Green Growth plans C$11 per share bid for pot producer Aphria

U.S. cannabis retailer Green Growth Brands is planning to make a hostile approach for Aphria, says Bloomberg. According to Bloomberg, citing confidential sources, Columbus, Ohio-based Green Growth plans to offer C$11 per share in an all-stock bid for Aphria valuing the Canadian marijuana producer at almost C$2.8 billion or $2.1B, according to people familiar with the matter. Shares of Aphria are up over 22% in after-hours trading.
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