If you are an APHA stockholder, your stocks would be converted to TLRY stock. For every Aphria stock that they hold, APHA investors would get 0.8381 TLRY stock. After the merger, APHA stock would cease to trade.
Full Answer
What happens to Apha stock when Aphria merges with TLRY?
Oct 13, 2021 · What will happen to APHA options after merger? On April 14, 2021, Shareholders of Aphria Inc. The merger was approved and subsequently consummated on April 30, 2021. As a result, each existing APHA Common Share will be converted into the right to receive 0.8381 TLRY Common Shares. Fractional shares will be rounded down to the nearest whole TLRY share.
Is Aphria stock making a comeback?
Oct 20, 2020 · What happens to APHA stock after merger? According to the merger agreement, while the combined entity will operate under the Tilray name, Aphria shareholders will own 62% of the new company. Meanwhile, Tilray’s shareholders will have no change in their holdings. Currently, Tilray’s shares are trading higher than Aphria’s.
Is the Aphria-Tilray merger complete?
Mar 22, 2021 · Merger Terms For APHA Stock After Aphria and Tilray merge, the combined entity will be called Tilray and the shares will continue to trade on Nasdaq under the ticker TLRY. Yet the terms of the deal...
How much of Tilray will APHA get in the deal?
Apr 26, 2021 · Both stocks will, assuming the merger closes, end up in the same place. Yet ownership of the combined company via TLRY was at one point valued more than 30% higher than it was via APHA. The spread...
What happens with Aphria stock after merger?
The company will continue to trade on the Nasdaq Global Select Exchange under the symbol "TLRY" and will commence trading on the Toronto Stock Exchange under the symbol "TLRY" on May 5. Under the terms, Aphria shareholders receive 0.8381 of a Tilray share for each common share of Aphria.May 3, 2021
What happens when Tilray merges with Aphria?
Under the deal, structured as a reverse acquisition of Tilray, each Aphria shareholder will receive 0.8381 Tilray shares for each Aphria share held. That means Aphria shareholders would own roughly 62% of outstanding Tilray shares.May 3, 2021
Will Aphria stock become Tilray?
NEW YORK & LEAMINGTON, Ontario--(BUSINESS WIRE)--May 3, 2021-- Tilray, Inc. (“Tilray”) and Aphria Inc. (“Aphria”) today announced the completion of the previously announced business combination, ushering in a new era in the global cannabis industry.
Is Tilray the biggest?
Tilray is the biggest seller of adult-use cannabis in Canada—still the only country in the world with a legal nationwide recreational cannabis industry—and runs massive CBD businesses in the United States.Jun 30, 2021
Is APHA a buy or sell?
Currently, Aphria is a Zacks Rank #5 (Strong Sell) in the Medical - Products industry that ranks in the Bottom 41% of our Zacks Industry Rank.Apr 12, 2021
Who is the CEO of Aphria?
Yet the terms of the deal look more advantageous to Aphria. First of all, the company’s CEO and chairman, Irwin Simon, will remain at the helm. Aphria will also have seven directors and Tilray will have two. Next, the economics of the deal are more favorable for APHA stock.
Is cannabis a secular market?
Cannabis does look like a secular growth market. And it is global. According to research from BDSA, the spending is expected to hit a hefty $55.9 billion by 2026. This represents a 17% compound annual growth rate.
Is Aphria merged with Tilray?
This is why Aphria’s merger with Tilray is so critical. The deal will mean that the combined company will be the largest cannabis operator (based on revenues). There will also be significant cost reductions. The estimate is that they could hit about $78 million within the next couple years.
Is Tilray the Right Partner?
Aphria’s pending merger with Tilray (NASDAQ: TLRY) admittedly makes some sense.
Buying the Merger
For a moment, there was a merger-related case for APHA stock regardless.
Weak Earnings
The problem with having any concerns about the merger is that Aphria itself is coming off an ugly earnings report. Yet Aphria is the business that needs to do more of the heavy lifting post-merger.
Is APHA Stock Cheap?
Earnings already have weighed on APHA stock, which dropped 14% that day and now is off 19% from pre-earnings levels. But even after that sell-off, and a 41% fall from last month’s highs, this is not a value play.
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, ...