LEAMINGTON, ON, March 21, 2018 /CNW/ - Aphria Inc. ("Aphria" or the "Company") (TSX: APH and US OTC: APHQF) today announced that it has signed an exclusive supply agreement with an Argentinan based pharmaceutical import and distribution company, which is licensed to import, sell and distribute medical products and derivatives in Argentina. The importer is currently securing an import license for cannabis in Argentina.
"We are excited to enter the Argentinian market through this initial supply agreement," said Vic Neufeld, CEO of Aphria. "We see tremendous potential for medical cannabis in several emerging markets in South America, including Argentina. As the leading low-cost supplier of high-quality medical cannabis, Aphria will continue to expand its global leadership through strategic investments, partnerships and exclusive agreements such as this one."
Under the terms of the agreement, Aphria will be the exclusive supplier of cannabis products to the importer for the Argentine market. At the importer's request, financial terms and the name of the importer of the agreement are not being released.
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