(Corrects first paragraph to show that Green Growth is a U.S. company, not Canadian)
Jan 22 (Reuters) - U.S. cannabis retailer Green Growth Brands Inc said it will formally make its offer to buy Canadian cannabis producer Aphria Inc for about C$2.35 billion ($1.76 billion) in stock on Wednesday.
The company said the offer provides Aphria shareholders with 1.57 common shares of Green Growth for each Aphria share. Green Growth stock closed at C$5.98 on Tuesday, while Aphria closed at C$9.43.
$1 = 1.3348 Canadian dollars Reporting by Ishita Chigilli Palli in Bengaluru Editing by Leslie Adler