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Wednesday, 11/08/2017 5:08:23 PM

Wednesday, November 08, 2017 5:08:23 PM

Post# of 16650

The Family Behind Aphria's Ohio Expansion


SOURCE: https://www.dailymarijuanaobserver.com/single-post/2017/11/08/The-Family-Behind-Aphrias-Ohio-Expansion-Schottenstein-LHSIF-Liberty-Health-Sciecnes

When we posted the Liberty Health Sciences, Inc. (CSE:LHS) (OTC:LHSIF) investor deck, we mentioned that there were hints as to the future developments at the company. For those not familiar with Liberty, it is the American sister company of Aphria Inc. (TSX:APH) (OTC:APHQF) with operations in Florida and high hopes for Ohio next.

Ohio Opportunity

Out of a population of over 11 million people, Ohio boasts a whopping 2.8 million qualified medical marijuana patients. To make the opportunity more enticing, Ohio's Department of Commerce is only issuing twelve Tier I licenses which allow the holder to have up to 25,000 square feet of cultivation space. This is a massive grow space when compared to the 3,000 square foot maximum grow space cap that is imposed on Tier II licensees.

While Ohio just announced the first batch of Tier II licenses, Tier I license winners are expected to be announced in the coming weeks.

With 109 Tier I applicants and just twelve licenses to go around, there is a roughly 11% chance that Aphria/Liberty's applicant entity will be approved if all applicant qualifications were equal... but they are not.

Just as Tier II applicants received scores, so will the Tier I applicants. This means that the best applicants win licenses, not just random applicants out of a hat.

REST OF ARTICLE: https://www.dailymarijuanaobserver.com/single-post/2017/11/08/The-Family-Behind-Aphrias-Ohio-Expansion-Schottenstein-LHSIF-Liberty-Health-Sciecnes

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