Canadian medical marijuana grower Aphria lands CA$100M

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Aphria, one of Canada’s largest licensed medical marijuana producers, announced it has secured 100 million Canadian dollars ($74 million) in financing.

The financing will be used mostly to expand Aphria’s production capacity, which “is expected to supply more than 75,000 (kilograms) of high-quality cannabis at one of the lowest costs in the industry,” CEO Vic Neufield said in the release.

According to the release, CA$75 million of the total funding comes from equity financing, while the remaining CA$25 million comes via a five-year term loan.

Aphria, based in Leemington Ontario, trades on the Toronto Stock Exchange under

Canadian medical marijuana grower Aphria lands CA$100M is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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