when will aphria and tilray stock merger

by Nina Kshlerin Published 3 years ago Updated 2 years ago

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. Aphria's CEO Irwin D.May 3, 2021

What should Aphria stock have traded at before the Tilray merger?

May 12, 2021 · Aphria has closed its merger with Tilray (NASDAQ:TLRY). Could Canopy Growth Corp (TSX:WEED)(NYSE:CGC) be the next big merger stock?

Should you be worried about Aphria’s merger?

Mar 22, 2021 · 3 Reasons Why the Aphria-Tilray Merger Will Be a Winner. Cannabis producer Aphria (NASDAQ: APHA) stock has made a huge comeback in since early November. Consider that the price went from $5.50 to ...

Is Aphria stock making a comeback?

Apr 26, 2021 · The Tilray-Aphria merger looks intriguing on its face. But soft earnings and questions about the combined company make APHA stock an avoid.

What is the value of the Tilray shares I receive?

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 …

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.

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.

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