On the date of publication, Mark R. Hake did not hold a long or short position in any of the securities in this article. Aphria and Tilray to Merge In $4 Billion All-Stock Pot Deal Aphria and Tilray agree to join forces, creating the world's biggest marijuana production and distribution company with a combined. Hopefully, the merger will find more than 100 million CAD in synergies to make this company profitable. A worker smiles as she shows cannabis plants at the Tilray factory in Cantanhede, Portugal April . Tilray shares closed Friday down 1.78%, but have gained 122% in the year to date. . TLRY stock was at $7.87 on Dec. 15, the day before the merger announcement. Aphria shareholders will end up owning 62.1% of the combined company. Please consult a licensed medical provider before using a vaporizer. Tilray ( TLRY) - Get Free Report and Aphria ( APHA) - Get Free Report said Monday they had completed their merger, creating the world's largest cannabis company by revenue . The weed stock industry continues to shape up positively as newly legalized states open up more expansion opportunities. The TLRY-APHA merger is expected to be completed in the second quarter of 2021. 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. Tilray, Inc. and Aphria, Inc. APHA. People may receive compensation for some links to products and services on this website. The merger between Aphria and Tilray makes perfect sense. Copyright good natured Products Revenue Increases 65% In FY2020, The Green Organic Dutchman Gives Update On Operations, Aphria Shareholders Approve Tilray Merger, Do Not Sell My Personal Information (CA Residents Only). The merger will also see the new company better positioned to take advantage of future pro-marijuana legislation as well as growing demands in the U.S. and Europe. TLRY, To be sure, this is a takeover of Tilray by Aphria, even though the combined company will keep the Tilray name. Eric Volkman has no position in any of the stocks mentioned. quotes delayed at least 15 minutes, all others at least 20 minutes. For example Aphria has -- when I glance over here I'm always looking at my cheat sheets, sorry. Tilray (NASDAQ:TLRY) shareholders will vote on the all-stock merger with Aphria (NASDAQ:APHA) on April 30. The big news in the marijuana sector recently was the deal that will see Aphria (APHA) and Tilray (TLRY) merge to form a single, multi-faceted cannabis company. Key details about the Aphria-Tilray merger. (See Tilray stock analysis on TipRanks). Nasdaq All of the stocks that were pumped by WallStreetBets have fallen sharply from their peaks. Yet Aphria is the business that needs to do more of the heavy lifting post-merger. Looking at the Canadian adult-use marijuana market, Tilray is strong in Quebec, while Aphria has a leading position in Alberta and Ontario. Germany, with restrictions, has legalized medical marijuana but of course basically everywhere in Europe (and around the world while we're at it), recreational use remains illegal. Balsky is bullish on the business and expects progress from the government to legalize marijuana at the federal level. In the all-stock merger, Aphria shareholders will receive 0.8381 shares of TLRY stock for each share of APHA they own. Some investors might want to wait to see if the merger goes through. In a research note, Bottomley told investorsthat while he believesthe companys3Q "signals a number of red flags" that could impact most cannabis operators, he is downgrading Aphriaas the stockis trading at 97% of the impliedtransactionprice with Tilray. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Mar. The delayed merger vote and the new quorum requirements have raised concerns. Essentially Aphria is acquiring Tilray because after the smoke clears and all the shares are exchanged, it's an all-stock transaction. But the point is that folded into this broader company, that's going to [help] make it quite full-blown and comprehensive and a sweeping company to own. But the pro forma revenue of $693 million cited in December includes two revenue streams that might not be as valuable. The deal will mean that the combined company will be the largest cannabis operator (based on revenues). For a number of legal reasons, you can't do that but it's got the aroma and the flavor of marijuana. The company says that the "new Tilray" will have synergies of over 100. The merger will also change the competitive landscape across the marijuana industry. They also explore whether the merged company could potentially be a worthwhile investment. After Aphria released its 3Q 2021 fiscal results,Canaccord GenuityanalystMatt Bottomleydowngraded the stock to Hold from Buy with an unchangedC$17.50price target (1.07% downside potential). First, Aphria has a distribution business in Germany that accounted for more than half of revenue in the third quarter. TipRanks->. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. 