate purposes.

Further details were not available as of press time.

Aphria is a Leamington, On.-based global cannabis company.

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