Aphria (APH) Locks in Deal with Award-Winning Cannabis Brand
Ryan Allway
September 19th, 2016
News, Top News
[stockchart symbol=APHQF]
Aphria Inc. [stockquote symbol=APHQF], a licensed producer of medical cannabis under Canada’s MMPR program, recently announced the finalization of its licensing deal with Toyko Smoke, an award-winning lifestyle brand that brings sophistication and design to coffee, clothing, and cannabis. Under the deal, the company will issue 38,759 common shares and 200,000 common share 5-year purchase warrants with an exercise price of $3.14 per share.
“Aphria is one of the most trusted producers of medical cannabis, and this partnership with Tokyo Smoke affirms our commitment to expand and diversify our product offering and market channels,” said Vic Neufeld, Chief Executive Officer of Aphria. “When cannabis is legalized for recreational use in Canada, a strong brand will be one of the key differentiators for patients and consumers, and we’re committed to working with Tokyo Smoke to be the first premium cannabis brand in Canada.”
Tokyo Smoke is an award-winning lifestyle brand that brings sophistication and design to coffee, clothing and cannabis. Each vertical of the brand is designed around four emotive states, which tie together the coffee, cannabis strains, and clothing. Tokyo Smoke worked alongside of Aphria to handpick its strain offerings and Aphria will grow and prepare Tokyo Smoke’s four proprietary cannabis experiences at its licensed facility in Leamington, Ontario.
“This licensing deal represents the next big step in Tokyo Smoke’s vision to elevate the cannabis experience in Canada and we’re beyond excited to be partnering with Aphria, a top Canadian grower, to bring our product to the mainstream medical market,” said Alan Gertner, Chief Executive Officer of Tokyo Smoke. “With this groundbreaking deal, we’re giving Canadians a glimpse into the future of cannabis in the country, proving that two brands can come together to offer consumers increased choice and quality.”
Shares of Aphria Inc. were trading 2% higher in early trading on Monday, September 19, 2016.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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