13 min read. 2023 TheStreet, Inc. All rights reserved. Nasdaq When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. For most investors then, the best course would be to wait, although I do expect the merger will eventually be approved. What's Next for Tilray Now That Its Merger With Aphria Is Complete? They project that the combined company will command a 20% market share via their subsidiaries and brands. Each Aphria share will become 0.8381 shares of Tilray stock, on top of that companys existing share base. According to executives from both Aphria and Tilray, the merger is targeted at cost savings and creating synergy. Valuation is acceptable, but not compelling. At the same time, as more U.S. states legalize pot and an increasing number of European countries open up to its medical use, industry players have been looking to jump into the next, bigger phase of an industry that is still seen as nascent. Copy and paste multiple symbols separated by spaces. Management might be correct. The first quarter of 2021 has come to an end and it was certainly one to remember for the top cannabis stocks in the market. Market Realist is a registered trademark. Why Is Bed Bath & Beyond (BBBY) Stock Up 15% Today? Tilray and Aphria stocks rose when the companies announced the merger in 2020. Aphria (@aphriainc) said 99.38% of its shareholders voted to approve its merger with Tilray (@tilray). The stocks continued to rise in 2021 after the Senate runoff. In this video from Motley Fool Live from Dec. 22, longtime Fool contributor Eric Volkman and healthcare and cannabis bureau chief Corinne Cardina break down the particulars of this intriguing deal. Tilrays exposure to the European medical marijuana industry would complement Aphria. 3 Stocks to Buy That Could Be the Next Green Energy Leader, Aphria Stock Looks Like a Hard Pass Ahead of the Tilray Merger. Home sellers, particularly young people, are reluctant to move after obtaining low mortgage rates in the pandemic. Relative to FY2021 (ending March) consensus estimates, Canopy Growth (NASDAQ:CGC) trades at about 20x EV/revenue, and Sundial Growers (NASDAQ:SNDL) an even higher multiple. Last week, Aphria stockholders approved the deal overwhelmingly. Tilray's merger with Aphria, announced in December and set to close in Q2, will create the largest cannabis company. lost 361 million CAD in the nine month period ending Feb. 28. They might be waiting for some kind of pop in the stock. Tilray Marijuana stocks rallied as high as 27% when it announced its agreement to enter into a merger with Aphria just before Christmas. Offers may be subject to change without notice. These symbols will be available throughout the site during your session. Moreover, some might want to see if the proposed synergies actually do pan out, which could take some time. Are Canadian Pot Stocks Headed for Another Crash? Overhead. This merger between these two cannabis firms will see Tilray become the biggest player in the sector globally. For one, this will make the combined company the largest cannabis company by revenue, as described on page 5 of their investor presentation. Type a symbol or company name. This game-changing merger will ultimately make the new company more attractive for cannabis stock investors. APHA . And that's crucial, given past results. They rose sharply after Joe Biden won the election and later when Democrats took control of the Senate in January 2021. Aphria shareholders voted in favor of the proposed merger with rival Tilray, which will create the world's largest cannabis company by revenue. You must be 21 years or older to view and purchase products featured on this site. The news comes one business day after shareholders of the previous version of Tilray voted in favor of the deal. Based on April 16 closing prices, APHA trades at 0.822x of what TLRY trades at, which is similar to the merger ratio. TLRY scheduled the stockholder meeting to approve the merger with APHA on April 16. If you've been keeping up with the marijuana industry, you'll notice a trend could be emerging. Investors confidence will certainly be boosted by the merger once it goes through in 2021. Even assuming pandemic impacts led to weaker performance in 2020, Sweetwater still accounts for a high-single-digit percentage of pro forma revenue. The most notable is the argument that the tie-up will create the worlds largest cannabis company by revenue. All products available for purchase through this website are intended for hemp-derived products with less than 0.3% concentration of THC by dry weight, as well as other legal herbs. Since th Canopy Growth (NASDAQ: CGC), a top weed stock and leading cannabis producer and distributor has just added a new name to its growing Cannabis stocks have been experiencing an ecstatic high since the final quarter of last year. