But soft earnings and questions about the combined company make APHA stock an avoid.More From InvestorPlace Why Everyone Is … Tilray Bulls Should Chill and Root for Pullbacks Ahead Of Aphria Merger Soon to be own biggest retail cannabis firm, TLRY investors need some patience now By Chris Markoch Apr 12, 2021… The Company’s class 2 common stock (“Tilray Shares”) will continue to trade on the Nasdaq Global Select Exchange under the ticker symbol “TLRY” and will commence trading on the Toronto Stock Exchange under the ticker symbol “TLRY” on May 5, 2021. TLRY stock is already having an amazing 2021, but it's only the beginning. ... Mar. Share 0. Returns as of 4/29/2021. Tilray to Host Special Meeting of Stockholders on Friday, April 16, 2021 to Approve Proposed Aphria-Tilray Business Combination. ... Aphria and Tilray Join Forces in Cannabis-Infused Mega Merger. Going by revenue, the new Aphria/Tilray … Returns as of 5/11/2021. 420 Intel is your source for up to date news on the marijuana industry. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news. Aphria (APHA) and Tilray (TLRY) merger The merger between Aphria Inc. (APHA) and Tilray Inc. (TLRY) will complete on May 5, 2021 . 5 views; 7 minute read; Total. Tilray closes merger with Aphria. Tilray shares soar 10% premarket after Jefferies upgrades to buy, says Aphria merger 'the perfect match' Published: May 7, 2021 at 8:41 a.m. CBD is derived from the hemp plant, a relation of the marijuana plant. ET By Mohit Oberoi, CFA. Tilray (TLRY) - Get Report shares were double-upgraded at Jefferies after shareholders approved the company's merger with fellow Canadian cannabis provider Aphria. The Company’s class 2 common stock (“Tilray Shares”) will continue to trade on the Nasdaq Global Select Exchange under the ticker symbol “TLRY” and will commence trading on the Toronto Stock Exchange under the ticker symbol “TLRY” on May 5, 2021. Among these, there’s a big merger … High hopes for pot stocks in 2021 Tilray, Inc. is a Canadian medical marijuana company with interests worldwide. Zuanic said the arbitrage gap has narrowed since February, when Aphria shares were trading at a 51% discount over the merger conversion price, but said he would still play the deal via Aphria, and not Tilray. Aphria (APHA), which is set to merge with Tilray (TLRY), gained over 25 percent in regular trading on Feb. 9, and was up in premarket trading on Feb. 10 as well. Aphria becomes Tilray on Wednesday in giant pot merger Submitted by Marijuana News on Tue, 05/04/2021 - 10:46 Leamington’s biggest private employer loses its name on Wednesday but will remain the controlling power behind a blockbuster merger of two Canadian pot giants in what becomes the world’s largest cannabis company. Recently, the company closed a merger agreement with Aphria, creating the largest cannabis company by revenue.It seems that Tilray is well-positioned for sustained growth in … I like TLRY stock at under $15, its lowest point since early 2021. You can read more about this in the company press release here . The stock reached levels of close to 150 USD in Oct 2018 and has been going down in tandem with other cannabis companies in US since then. ... Curaleaf stock is up 16% year to date versus a 90% gain in 2020. Both of these Canadian marijuana stocks have been huge winners in 2021 as investors eagerly anticipated the merger. Bennet is expecting combined sales growing 33% between fiscal 2020 and fiscal 2024, leading to 2024 sales of $1.7 billion. ET ... 2 Green Flags and 2 Red Flags for Tilray and Aphria Their upcoming merger is … Tilray (TLRY) and Aphria (APHA) $4bn merger information including expected completion date, offer price and contact details are displayed in the acquisition details table below. The investment firm's analysts upgraded Tilray to buy from underperform while raising their price target to $23 a share from $4.77. As markets in locations like Canada and Germany begin to reopen from COVID-19 lockdowns, Simon said in a company news release Monday that the new Tilray “is poised to strike and transform the industry.”, Aphria will now be called Tilray after the Leamington-based company’s merger with the Nanaimo-based cannabis company. Sign up and stay up to date! ET Tilray Inc. shareholders on Friday followed suit with those of Aphria Inc. weeks earlier and voted to approve the merger which includes adopting Tilray as the shared name for the business combination. Aphria's and Tilray's share prices have more than doubled year to date. ... By JJ Kinahan - May 07, 2021. Its shares have been highly volatile over the past weeks. Sunday, May 9, 2021 1:52 AM EDT Aphria and Tilray merged last week and now trade under the TLRY symbol and, as such, the Canadian Pure-Play Licensed Producers (LP) Pot Stock Index