What happened to Aphria stock after the Tilray merger?
Apr 26, 2021 · Meanwhile, the combined company would have a market capitalization of around $7 billion at the current APHA stock price. Each Aphria share will become 0.8381 shares of Tilray stock, on top of that ...
Will Tilray stock continue to trade on the NASDAQ?
Apr 14, 2021 · When the Aphria-Tilray merger was announced back in mid-December, both pot stocks exploded. In terms of revenue, the combination will create the biggest cannabis company in the world. So, the...
What is the value of the Aphria-Tilray merger?
May 03, 2021 · May 3, 2021 11:52AM EDT A fter 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...
Will Tilray and Aphria be the world’s largest cannabis companies?
Jun 03, 2021 · 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...
What will happen when Aphria and Tilray merger?
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
Is Aphria owned by Tilray?
The mega-merger deal between Canadian cannabis companies Aphria and Tilray ( TLRY 1.57% ) was the highlight of the marijuana industry this year. The deal closed on May 3 and the "new" Tilray was formed, and in the process, became the world's largest cannabis company by revenue.Jun 24, 2021
Will Aphria stock become Tilray?
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
Is my Aphria stock now Tilray?
The combined company is taking the Tilray name. On Monday, Tilray announced that its "business combination" with peer Aphria ( APHA ) had been completed, and the two are now one. The news comes one business day after shareholders of the previous version of Tilray voted in favor of the deal.May 3, 2021
When will Aphria merge with Tilray?
April 14, 2021. Aphria (NASDAQ: APHA) stockholders will vote April 16 on the mega-merger with its longtime Canadian cannabis-market competitor, Tilray (NASDAQ: TLRY ). Since the merger announcement, TLRY stock and APHA shares have gone in different directions due to the merger arbitrage opportunity. Source: Jarretera / Shutterstock.com.
Who has the upper hand in the Tilray deal?
No surprises Aphria has the upper hand in this deal. Shareholders will get a total of 0.8381 shares of Tilray for each of their Aphria shares and control the combined entity.
Is marijuana decriminalized in the US?
Wider marijuana decriminalization in the U.S. is imminent. Democrats have unified control of the White House, Senate, and House for the first time since 2010. At the moment, neither Aphria nor Tilray has a strong American presence.
What is the ticker symbol for Tilray?
After the merger completion, the new entity trades under Tilray’s ticker symbol, “TLRY” on both the US and Canadian stock exchanges. In a press release, Tilray said that the combined entity had proforma revenue of $685 million in the last year.
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.
