What happened to Aphria stock after the Tilray merger?
Jun 03, 2021 · On Dec. 16, 2020, Aphria (APHA) and Tilray (TLRY) announced a merger that has created the world’s largest cannabis company. Both stocks jumped after the announcement as markets welcomed...
Why did Aphria’s share price jump?
Apr 30, 2021 · Aphria's (APHA) last trading day is today after completing its deal with Tilray (TLRY).The effective date for suspension of the shares is Monday,according to a Nasdaq... Seeking Alpha - Go to...
When does the TLRY merger with APHA complete?
May 20, 2021 · Real-time trade and investing ideas on Aphria Inc. APHA from the largest community of traders and investors. Rooms Shows Rankings Earnings Newsletters Shop. Cancel. Log In. Sign Up. DOW 0.00%. S&P 500 0.00%. NASDAQ 0.00%. Trending now. Aphria Inc. 15.38 0.07 (0.45%) Watch. Aphria Inc. NYSE Updated May 20, 2021 4:00 AM.
What does the Aphria-Tilray merger mean for the cannabis industry?
May 03, 2021 · In an all-stock deal agreed to last December, each Aphria share held as of April 30 was swapped for 0.8381 of a Tilray share. Aphria's CEO Irwin Simon is …
What will happen to my Aphria stock after merger?
What will happen to Aphria once the arrangement is completed? Once completed, Tilray will acquire all outstanding Aphria Shares and Aphria will become a wholly-owned subsidiary of Tilray. Aphria Shares will be delisted from the TSX and NASDAQ.
What happened to Aphria?
After Tilray's (TLRY) shareholders voted in favor of the proposed merger Aphria (APHA) last Friday, the two cannabis companies announced today the completion of the transaction.May 3, 2021
Did Tilray and Aphria merger?
The two cannabis companies announced in December that they will merge under the Tilray name with Aphria CEO Irwin Simon at the helm and Tilray CEO Brendan Kennedy joining the board. Aphria will lose its name and independent stock symbol on Wednesday.May 3, 2021
Why did Aphria stock drop?
Aphria stock plunged Monday after the Canadian cannabis firm missed expectations for third-quarter sales and its net loss widened. Also falling were shares of Canadian peer Tilray , which plans to merge with Aphria.Apr 12, 2021
Should I sell my Aphria stock?
Aphria Inc(APHA-T) Rating A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
What brands does Aphria own?
Aphria offers multiple products under a portfolio of recreational cannabis brands, including Good Supply, B! NGO, Solei, RIFF, and Broken Coast.
Is Aphria owned by Tilray?
In fact, Aphria's shareholders now own 62% of the new company, with Irwin Simon (Aphria's CEO and chairman) leading the combined entity. Here are all the ways Tilray can benefit from this merger, and why this business is a smart buy for the long term. Image source: Getty Images.Jun 24, 2021
Is Tilray a US company?
(Tilray) is a global pharmaceutical, cannabis-lifestyle and consumer packaged goods company, incorporated in the United States, headquartered in New York City, New York. Tilray also has operations in Canada, Australia, New Zealand, and Latin America, with growing facilities in Germany and Portugal.
Why is Tilray closing?
Cannabis production company Tilray closing its offices, facility in Nanaimo, B.C. The company says it is closing the facilities to save costs following a merger a few months ago with Aphria Inc. which is based in Ontario.Sep 20, 2021
Why is TLRY stock falling?
Shares of Tilray were down after the company reported a wider-than-expected net loss in the fourth quarter despite a beat in revenue.
When will Aphria and Tilray merge?
The merger will be completed on May 5.
What is the ticker symbol for Tilray?
The new entity would start trading on the Toronto Stock Exchange on May 5 under the ticker symbol “TLRY. ”. The Nasdaq listed Tilray stock would continue to trade under its “TLRY” ticker symbol as it did before the merger. Article continues below advertisement.
How many stores does Tilray have?
Also, it would have the largest global footprint with operations in North America as well as Europe. Tilray would have access to around 17,000 stores in North America. The company would be a diversified play on the marijuana industry with both medical and adult-use operations.
Who is the CEO of Tilray?
Also, there will be management changes. Aphria CEO Irwin D. Simon will lead the new Tilray in a dual role as CEO and chairman, while Brendan Kennedy, who is the current Tilray CEO, will be a director on the board of the new entity.
Is TLRY merged with APHA?
TLRY and APHA merger is finally confirmed. While Aphria stockholders approved the merger earlier in April, Tilray had to delay the vote. Tilray was reportedly having trouble garnering the votes. It also lowered the quorum requirement for the stockholder meeting. Meanwhile, the good news is that TLRY stockholders have also approved the merger, ...
Analysts say the marijuana company's solid second-quarter results bode well for investors
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What happened
Shares of Aphria ( NASDAQ:APHA) jumped 9.6% on Tuesday after an analyst lifted his price target for the popular cannabis stock.
So what
Stifel analyst W. Andrew Carter boosted his share-price forecast for Aphria from CA$9.80 ($7.67) to CA$15.50 ($12.17). His new target, however, is roughly 10% below the marijuana stock's current price of $13.61.
Now what
When analysts -- particularly those who have been relatively bearish on a company -- suddenly grow more bullish, investors tend to take notice. That's likely one of the reasons why Aphria rose on Tuesday, even though Carter's comments were far from a ringing endorsement of the company as an investment.
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A short-seller's report caused shares to plunge
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What happened
Aphria ( NASDAQ:APHA) stock crashed on Monday, with shares plunging 19.5% as of 11:41 a.m. EST after falling as much as 29% earlier in the day. This huge drop came after hedge fund manager Gabriel Grego announced a short position in Aphria and referred to the Canadian marijuana producer as "a black hole" for investors' money.
So what
As of the time of this writing, Aphria had not responded publicly to the allegations made by Grego. It's always good to hear both sides of a story before reaching any conclusions. However, the report issued by Quintessential Capital Management and Hindenburg Research is concerning.
Now what
This could play out in a couple of ways. The issue could prove to be much ado about nothing, or it could become an even greater scandal for Aphria.
What is NCV newswire?
The NCV Newswire is hand-curated by an editor and not automated in anyway.
What is a tilray?
The combined company , which will operate as Tilray (the “Company”), brings together two highly complementary businesses to create the leading cannabis-focused consumer packaged goods (“CPG”) company with the largest global geographic footprint in the industry.