has been reduced to just 7 constituents which, on average, declined -4.9% during the week but remain +26.0% YTD. Tilray shareholders approve Aphria merger, creating world's biggest cannabis company by revenue Published: May 2, 2021 at 10:36 a.m. The Tilray-Aphria merger is expected to close in the second quarter … We’ve seen a tonne of deals proposed and a number of high-profile deals set to close. The Aphria Opportunity. However, in … Tilray shares stepped up by roughly 10% on Friday, bolstered by a double upgrade to "buy" from "underperform" at Jefferies, which said the cannabis company entered into a "perfect" merger with Aphria. Boy, has 2021 been an interesting year for deal making. The C$5 billion (US$4 billion) merger creates the world's largest marijuana production and distribution company. In London, Tilray operates a 5,200-square-metre plant that processes pot from the Enniskillen Township greenhouse into edibles, beverages, vapes and other products and the merger brought with it two large-scale Aphria greenhouses in Leamington, employing 700 workers. Tilray envisioned an all-stock deal, with shareholders of Tilray and Aphria owning 56% and 44% of the combined entity, respectively. While the merged company retains the Tilray name, it is now former Aphria … The merger of Tilray with Aphria Inc is expected to close in Q2 2021, which will help Tilray to be World’s largest cannabis company. The two companies had a combined market value of over $10 billion at the afternoon close of stock market trading on Friday. Together, I think it can do a lot of good things. The bulk of its sales are in Canada and in the international medical cannabis export market. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. TLRY stock is already having an amazing 2021, but it's only the beginning. This report by The Canadian Press was first published April 16, 2021. In 2020, marijuana stocks were at times struggling (and at times thriving), but with 2021’s arrival, it seems that pot stocks are on a consistent rise once more. Investing 101. Cannabis Watch To profit from planned merger of Tilray and Aphria, buy Aphria, says this analyst Last Updated: Feb. 20, 2021 at 5:29 p.m. Play Tilray Stock for the Aphria Stock Merger Arbitrage Opportunity This short-term opportunity will become a buy-and-hold investment once the merger closes By … Meanwhile, the average major Canadian-licensed producers are expected to generate $482 million annually in that period and U.S. multistate operators are expected to generate $1.6 billion. 420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Tilray shareholders approve Aphria merger, creating world's biggest cannabis company by revenue Published: May 2, 2021 at 10:36 a.m. Tilray says shares will start trading on Toronto Stock Exchange from May 5 after Aphria merger approved Published: May 3, 2021 at 6:13 a.m. 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). The transaction is expected to close in Q2/2021. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Aphria and Tilray Join Forces in Cannabis-Infused Mega Merger. Tilray and Aphria announced their agreement to merge in December. Tilray Inc. shareholders on Friday followed suit with those of Aphria Inc. weeks earlier and voted to approve the merger which includes adopting Tilray as the shared name for … Tilray – a global pioneer in cannabis research, cultivation, production and distribution – announced its agreement to combine with Aphria. Apr 15, 2021 9:05 AM EDT. The plan to combine Aphria and Tilray was announced in … Meanwhile, Tilray showed no growth in revenue, reporting CA$68.1 million in … The Company’s class 2 common stock (“Tilray Shares”) will continue to trade on the Nasdaq Global Select Exchange under the ticker symbol “TLRY” and will commence trading on the Toronto Stock Exchange under the ticker symbol “TLRY” on May 5, 2021. Technically speaking, it was Tilray that acquired Aphria. Last month, Aphria shareholders voted to approve the two companies' plan to merge. Both of these Canadian marijuana stocks have been huge winners in 2021 as investors eagerly anticipated the merger. Valuation still high prior to Aphria merger. Aphria, which is set to merge with Tilray in the second quarter of 2021 subject to regulatory approvals, has also surged 280%. Tilray and Aphria merger date While announcing the deal with Aphria, Tilray said that the merger would be completed in the second quarter of 2021. Cooley LLP advised Tilray on the deal. Tilray earlier this week pushed the date of the special shareholder meeting to April 30 from April 16. © 2021 TheStreet, Inc. All rights reserved. View all Motley Fool Services. Marijuana industry news is a constant endeavor with new developments each day. Tilray, headquartered in Nanaimo, B.C., will