POET Technologies Inc.

Aphria Inc. ("Aphria" or the "Company") (TSX VENTURE:APH)(APHQF) is pleased to announce that it has entered into an agreement with Clarus Securities Inc., on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 8,750,000 Common Shares (the "Common Shares") of the Company at a price of C$4.00 per Common Share (the "Offering Price") for aggregate gross proceeds to the Company of C$35,000,000 (the "Offering").