Aphria
(TSX: $APH) (OTCQB: $APHQF) Inks Major Wholesale Supply Agreement With Scientus
Pharma, Health Canada Licensed Dealer
Agreement
to generate approximately $5 million in revenue for Aphria over 12-month
contract
LEAMINGTON, ONTARIO - July 5,
2017 Aphria Inc. ("Aphria" or the "Company")
(TSX:APH)(OTCQB:APHQF), through its subsidiary Pure Natures Wellness Inc. (o/a
Aphria), is pleased to announce that it entered into a major wholesale supply
agreement with HydRx Farms, Ltd. (o/a Scientus Pharma) ("Scientus
Pharma"). Under the terms of the Agreement, Aphria is committing to supply
over 25,000 fully grown medical cannabis plants over the next 12 months to
Scientus Pharma. The first delivery, under the agreement will occur in the
middle of Aphria's second quarter of 2018. Aphria expects to generate over $1.2
million of revenue from the wholesale supply agreement in each full quarter of
shipments, with gross margins consistent with previously executed wholesale
agreements.
Read this news in full at http://www.investorideas.com/420cannabisinvestorideas/Companies/APH/news/2017/07051Wholesale.asp
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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