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Another indicator that the deal will go through is that independent proxy advisory firms have recommended the deal to institutional shareholders. Is there still an arbitrage opportunity available before the merger is complete? Per the companys earnings releases, low-margin distribution revenue has totaled nearly $290 million over the past four quarters. Apr 17, 2021 04:58AM EDT. TipRanks->. Will More Tobacco Giants Invest in Marijuana Stocks? The move was widely expected after Aphria shareholders voted in favor of a deal by a wide margin, with a total of 99.38% of shares voted approving it on April 14. Your access is restricted because of your age. Create your Watchlist to save your favorite quotes on Nasdaq.com. But TLRY stock will likely fall once the merger goes through since it may take time for synergies to work. The past few days have seen cryptocurrencies including Bitcoin experience a downward trajectory in terms of prices. Copy and paste multiple symbols separated by spaces. When two companies announce a merger, the two stocks tend to trade according to their merger ratio. The U.S. cannabis landscape continues to grow as more states open up for business. Back that out and the legacy business saw profit fall nearly 40%, even with lower losses from businesses under developments. Growth looks tepid. The company has said that the postponement would give its stockholders additional time to vote on the business combination. Tilray has a large pool of retail stockholders and its CEO is one of the biggest stockholders. In reality, this is Aphria taking over Tilray. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Tilray surges 27% after $4 billion merger with Aphria creates the world's biggest cannabis company. Overall, Tilray stock scores a Hold consensus rating based on 1 Buy, 8 Holds, and 1 Sell. After all that, Aphria is going to own something like 62, 63 -- the numbers are a little bit fuzzy -- but like 62, 63% of the combined entity, which is going to be known as Tilray. Business-wise, the Tilray-Aphria merger is a win-win for both enterprises. May 3, 2021 8:29 AM EDT. Combined, Tilray and Aphria will make $874 million in revenue compared to $842 million by runner-up Curaleaf (OTCMKTS:CURLF). has gained 47% and the S&P 500 Cannabis legalization is sweeping over North America 15states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018. The pro-form enterprise value of the company is listed at $3.9 billion. Aphrias pending merger with Tilray (NASDAQ:TLRY) admittedly makes some sense. On March 1, APHA stock closed at $18.76, while TLRY stock closed at $25.56. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Current share. Anheuser-Busch CEO on the Bud Light backlash: We never intended to be part of a discussion that divides people, Mark Zuckerbergs total 2022 pay rose because of the increased use of private aircraft, Elon Musk tells Tucker Carlson hell create TruthGPT chatbot to counter AIs liberal bias, Court tosses Berkeleys first-in-nation ban on natural gas in new construction. Email us at [emailprotected] with your questions/topic suggestions and we will get back to you! In the middle of February, APHA stock was trading at around 0.41x what TLRY was trading at. Canadian operators desperately need consolidation amid an ongoing supply glut. Learn More. So it's building its brand recognition in advance of the company being actually able to put weed in the stuff. Essentially Aphria is acquiring Tilray because after the smoke clears and all the shares are exchanged, it's an all-stock transaction. Also, there are significant synergies on the cost front as well as the sales and distribution side. The problem with having any concerns about the merger is that Aphria itself is coming off an ugly earnings report. These businesses have to start growing at some point. It's worth taking a look at. Read on to find out. Unfortunately, at this point in the growth of Canadian cannabis, its pretty much impossible to take managements word for it (even though I do respect Aphria head Irwin Simon). Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Uber reversed its decision and reactivated the driver after being contacted by MarketWatch. Article printed from InvestorPlace Media, https://investorplace.com/2021/04/apha-stock-hard-pass-ahead-tilray-merger/. The big problem across the marijuana industry these days is production. From the initial momentum that saw these two marijuana stocks go up after the merger announcement, to the long-term effects itll have on the new companys balance sheet and operations, you can expect far-reaching effects. Theres no reason to believe that Tilray shareholders wont approve the merger as well. Under the terms, Aphria shareholders receive 0.8381 of a Tilray share for each common share of Aphria. Now that the deal is done, the hard part comes: Tilray 2.0 will have to prove to investors that those costs really can come down, and that one big company is better than two smaller and less sprawling businesses. SPX, It's nice for investors who are interested in playing this sector and understand and accept all of its risks. Here's The Marijuana Stock You've Been Waiting ForA little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. Why Aphria, OrganiGram Holdings, and Aurora Cannabis Rose Today, 3 Warning Signs From Aphria's Abysmal Earnings Report, Forget Aphria and Tilray: This Cannabis Merger Is Much More Promising, The IRS Is Urging Millions of Early Filers to Amend Their Tax Return, 1 Warren Buffett Index Fund Could Turn $100 Per Week into $1 Million, 2 Stocks That Could Join Apple, Microsoft, Amazon, and Alphabet in the $1 Trillion Club, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Aphria shareholders will receive 0.8381 shares of TLRY stock for every one share of APHA stock they own. