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.
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 …
Will Aphria’s shares continue to rise in 2021?
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...
What happened to Aphria?
Feb 16, 2021 · Aphria is going to hold about 63% of the merged entity. It's going to be called Tilray. They didn't delve into the reasons why, but I suspect because Tilray …
Is Aphria (APHA) stock trading at a discount?
Apr 30, 2021 · Today is a big day for the cannabis industry as Tilray, Inc. (TLRY) shareholders are going to attend a special shareholder meeting to vote on previously announced mega-merger with Aphria, Inc. (APHA.TO) (APHA). We expect Tilray shareholders to vote in favor of the merger and believe that the combined company will be the world’s largest cannabis company.
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.
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
Should I sell Aphria stock?
Stockchase rating for Aphria 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.
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
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, ...
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.