Page 51 - Irwin Simon News Today

Reuters Welcome to Insider Cannabis, our weekly newsletter where were bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar global cannabis boom. Happy Friday readers, Cannabis deal mania continued this week, led by the news that Tilray and Aphria are merging in a $4 billion deal. I spoke to Aphria CEO Irwin Simon and Tilray CEO Brendan Kennedy after the announcement. They said that the merger clearly positions the "new...

Author Bio Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead. Less than six weeks after announcing its $300 million acquisition of U.S. craft brewer Sw...

Dive Brief: Whole Earth Brands is buying Wholesome Sweeteners, the top organic sweetener brand in North America, for $180 million, the company said in a statement. Wholesome, which holds a 76% share in the organic granulated sugar segment of the organic and natural channel, is eligible to receive up to $55 million of additional payment through the end of calendar year 2021. Whole Earth, a flavor and ingredients company, said the purchase would expand its presence in the organic sugar market, ...

Canada’s Aphria, Tilray merge to form world’s largest pot firm 273 MONTREAL, Dec 17, 2020 (AFP) – Canadian cannabis companies Aphria and Tilray announced Wednesday they would merge to form the world’s biggest pot producing group based on sales. On share prices at the close on Tuesday, the firm’s stock market value would be roughly Can$5 billion (US$3.9 billion), the companies said in a statement. The all-stock merger comes amid a move to consolidate the relatively new but booming recr...

Link Copied On Dec. 16, Aphria (APHA) and Tilray (TLRY) announced a merger to form the largest cannabis company in the world by revenue. As we said in our earlier note on speculation of the deal, we see a strong strategic rationale for the combined company, which will keep the Tilray name, including the ability to consolidate production in Canada, combine alcohol and CBD businesses in the United States in preparation for potential federal legalization, and the ability to combine efforts in Euro...

Its game on for the Canadian cannabis industry.  Hours after Aphria Inc. and Tilray Inc. formally announced their blockbuster merger that would create a global cannabis powerhouse, some cannabis producer CEOs received a deluge of messages from several Canadian investment bankers wondering if theyd be interested in a deal of their own. "The phone is ringing off the hook," said one cannabis producer CEO who declined to be named given the discussions with the bankers are preliminary.  "You can s...

Tilray Wins, Even Though Aphria Is the Boss Aphria investors will have a larger stake in the combined company post-merger. Canadian cannabis companies Aphria (APHA) and Tilray (TLRY) have announced that the two companies would be merging, making this the largest cannabis company by sales. The combined companys 12-month sales would be C$874 million, which is greater than other industry leaders such as Canopy Growth Corp. (CGC) and Curaleaf Holdings Inc. (CURLF) . While many may think Til...

Canadian pot producers Aphria, Tilray unveil merger plan to create global leader Aphria Inc. of Leamington, Ont., and Nanaimo, B.C.-based Tilray Inc. announced early Wednesday they are merging in an all-stock deal that will create the worlds top pot producer based on sales. Social Sharing CBC News · Posted: Dec 16, 2020 4:04 PM ET | Last Updated: December 16, 2020 Aphrias variant of the popular Sour Kush strain is pictured. Canadian cannabis companies Aphria and Tilray say they are mergin...

Canadian Cannabis Producers Aphria And Tilray In Merger Talks Canadian cannabis producers Aphria (TSX:APHA) and Tilray (NASDAQ:TLRY) are in the advanced stages of a merger negotiation. The merged company is expected to retain the Tilray name and appoint Aphria Chief Executive Officer Irwin Simon as the new company’s leader. Aphria is likely to emerge with a majority of the combined company’s board seats and with its shareholders owning a 60% stake in the merged cannabis company. Tilray CE...

forecasts Aphria, Tilray Will Merge to Become World’s Biggest Cannabis GiantOne of the world’s largest cannabis companies, Aphria will merge its operations with its business rival Tilray Inc, creating the biggest giant in the fast-growing cannabis sector, according to Bloomberg news. Dec 16, 2020 01:01 PM GMT This deal will create a new company with an equity value of about C$4.8 billion ($3.8 billion), according to a statement and interviews with the Tilray and Aphria chief executive offic...