Aphria (NYSE: APHA) stock crashed on Monday, with shares plunging 19.5% as of 11:41 a.m. EST after falling as much as 29% earlier in the day. This huge drop came after hedge fund manager Gabriel Grego announced a short position in Aphria and referred to the Canadian marijuana producer as "a black hole" for investors' money.
What happened to Aphria shares?
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.
Is Aphria a black hole for investors'money?
This huge drop came after hedge fund manager Gabriel Grego announced a short position in Aphria and referred to the Canadian marijuana producer as "a black hole" for investors' money.
Did Aphria Whiff on revenue for the first quarter?
While the company posted a net loss per share for the quarter that was modestly narrower than expected ($0.02 versus $0.03), Aphria whiffed badly on revenue for the quarter. First-quarter revenue, in fact, came in 8.7% lower than FactSet's consensus estimate for the three-month period. Image source: Getty Images.
When will Aphria's distribution revenue get back on track?
Unfortunately, it's not altogether clear when Aphria's distribution revenue will get back on track. The COVID-19 pandemic is still slowing down in-person visits to doctors' offices and pharmacies across the globe. In other words, investors probably shouldn't expect this key area of Aphria's business to rebound anytime soon.
What happened to APHA?
Aphria's (NASDAQ:APHA) last trading day is today after it complete its deal with Tilray (NASDAQ:TLRY). The effective date for suspension of the shares is Monday, according to a Nasdaq delisting notice. Tilray holders were scheduled to vote on the deal at 11am.
What happened to Aphria stock after merger?
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.
Why is Aphria delisted?
“In the past, Aphria had substantial holdings in the U.S. But the company was forced by TMX, the operator of the Toronto Stock Exchange, to divest those holdings because, while pot remains illegal under U.S. federal law, it ran the risk of having its stock delisted.” Aphria is listed on the NYSE (NYSE: APHA).
Is Aphria expected to rise?
Earnings for Aphria are expected to grow in the coming year, from ($0.06) to $0.07 per share.
Will my 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. Aphria's CEO Irwin D.
Is Aphria buying Tilray?
Tilray-Aphria merger closes, expanded company to control biggest share of Canadian pot market. Canadian cannabis companies Tilray Inc. and Aphria Inc. say their merger deal has now closed after receiving approval from shareholders of both companies.
Should I sell my Aphria stock?
Aphria Inc(APHA-T) Rating 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 Aphria a good stock to buy now?
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.
Is APHA now Tilray?
Tilray Inc. TLRY, +1.46% shareholders voted to approve the Canadian cannabis company's proposed merger with Aphria Inc. apha ca:apha at a special meeting on Friday, according to media reports, paving the way for the creation of the world's biggest cannabis company measured by revenue.
What is the forecast for APHA stock?
Aphria Inc quote is equal to 17.230 USD at 2022-06-07. Based on our forecasts, a long-term increase is expected, the "APHA" stock price prognosis for 2026-07-01 is 58.128 USD. With a 5-year investment, the revenue is expected to be around +237.36%. Your current $100 investment may be up to $337.36 in 2027.
Will Tilray stock go up?
The 16 analysts offering 12-month price forecasts for Tilray Brands Inc have a median target of 7.13, with a high estimate of 23.00 and a low estimate of 2.60. The median estimate represents a +69.24% increase from the last price of 4.21.
Who bought APHA?
TilrayOn 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. In reality, this is Aphria taking over Tilray.
Is APHA now Tilray?
Tilray Inc. TLRY, +1.46% shareholders voted to approve the Canadian cannabis company's proposed merger with Aphria Inc. apha ca:apha at a special meeting on Friday, according to media reports, paving the way for the creation of the world's biggest cannabis company measured by revenue.
Is APHA delisted?
End of APHA stock, you say? Well, it is being delisted. But shareholders, who voted an astonishing 99.38% in favor of the merger, got 0.8381 of a share of TLRY stock for each of their Aphria shares. That's 0.8381 of a share of stock in what is now the largest cannabis company by revenue.
When did Tilray and Aphria merger?
Tilray & Aphria Announce Closing of Transaction That Creates the “New” Tilray – a Global Cannabis Leader. NEW YORK & LEAMINGTON, Ontario --(BUSINESS WIRE)--May 3, 2021-- Tilray, Inc. (“Tilray”) and Aphria Inc.
Did Tilray do a stock split?
Tilray Brands (TLRY) has 0 splits in our Tilray Brands stock split history database. Looking at the Tilray Brands stock split history from start to finish, an original position size of 1000 shares would have turned into 1000 today.
Will Aphria stock make a comeback in 2020?
As cannabis is a highly regulated industry, investors can expect a delay in the roll-out of retail stores in major Canadian provinces. However, Ontario, Canada’s largest retail market for adult-use cannabis, announced changes in the licensing processes, which will increase the number of new retail locations significantly by the end of 2022.
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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.
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.
Why Aphria stock fell after earnings
When the COVID-19 pandemic first forced closures in North America, there was some enthusiasm in the cannabis space. Recreational sales in Canada and the United States enjoyed a significant bump in the early days of the lockdown. However, this momentum has since tapered off.
Should you avoid cannabis stocks?
Earlier this month, I’d discussed how the coming United States presidential election could impact some TSX-listed stocks. Unfortunately for the cannabis industry, Donald Trump and Joe Biden are both uninterested in pushing for federal legalization.
Evaluating Aphria in late July
Aphria took a tough shot after its Q4 and full-year earnings release, but investors should not give up on this top producer. Its shares last had a favourable price-to-book value of 1.1. Investors should watch Aphria stock closely and be prepared to pull the trigger if it falls into oversold territory.