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Wednesday, May 24, 2017

Aphria (TSX: $APH) (OTCQB: $APHQF) Advances Growth in US #MedicalCannabis Market With Completion of Strategic Investment in DFMMJ, and Exclusive Management Agreement With Chestnut Hill Tree Farm LLC

Aphria (TSX: $APH) (OTCQB: $APHQF) Advances Growth in US #MedicalCannabis Market With Completion of Strategic Investment in DFMMJ, and Exclusive Management Agreement With Chestnut Hill Tree Farm LLC
License transfer to occur after introduction of new Florida regulations
Aphria and DFMMJ plan to significantly increase the size of Chestnut within six months


TALLAHASSEE, FLORIDA and LEAMINGTON, ONTARIO - May 24, 2017 (NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES-Aphria Inc. ("Aphria" or the "Company") (TSX:APH)(OTCQB:APHQF) and Securecom Mobile Inc. ("Liberty") (CSE:SCM) are pleased to announce the successful first step of their previously announced US expansion strategy. Aphria, through a strategic investment into DFMMJ Investment Ltd. ("DFMMJ"), a special purpose private company, entered into an exclusive Management Agreement with Chestnut Hill Tree Farm, LLC ("Chestnut"). DFMMJ's intends to continue to target, for expansion, key US states that have approved medical use of marijuana and meets its stringent investment criteria.


Disclosure: Aphria Inc. (TSX:APH) (OTCQB:APHQF) is a featured company on the 420 Cannabis Investor Ideas of 2017 at www.420cannabisinvestorideas.com

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