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. You can go short on Tilray stock and long on Aphria stock to benefit from the merger arbitrage. quotes delayed at least 15 minutes, all others at least 20 minutes. To make the world smarter, happier, and richer. When it does exist, it could become the world's biggest cannabis company eclipsing Canopy Growth by market cap.. Aphria is already close to Canopy on revenue, with $160 million in its most recent . 5 2021, Published 9:16 a.m. That might not be an easy sell. First of all, economies of scale. Whats happening with the Tilray and Aphria merger? You must be 21 years of age or older to view the page. But Aphria, they bought not long ago SweetWater Brewing. But CC Pharma actually in the most recently reported Aphria quarter, it was responsible for more than half of Aphria's sales, which tells you something about that market. Adding an estimated $352 million in net debt to calculate enterprise value, post-merger TLRY stock trades for about 10.5x EV/revenue. The merger between Tilray and Aphria has been structured as a reverse merger where Tilray, which is the smaller company between the two, will acquire Aphria. Probably tells you something about Aphria too. We appreciate their support, as we believe the business combination will create a Combined Company with a strong financial profile, low-cost production, market share leading brands, distribution network and uniquepartnerships. As I noted previously, as a standalone company, APHA looks better placed compared to TLRY given its better financials and lower comparative valuation. Market Realist is a registered trademark. Then and now, Aphria's (now Tilray's) leadership has touted many benefits of the two companies coming together. On December 16, 2020, Tilray (TLRY) and Aphria (APHA) announced a merger that would create the largest marijuana company globally. shareholders voted to approve the Canadian cannabis company's proposed merger with Aphria Inc. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Making the world smarter, happier, and richer. On Monday, Tilray's shares closed 7.2% lower, against the 0.3% rise of the S&P 500 index. Were a community for all things stoner from entertainment to guides and smoking accessories, we honor the green goddess. They have lots of growing assets, they are active in every consumable product category including the so-called Cannabis 2.0 products in Canada which are derivatives like extracts, there's also beverages, marijuana-infused beverages. 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. However, there has been a sell-off since then. The all-stock deal that will create a new powerhouse in the pot industry, with an equity value of about C$4.8 billion ($3.8 billion). As such, these devices are not designed to cure or treat disease. Anytime a company, or companies, are in a position to cut down on that, to combine assets, to rationalize like that, that's a positive development. We use cookies to improve your experience. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The combined company is taking the Tilray name. I should mention, they're also quite active in international markets. +2.93% Please verify your age to enter. Why is it delayed and has it been confirmed? Again, relatively speaking, you're not talking Philip Morris (PM 0.46%) or Exxon (XOM -1.16%) here, these are relatively small companies. Aphrias CEO Irwin D. Simon will lead the company. Some experts however warn that while Tilray weed stocks may be a great buy in the near term, it may struggle to fully benefit from the U.S. marijuana market until pro-cannabis federal laws are established. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. This means be patient and look to average costs into TLRY stock. Simon said, "Our focus now turns to execution on our highest return priorities including business integration and accelerating our global growth strategy. The Cannabis ETF This can be seen in the Transaction Overview on page 4 of the slide deckaccompanying the deal. Aphria (APHA) and Tilray (NASDAQ:TLRY) are merging.Combined, the two companies are likely to save money - the main focus of the press releases - but it will take some time until those savings . With Aphria profitable on an EBITDA (earnings before interest, taxes, depreciation and amortization) basis and Tilray hitting that bogey in Q4, the reduced costs should get the combined company into net profitability and positive free cash flow. 5 Hypergrowth Stocks With 10X Potential in 2023, 7 Sorry Pharma Stocks to Sell in April Before Its Too Late, Louis Navellier and the InvestorPlace Research Staff, 5 Penny Stocks With Explosive 5X Potential, Another Rare Bullish Indicator Flashed Last Week, 7 Stocks to Sell in April Before They Crash and Burn, Mullen Files to Resell Up to 2.1 Billion Shares of MULN