Since the merger was announced last December, Tilray shares have detached from the merger price and are trading at a ~30% premium. Merger arbitrage is best played through a paired trade (long Aphria and short Tilray); market prices indicate borrowing costs of shorting Tilray is much higher than the ~30% merger discount.
What would happen to Tilray if it merged with Tilray?
· Tilray Stock Will Fall Following the Aphria Merger on April 30. But TLRY stock will likely fall once the merger goes through since it may take time for synergies to work. By Mark R. Hake, CFA Apr...
Will Tilray stock continue to trade on the NASDAQ?
· After the deal closes, which the companies said was structured has a "reverse acquisition" of Tilray, Aphria shareholders will own 62% of outstanding Tilray shares. The announcement comes after...
What will happen to Tilray stock after the merger with APHA?
· On Monday, Tilray announced that its "business combination" with peer Aphria (NASDAQ: APHA) had been completed, and the two are now one. The news comes one business day after shareholders of the...
What happened to TLRY stock before the merger?
Despite all the bad news, Tilray is growing over time. Revenue in the second quarter of 2020 (reported August 2020) showed the company increased revenue by 10 percent over the same quarter of 2019 to $50.4 million. Of course, that didn’t stop it from experiencing an $81.7 million loss, which was largely due to inventory adjustment.
Is Tilray a good stock to buy 2021?
Bottom Line on Tilray Ultimately, it is remarkable that Tilray managed to turn a net loss of $34.6 million in the quarter ending in August 2021 to a net profit ending in November 2021. However, there are still no signs of sustainable profitability … it is too early for this.
Should I sell my Tilray stock?
(TLRY-Q) Rating. Stockchase rating for Tilray Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
Will Tilray stock go back up?
Under the deal Tilray will buy up to US$211m worth of Hexo convertible bonds which would allow it to buy stock at C$0.9 and "acquire a significant equity ownership position"....Tilray's fiscal Q1 2022 results.Long position overnight fee-0.0225%Spread7.222 more rows
Will Aphria stock become Tilray?
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.
Will Tilray stock go up tomorrow?
There's a good chance that this upwards movement will continue tomorrow as well. Tomorrow's movement Prediction of Tilray, Inc....Munafa value: 80 as on 16 Mon May 2022.Upside target5.41Downside target4.54Downside target4.46Downside target4.37Downside target4.215 more rows
Why is Tilray stock so low?
Shares of Tilray were down after the company reported a wider-than-expected net loss in the fourth quarter despite a beat in revenue.
What is the forecast for Tilray stock?
Stock Price Forecast The 15 analysts offering 12-month price forecasts for Tilray Brands Inc have a median target of 7.25, with a high estimate of 23.00 and a low estimate of 4.50. The median estimate represents a +59.69% increase from the last price of 4.54.
Will Tilray pay dividends?
TILRAY BRANDS (NASDAQ: TLRY) does not pay a dividend.
Is Tilray a meme stock?
Tilray has been subject to volatility since the recent Reddit-fueled rally on weed stocks and other meme stocks. Its stock price was hanging around the $9 mark for a number of months before shooting up to a peak of $67 in February 2021, before more than halving once more.
What will happen with my Aphria stock?
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.
Did Tilray merge with Aphria?
Once-rival cannabis producers Tilray and Aphria completed their megamerger, the new company announced Monday, forming one of the biggest diversified marijuana, hemp and beer companies in the world.
What is Aphria new Stock symbol?
What is Aphria's stock symbol? Aphria trades on the NASDAQ under the ticker symbol "APHA."
Is Aphria a good investment?
Currently, Aphria is trading at close to 0.73 times Tilray's share price. The single most compelling reason to buy Aphria stock right now is that this ratio absolutely must increase to the 0.8381 ratio included in the merger agreement.
Can Tilray sell in the US?
Tilray is listed on the Nasdaq, which prohibits companies from selling cannabis in the U.S. because it remains illegal under federal law.
Is Sundial growers a good investment?
Also, Sundial CEO Zach George said that the company's strong balance sheet shields it from short-term pressures and that the company's financial goals are to have a positive cash flow by 2022.
Is Tilray a meme stock?
Tilray has been subject to volatility since the recent Reddit-fueled rally on weed stocks and other meme stocks. Its stock price was hanging around the $9 mark for a number of months before shooting up to a peak of $67 in February 2021, before more than halving once more.
Who is running the tilray show?
While the merged company retains the Tilray name, it is now former Aphria CEO Irwin Simon running the show. Former Tilray CEO Brendan Kennedy has relinquished his management role and now serves only on the company’s board of directors.
Is Tilray a Canadian company?
Investors are hoping that the Toronto-based company can finally turn itself around now that it is officially the biggest Canadian marijuana producer following the completion of its merger with former rival Aphria. The newly merged company, which retains the Tilray name and brand, is now larger than other major cannabis companies such as Canopy ...
Is Tilray a stable investment?
Not Yet Stable Investment. A lot continues to happen in the cannabis space and there’s no question that Tilray is a stronger and more resilient company after its merger with Aphria. However, the cannabis sector continues to evolve and change rapidly.
Why was the merger with Tilray delayed?
