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Exchange Bulletin

Aphria Inc. (APH) To Trade On Toronto Stock Exchange

March 20, 2017
Issuer: Aphria Inc. ("Aphria")
Security: Common Shares (the "Shares")
Symbol: APH
Number of securities issued and outstanding: 124,665,219 Shares
Number of securities reserved for issuance: 16,182,394 Shares
Listing category: Industrial, Non-Exempt Issuer
CUSIP: 03765K 10 4
Trading currency: CDN$
Listing and posted for trading date: March 22, 2017 (at the opening)
Other market(s): The Shares have been listed on TSX Venture Exchange ("TSXV") since December 1, 2014, under the symbol "APH". The Shares will be delisted from TSX Venture Exchange on March 22, 2017, upon commencement of trading on Toronto Stock Exchange. The common shares have also been listed for trading on the OTC QB (U.S.) since June 10, 2016 under the stock symbol "APHQF".
Temporary market maker: RBC Capital Markets
Investor relations: Carl Merton
(519) 564-6374
Incorporation: Business Corporations Act (Ontario)
Fiscal year end: May 31
Nature of business: Aphria is licensed to produce and sell medical marijuana as a Licensed Producer under the provisions of the Access to Cannabis for Medical Purposes Regulations (Canada). Aphria received its initial license to produce and sell medical marijuana on November 26, 2014. Aphria's operations are based in Leamington, Ontario.
Transfer agent and registrar: Computershare Trust Company of Canada at its principal office Toronto
Dividends: None anticipated in the foreseeable future
Sponsorship: Not applicable
TSX contact: Julie K. Shin,
Director, Listed Issuer Services,
Toronto Stock Exchange