Aphria Announces Final Approval of Copperstate transaction, Aphria increases investment to 15%

Leamington, Ontario – December 21, 2016 – Aphria Inc. (“Aphria” or the “Company”) (TSX-V: APH or USOTCQB: APHQF) is pleased to announce that the TSX – Venture Exchange provided Final Approval of the Company’s previously announced investments in Copperstate Farms, LLC and Copperstate Farms Investors, LLC. Prior to receiving Final Approval, the Company acquired an additional 5% membership interest in Copperstate Farms Investors, LLC, increasing its ownership to 10%, while also maintaining a 5% membership interest in Copperstate Farms Investors, LLC, subsidiary Copperstate Farms, LLC.

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