continue to be listed on the American Nasdaq exchange but will also commence trading on the Toronto Stock Exchange on May 5. The merger, which the company says will deliver about $100 million in annual pre-tax operational savings within 18 months, comes two and a half years after Canada legalized recreational pot for adults and just seven years after a couple of Leamington greenhouse growers joined forces and began growing Essex County’s first commercial crop of medical marijuana. The combined company has 12-month annual sales of C$874 million (US$717 million). Tilray and Aphria Close Merger. In Europe, the market is now picking up, while Tilray's scale and Aphria's unique German positioning make it perfectly suited to succeed,". ET Leamington’s biggest private employer loses its name on Wednesday but will remain the controlling power behind a blockbuster merger of two Canadian pot giants in what becomes the world’s largest cannabis company. The new company has holdings around the world and a growing portfolio of brands across cannabis-lifestyle and wellness product categories, including medical and adult recreational, hemp foods and beverages. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. I liked Aphria stock more than Tilray pre-merger. 4 2021, Published 10:08 a.m. May 5, 2021. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. THC is the main active ingredient in marijuana. Tweet 0. Under the terms Tilray was to pay 0.8381 share for each Aphria share. Published on 05 May 2021 Author Jeremy Vedder Share article The post has been shared by 0 people. The combination of Aphria and Tilray will create the world’s largest global cannabis company with pro forma revenue of US$685 million (C$874 million) for the last 12 months as reported by each company prior to the date of the announcement of the Transaction on December 16, 2020, the highest in the global cannabis industry. It's used in medical applications and doesn't create the high that marijuana does. "And in the U.S. the combined company's broader consumer-goods portfolio and strong balance sheet supports excellent optionality around both U.S. [tetrahydrocannabinol and cannabidiol]," Bennet said. This week’s big jobs report is now in the rearview mirror, and Wall Street may be eager to move on from it. ET First Published: Feb. 16, 2021 at 8:27 a.m. View all Motley Fool Services. Aphria shareholders will receive 0.8381 of a Tilray share for each Aphria share they own, while Tilray shareholders will have no adjustments made. Aphria reported 33% year-over-year revenue growth in the second quarter of fiscal 2021 ended Nov. 30. Combined, [Aphria and Tilray] have a … April 29, 2021. Aphria shareholders will receive … Aphria shareholders will receive 0.8381 shares of … Under the terms Tilray was to pay 0.8381 share for each Aphria share. However, a … Up next New York Taxi Drivers Will No Longer Be Tested For Weed. Mar. merge) and to continue operations under the Tilray corporate name with shares trading on NASDAQ under ticker symbol “TLRY”. The Tilray Thesis: “We believe Tilray's announced merger with Aphria can help build its scale and benefits from medical sales growth in the EU," Lavery wrote in the downgrade note. Exactly one month after the Florida meeting, Tilray offered a first draft of a nonbinding term sheet for a merger. PHOTO BY DAX MELMER /Windsor Star. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week. An invaluable buyout factsheet for traders and investors looking to trade the merger arbitrage spread . January 14, 2021 January 14, 2021 Ambrogio Visconti. ET Tilray (TLRY) and Aphria (APHA), which announced a merger in December 2020, have received stockholder approval … The combined company had a market cap of … To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn. Under the terms Tilray was to pay 0.8381 share for each Aphria share. When Tilray and Aphria announced the merger in December 2020, they forecast that the merged entity would become the largest marijuana company globally. Tilray was upgraded to buy from underperform at Jefferies, which sees a 'perfect match' in its combination with Aphria. You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. At last check Tilray shares were trading 7.7% higher at $15.24. Tilray shares were climbing 3% to $18.89, while Aphria was off slightly to $15.38 in premarket trading. The new company’s common shares will begin trading under the ticker symbol TLRY . Tilray CEO Brendan Kennedy discusses the pact with Grow Pharma to distribute Tilray's medical cannabis products in the U.K., the agreed merger with Aphria… The combined company will have "a strong financial profile, low-cost production, market-share-leading brands, distribution network and unique partnerships," Aphria Chief Executive Irwin Simon