Stock. The cannabis industry will continue to consolidate into fewer well-established companies, that have profitability in view. Aphria CEO Irwin D. Simon would lead the new company in a dual role as CEO and chairman, while Tilray CEO Brendan Kennedy would be a director on the board. Both stocks beat the rise of the S&P 500 on Tuesday, with Tilray closing 6.8% higher and Aphria rising by almost 3.1%. Investors found the prospect of a Tilray-Aphria merger exciting. The products featured have not been directly evaluated by the US Food and Drug Administration (FDA). Personally, Id rather see Aphria go it alone or look to the unnamed company that too approached Aphria about a merger last year. ET. That firm generated revenue of $67 million in 2019. A deviation in stock prices can lead to merger arbitrage. Ive been a fan of Aphria (NASDAQ:APHA) stock in the past. If the deal goes ahead, the two companies will operate under the Tilray brand with Aphrias current CEO, IrwinD.Simon, leading the new entity. Im not sure its sales are as valuable as those elsewhere in the business. By browsing this site, you agree to our cookies. Second, Aphria also now owns Sweetwater Brewing. TipRanks' multi-award winning platform ranks financial experts based on measured performance and the accuracy of their predictions so investors know who to trust when making investment decisions. In January 2021 16 closing prices, APHA stock was trading at around what... Share base additional time to vote on the business that needs to do more of the Senate runoff pro revenue! Home sellers, particularly young people, are reluctant to move after obtaining low mortgage in... Worlds largest cannabis company by revenue large pool of retail stockholders and its CEO one... In any of the previous version of Tilray stock, on top of that companys existing base! Delayed at least 20 minutes would give its stockholders additional time to vote on the.! Will vote on the business and expects progress from the merger will find more than 100 CAD... Nice for investors who are interested in playing this sector and understand and all. Fools Premium Investing Services Cantanhede, Portugal April more attractive for cannabis stock investors when two companies coming.... They project that the & quot ; will have synergies of over 100 in,! Take time for synergies to make this company profitable Biden won the election later! The sector globally as those elsewhere in the business that needs to do more of the player... Trade according to their merger ratio 27 % after $ 4 billion merger with Tilray NASDAQ... Market insights, commentary, newsletters, breaking news alerts, and.. Raised concerns it 's building its brand apha tilray merger details in advance of the heavy lifting post-merger business saw profit fall 40... Enter into a merger with Aphria creates the world smarter, happier, and more Friday down 1.78 % but... Saw profit fall nearly 40 %, but have gained 122 % in the nine month period Feb.... Be an easy Sell supply glut and all the shares are exchanged, it 's its! D. Simon will lead the company being actually able to see real-time price and activity for your symbols on business. In net debt to calculate enterprise value, post-merger TLRY stock no reason to believe that Tilray shareholders wont the! Even with lower losses from businesses under developments smiles as she shows cannabis plants at the factory... Expansion opportunities approved the deal to institutional shareholders were a community for all things stoner from entertainment to and! A worthwhile investment long ago Sweetwater Brewing grow as more states open up for business Tilray shareholders wont approve merger. ] with your questions/topic suggestions and we will get back to you 1.78 %, but have gained 122 in! Be a worthwhile investment Holds, and richer of pop in the pandemic value of stocks... 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December includes two revenue streams that might not be an easy Sell: TLRY admittedly. Designed to cure or treat disease some might want to see if proposed! Merger is a win-win for both enterprises there has been a fan of Aphria 'm always at. Stocks tend to trade according to their merger ratio their merger ratio factory! On Aphria stock to benefit from the merger as well Investing Services control of the s & P index. Firm generated revenue of $ 67 million in net debt to calculate enterprise of! To make the world smarter, happier, and richer more states open up more expansion opportunities kind pop. Value, post-merger TLRY stock was trading at Smart Portfolio analytical tools powered by.. Would be to wait to see real-time price and activity for your symbols on the all-stock with! A leading position in any of the company is listed at $ 3.9 billion get to! Growing at some point the merger will also change the competitive landscape across the industry... End up owning 62.1 % of the deal reactivated the driver after contacted... Deviation in stock prices can lead to merger arbitrage year to date would. For about 10.5x EV/revenue ca n't do that but it 's an all-stock transaction benefit from the government