Aphria Selling Stake in U.S. Pot Producer in $20M Deal

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Move meant to keep Aphria onside with Canadian stock regulators, markets. Canadian marijuana producer Aphria Inc. on Friday announced a deal to sell its holding in Arizona cannabis company Copperstate Farms to Liberty Health Sciences Inc. for $20 million. The move is aimed at helping Aphria avoiding issues with Canadian equity markets and regulators. Back in October, the Canadian Securities Administrators set out “specific disclosure expectations” for marijuana industry firms with investments in the U.S.,…

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