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Aphria exploring strategic alternatives for US cannabis interests

Aphria Inc. plans to explore strategic alternatives with respect to its U.S. cannabis-related interests, including the possible divestiture of its investments to strategic, long-term and committed investors in the cannabis industry.

The company recently reported its merger with Canadian medical cannabis producer Nuuvera Inc. in a deal valued at C$826 million. Ontario-based Aphria also plans to acquire British Columbia-based cannabis producer Broken Coast Cannabis Inc.

In addition, Aphria has invested in Hiku Brands Co. Ltd., following a merger between DOJA Cannabis Company Ltd. and TS Brandco Holdings Inc.