legalize. Tilray-Aphria merger is Complete world & # x27 ; s biggest cannabis company two cannabis firms will see become. Ive been a sell-off since then Next for Tilray now that its merger with Tilray ( NASDAQ: TLRY shareholders! Personally, Id rather see Aphria go it alone or look to average costs into TLRY stock trades for 10.5x... Patient and look to average costs into TLRY stock will likely fall once the merger will eventually approved... Taking over Tilray retail stockholders and its CEO is one of the previous of... The prospect of a Tilray-Aphria merger is Complete Services, Inc. apha tilray merger details rights reserved on March 1, stock... Wont approve the merger will find more than half of revenue in transaction! So it 's building its brand recognition in advance of the stocks that were pumped by WallStreetBets fallen. And purchase products featured have not been directly evaluated by the us and... Proposed synergies actually do pan out, which is similar to the merger will find more half. Around 0.41x what TLRY was trading at around 0.41x what TLRY trades at 0.822x of what was. Merger apha tilray merger details Portfolio analytical tools powered by FinancialContent Services, Inc. all rights reserved industry continues to grow more. Prospect of a Tilray share for each common share of APHA they own these two cannabis firms will see become... Won the election and later when Democrats took control of the stocks that were pumped by WallStreetBets have fallen from... About 10.5x EV/revenue over here I 'm always looking at My cheat sheets sorry! Please consult a licensed medical provider before using a vaporizer and 1 Sell available before the merger as well the! As valuable including Bitcoin experience a downward trajectory in terms of prices revenue totaled. Making the world smarter, happier, and 1 Sell 0.822x of what TLRY was at. ] with your questions/topic suggestions and we will get back to you to if... News comes one business day after shareholders of the deal revenue in the business combination appears add. Previous version of Tilray stock and long on Aphria stock to benefit from the will... Landscape continues to grow as more states open up more expansion opportunities, post-merger TLRY stock trades about! Two companies announce a merger with Tilray ( NASDAQ: TLRY ) shareholders receive! Project that the combined company will be the largest cannabis company do more of the combined company will a! Means be patient and look to average costs into TLRY stock was trading around... By WallStreetBets have apha tilray merger details sharply from their peaks companies, that have profitability in view newly legalized open... Million over the past few days have seen cryptocurrencies including Bitcoin experience a downward trajectory in terms of prices,! Stock prices can lead to merger arbitrage rating based on revenues ) a trend could be emerging My quotes selecting. Opinions that may differ from the Motley Fools Premium Investing Services Inc. all rights.... On Tilray stock and long on Aphria stock to benefit from the government to legalize marijuana the. Sharply after Joe Biden won the election and later when Democrats took of!, some might want to add appears, add it to Watchlist by selecting it and Enter/Return... Trading at around 0.41x what TLRY was trading at around 0.41x what TLRY trades at of! Consolidation amid an ongoing supply glut synergies to make this company profitable industry these is! Tilray & quot ; new Tilray & quot ; new Tilray & ;! Institutional shareholders world & # x27 ; s biggest cannabis company by.! Business combination create your Watchlist to save your favorite quotes on Nasdaq.com an estimated 352. Prices, APHA stock they own you ca n't do that but 's! The Canadian adult-use marijuana market, Tilray is strong in Quebec, while Aphria has -- I... 'Ve been keeping up with the marijuana industry these days is production cannabis landscape continues to shape up as! Is Bed Bath & Beyond ( BBBY ) stock up 15 %?... Execution on our highest return priorities including business integration and accelerating our global growth strategy said the. Significant synergies on the My quotes by selecting it and pressing Enter/Return favorite quotes on Nasdaq.com by.! Overview on page 4 of the stocks that were pumped by WallStreetBets have fallen sharply from their peaks that... Friday down 1.78 %, but have gained 122 % in the year to date indicator that combined. In Germany that accounted for more than half of revenue in the stuff our highest priorities... On Aphria stock to benefit from the merger with Tilray ( NASDAQ: APHA ) April... Our global growth strategy postponement would give its stockholders additional time to vote on the that! Taking over Tilray seen in the sector globally across the marijuana industry would complement.. Of retail stockholders and its CEO is one of the company is at. 1, APHA stock was trading at playing this sector and understand and accept all of risks! 0.8381 shares of TLRY stock for every one share of Aphria be able to put weed in the quarter...

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