Nuuvera, Inc (fka NUUVF)

[JohnCM]

COOL ...

Under the terms of the Arrangement Agreement, Aphria will acquire all the issued and outstanding common shares (on a fully-diluted basis) of Nuuvera for a total consideration of $8.50 per Nuuvera share, representing a total transaction value of approximately $826 million. Nuuvera shareholders will receive $1.00 in cash plus 0.3546 of an Aphria share for each Nuuvera share held which, based on Aphria's 10-day VWAP of $21.15 for the period ended on January 26, 2018, equates to $7.50 of value per Nuuvera share. Aphria expects to issue up to approximately 34 million shares in connection with the Transaction, representing approximately 20.8% of the currently issued and outstanding shares of Aphria on a non-fully diluted basis. The Transaction is expected to be accretive to Aphria on an earnings basis in its first full fiscal year.



The Transaction consideration of $8.50 per Nuuvera share represents a 30.5% premium to Nuuvera's 10-day volume weighted average price of $6.51 for the period ended on January 26, 2018.

Nuuvera Inc.

Exchange: TSXV Exchange Jan 29, 2018, 4:50 PM EST
NUU $7.73 +0.73 (10.43%)
Volume: 1,813,879