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 happened to Aphria stock after the Tilray merger?
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 happened to Aphria?
Apr 30, 2021 · Aphria's (NASDAQ: APHA) last trading day is today after it complete its deal with Tilray (NASDAQ: TLRY). The effective date for suspension.
What does the Aphria-Tilray merger mean for the cannabis industry?
Apr 29, 2021 · A Takeover of Tilray by Aphria To be sure, this is a takeover of Tilray by Aphria, even though the combined company will keep the Tilray name. Aphria shareholders will end up owning 62.1% of the...
When does the TLRY merger with APHA 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...
When will Aphria and Tilray merge?
The merger will be completed on May 5.
Who is the CEO of Aphria and Tilray?
First, the combined entity will get a new logo that blends the legacy of both the companies. 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, ...
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.
What is the need of the hour in the marijuana industry?
Consolidation is the need of the hour in the marijuana industry. Since most players are making losses, it makes sense to consolidate and benefit from economies of scale. Curaleaf has also announced the acquisition of EMMAC Life Sciences.
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.
Has marijuana stock fallen in 2021?
Marijuana stocks have fallen. Meanwhile, marijuana stocks have fallen sharply from their 2021 highs as the euphoria over federal legalization has tapered down. That said, legalization could be a matter of “when” and not “if.”.
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, ...
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When will tilray and aphria merge?
Tilray (NASDAQ: TLRY) shareholders will vote on the all-stock merger with Aphria (NASDAQ: APHA ) on April 30. Aphria shareholders will receive 0.8381 shares of TLRY stock for every one share of APHA stock they own. Aphria’s shareholders have already voted and approved the merger on April 15.
How much did Tilray lose in 2020?
Tilray lost 271 million CAD for the year ending Dec. 2020 and Aphria has lost 361 million CAD in the nine month period ending Feb. 28. That equals 632 million in losses (U.S. $505 million). Hopefully, the merger will find more than 100 million CAD in synergies to make this company profitable.
Will Tilray shareholders approve the merger?
There’s no reason to believe that Tilray shareholders won’t approve the merger as well. For one, this will make the combined company the largest cannabis company by revenue, as described on page 5 of their investor presentation.
Is Tilray a takeover?
A Takeover of Tilray by Aphria. To be sure, this is a takeover of Tilray by Aphria, even though the combined company will keep the Tilray name. Aphria shareholders will end up owning 62.1% of the combined company. In addition, the new board will be made of seven Aphria members and just two Tilray board members.
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 look more advantageous to Aphria.
The Synergies
Even with the growth opportunities of the cannabis market, there is something else needed for a successful company: scale. Having a cost advantage is extremely important especially as markets get saturated.
Market Opportunity
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.
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