CAN (ON): First harvest from Aphria expansion expected end of April

Aphria provided the following operational update to its Part III expansion of its facility in Leamington, Ontario, which received Health Canada approval as previously announced on March 13, 2018:

Part III expansion is now at full capacity with its weekly crop harvests of 10,000 plants
The first harvest from Part III is expected to take place during the last week of April
Part III is anticipated to yield 380-400 kg per week, which is in addition to the yields from the existing 100,000 square feet of production area
Once in full rotation, the Leamington facility will house production from over 80,000 plants resulting in a total annual yield of 30,000 kg

"We're incredibly excited and proud of our whole team that has ramped up operations in our state-of-the-art Part III greenhouse expansion with incredible speed and care," said Vic Neufeld, CEO of Aphria. "As we prepare to make our first harvest from Part III later this month, work continues to rapidly advance on our 700,000-square-foot Part IV expansion, which we anticipate will have its first sale early next year. At Aphria, we know how to grow, and we know how to grow to scale, which is why we will continue to set the standard around the world for low-cost production of high-quality, pure and safe cannabis for both the medical and adult-use markets."

The Part III expansion added 200,000 square feet of production space and more than tripled Aphria's production capacity from 9,000 kg annually to 30,000 kg annually. When completed early next year, the fully expanded facility (referred to as Aphria One) will provide over 1,000,000 square feet of production space with an annualized capacity of 100,000 kg. Combined with the company's Double Diamond Farms location (referred to as Aphria Diamond) and its B.C.-based subsidiary Broken Coast Cannabis, Aphria's fully-funded production capacity is anticipated to be approximately 230,000 kg per year by early 2019.

For more information:
Aphria
T: 1-844-427-4742
F: 1-844-427-4796
info@aphria.com
aphria.com