The merger had got delayed due to the delay in approval from Tilray shareholders. However, the company lowered the quorum requirement for the shareholder meeting and it was eventually approved overwhelmingly towards the end of April.
When did Aphria and Tilray merge?
The merger between Aphria and Tilray was completed on May 3, 2021. The transaction was structured as a reverse acquisition, where Aphria acquired Tilray. After the merger completion, the new entity trades under Tilray’s ticker symbol, “TLRY” on both the US and Canadian stock exchanges.
Is Tilray a good buy?
Is Tilray stock a buy? Tilray stock has fallen sharply from the peaks. However, it looks a good buy now given the strong fundamentals of the new entity. Cannabis stocks have been on a fire over the last few trading sessions amid renewed hopes of marijuana legalization. Even Amazon has supported the federal legalization of marijuana.
Is Aphria a Tilray?
Aphria has stopped trading and all Aphria shares are now converted to Tilray shares. The merger had got delayed due to the delay in approval from Tilray shareholders.
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 Aphria lose in 2020?
This will help reduce their combined losses. 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 TLRY stock fall?
But TLRY stock will likely fall once the merger goes through since it may take time for synergies to work
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.
What is a tilray?
Tilray Inc ( NASDAQ:TLRY) is a leading global cannabis company with subsidiaries in North America, Europe, Latin America, Australia, and New Zealand. It has a portfolio of successful brands and a large footprint across the globe. Yet despite cannabis being largely listed as essential, Tilray’s stock took a pummeling in the aftermath ...
How much did the Canadian dollar gain in the year?
The Canadian dollar strengthened over the U.S. dollar, which helped the company gain $13.3 million for the year. Still, it’s down to only $137.2 million in cash, with another $250 million it can access to spend when needed.
Does Tilray sell medical marijuana?
Although Tilray has sales in recreational cannabis, medical marijuana, and hemp, so it should be able to squeeze profits from all three. Still, investors are conversative about investing in Tilray and cannabis in general. This is putting a squeeze on its market cap.
Is Tilray growing?
Tilray Financials Are Cause For Concern. Despite all the bad news, Tilray is growing over time. Revenue in the second quarter of 2020 (reported August 2020) showed the company increased revenue by 10 percent over the same quarter of 2019 to $50.4 million.
Is Tilray a public company?
Tilray was among the first companies to go public amid Canada’s recreational cannabis legalization.
Is Tilray stock in a slump?
Yes. No. This put Tilray in a position where operating expenses continue to climb, while sales are slumping. This puts a double squeeze on it, which continues pummeling the stock price. As of October 2020, the market cap is now around $700 million.
Is it easy to make ends meet in the marijuana market?
Making ends meet in the wholesale marijuana market isn’t easy, and margins are razor thin (assuming you can find a buyer when the market reaches a surplus, which is exactly what happened in Canada in its first two years of legalization). Free Stock Tools - Financhill. Close. Yes. No.
How much will Tilray stock fall in 2021?
The service’s Tilray stock prediction is $11.75 for the end of 2021, $12.84 for the end of 2022, $14.67 for the end of 2023, $15.79 for the end of 2024 and $18.19 by the end of 2025.
How much money will Tilray make in 2024?
In his interview with New Cannabis Ventures, CEO Simon Irwin said that Tilray could generate $4bn of sales in Europe by the end of 2024. However, it’s important to note that these markets are only just starting to open up to cannabis, making them both small and uncertain.
Does Tilray own Medmen?
However, this would only happen in the case that cannabis is legalised at federal level in the US and even then, Tilray would only own a 21% stake of the company, a small percentage of what is expected to be a huge growth industry .
Does Tilray sell cannabis?
Along with being the largest share of the recreational and medical cannabis markets in Canada, the firm is also the market leader for medical cannabis in Germany. While it doesn’t sell cannabis in the US yet, it is raking in some revenue from beer sales through its SweetWater Brewing Company subsidiary there.
Can analysts get predictions wrong?
However, it is important to note that analysts and web forecasting services can and do get their predictions wrong. It is always recommended that you carry out your own research and stock analysis taking into account current market conditions.
Is tilray stock a risky investment?
If they decide to make it legal, then Tilray's share price will likely increase. It's a risky investment, speculative but it's currently at a reasonable price if an investor wanted to get their feet wet in this industry.”
Is tilray trending lower?
Tilray has been trending lower after reaching its all-time high of $67 in February. The price recently faced rejection at the descending trendline resistance and is now extending its decline below the 50-day simple moving average (SMA). A move below the 50-day SMA combined with the RSI falling below 50 into bearish territory suggests that there could be more downside to come.
Tlry Stock Highs and Lows
Targeting U.S. Market
- Post-merger, Tilray is now being run by the senior leadership team that previously ran Aphria. While the merged company retains the Tilray name, it is now former Aphria CEO Irwin Simon running the show. Former Tilray CEO Brendan Kennedy has relinquished his management role and now serves only on the company’s board of directors. Moving forward, Tilray has said its immedi…
Not Yet Stable Investment
- A lot continues to happen in the cannabis space and there’s no question that Tilray is a stronger and more resilient company after its merger with Aphria. However, the cannabis sector continues to evolve and changerapidly. A lot still needs to happen before cannabis can be considered a stable and mature investment. And this fact is reflected in TLRY stock, which continues to hove…