said in a statement. Tilray (NASDAQ: TLRY) shareholders will vote on the all-stock merger with Aphria (NASDAQ:APHA) on April 30. Publish date: May 7, 2021 8:51 AM EDT. Another meaningful capital raise likely needed. Meanwhile, the move comes in anticipation of the finalization of a merger with Aphria Inc. (TSX: APHA) APHA, scheduled for the second quarter of … The merger between Aphria Inc. (APHA) and Tilray Inc. (TLRY) will complete on May 5, 2021. Post-merger, Tilray is now being run by the senior leadership team that previously ran Aphria. Shares. The business combination was approved by 99.38% of votes cast, which represented roughly 34.43% of Aphria shares. Since the merger between Aphria and Tilray was announced on December 16, 2020, the two stocks have traded apart and resulted in a somewhat bizarre … But the terms of the merger gave 62% ownership in the new entity to Aphria shareholders. On Dec 16, 2020, Tilray and Aphria entered into a definitive agreement to combine their businesses (a.k.a. Tilray (NASDAQ: TLRY) shareholders will vote on the all-stock merger with Aphria (NASDAQ: APHA ) on April 30. ET The C$5 billion (US$4 billion) merger creates the world's largest marijuana production and distribution company. 420 Intel Canada is your leading news source for the Canadian cannabis industry. Analyst Owen Bennet called the pair a "perfect match. Don't miss out! PHOTO BY DAN JANISSE /Windsor Star. Separately on Thursday, Aphria announced that its shareholders approved the merger in a Wednesday vote. Keeping the sizzling momentum going won’t be easy, though. Tilray Bulls Should Chill and Root for Pullbacks Ahead Of Aphria Merger Soon to be own biggest retail cannabis firm, TLRY investors need some patience now By Chris Markoch Apr 12, 2021… December saw Tilray and Aphria announce that they will merge, creating the world’s biggest cannabis company by revenue in the process. According to that draft, the combined company was to take the Tilray company name. If you’re an investor who’s been waiting to make your marijuana move, the end of Aphria (NASDAQ: APHA) stock and emergence of a now-stronger, bigger Tilray … ", "In Canada, a leading portfolio of brands" is supported by "an efficient cost structure. Read More: Aphria and Tilray Join Forces in Cannabis-Infused Mega Merger. View all Motley Fool Services. Tilray’s Merger With Aphria; Tilray’s Merger With Aphria. Under the terms Aphria holders will receive 0.8381 Tilray share for each of their shares. Higher interest rates have hurt growth names. Tilray shares stepped up by roughly 10% on Friday, bolstered by a double upgrade to "buy" from "underperform" at Jefferies, which said the cannabis company entered into a "perfect" merger with Aphria. May. Returns as of 5/11/2021. They'd closed Thursday trading off 11% at $14.15. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry. Tilray to Host Special Meeting of Stockholders on Friday, April 16, 2021 to Approve Proposed Aphria-Tilray Business Combination. Aphria chairman and CEO Irwin Simon takes the helm of the new company which bills itself as “a consumer packaged goods powerhouse” set to usher in “a new era in the global cannabis industry.”, Poised to “transform the industry” — workers are shown on Aug. 1, 2019, inside one of the Leamington operations of Aphria Inc., which now gets a new name, Tilray, following its merger with that fellow Canadian cannabis grower. 0. Leamington’s biggest private employer loses its name on Wednesday but will remain the controlling power behind a blockbuster merger of two Canadian pot giants in what becomes the world’s largest cannabis company. Pin it 0. Aphria shareholders voted 99.38 per cent in favour of the deal earlier this week. Recently, the company closed a merger agreement with Aphria, creating the largest cannabis company by revenue.It seems that Tilray is well-positioned for sustained growth in … Submitted by Marijuana News on Fri, 04/30/2021 - 11:38. At one point earlier this year, Tilray stock skyrocketed more than 670%. The new company’s common shares will begin trading under the ticker symbol TLRY . 2 2021, Updated 8:51 a.m. Advertisement. Aphria’s and Tilray’s share prices have more than doubled year to date. The Tilray-Aphria merger looks intriguing on its face. The bulk of its sales are in Canada and in the international medical cannabis export market. Industry observers earlier billed the merger as being complementary from a business perspective and a positive development for Aphria’s holdings in Leamington, where the new company will retain a “principal office” at a location that employs about 700 workers at two large greenhouse cultivation operations, Aphria 1 and Aphria Diamond. tilray merger : Related News. 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