Brief: Scythian Announces Strategic Sale Of Latin American And Caribbean Assets

SOL Global Investments

17/07/2018 13:37

July 17 (Reuters) - Aphria Inc  APH.TO :
    * SCYTHIAN ANNOUNCES STRATEGIC SALE OF LATIN AMERICAN AND
CARIBBEAN ASSETS IN $193,000,000 DEAL TO APHRIA
    * SCYTHIAN BIOSCIENCES CORP - APHRIA WILL ACQUIRE 100% OF
ISSUED
AND OUTSTANDING COMMON SHARES OF LATAM HOLDINGS INC
    * SCYTHIAN BIOSCIENCES CORP - SCYTHIAN'S BOARD OF DIRECTORS
HAS
UNANIMOUSLY APPROVED TRANSACTION
    * SCYTHIAN - WILL ALSO GRANT APHRIA A RIGHT TO BUY FROM CO,
IN
ONE/MORE SEPARATE TRANCHES, UP TO 90% SHARES OF ENTITY IN BRAZIL
    * SCYTHIAN BIOSCIENCES  - IF DEAL TERMINATED IN SOME
CONDITIONS,
APHRIA IS ENTITLED TO A BREAK-FEE PAYMENT OF $5.8 MILLION

Source text for Eikon:  ID:nGNX7tcgV9 
Further company coverage:  APH.TO 

 ((Reuters.Briefs@thomsonreuters.com;))