Page 52 - Irwin Simon News Today

Author Bio Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles. Two notable names in the cannabis industry might be combining their businesses. According to a report published after market hours Tuesday by Bloom...

Canadas Aphria, Tilray Merge To Form Worlds Largest Pot Firm 12/16/20 AT 4:05 PM Canadian cannabis companies Aphria and Tilray announced Wednesday they would merge to form the worlds biggest pot producing group based on sales. On share prices at the close on Tuesday, the firms 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 recreational cannabis sector in C...

Aphria-Tilray merger is a bet on cannabis lifestyle future Tara Lachapelle, Bloomberg News VIDEO SIGN OUT Canadian cannabis producers — already enticed by the larger U.S. consumer market — see the incoming Biden administration bringing the nation that much closer to legalizing the substance. Against this backdrop comes the news that Aphria Inc., a Leamington, Ontario-based marijuana company, is acquiring Delaware incorporated Tilray Inc., creating a bigger player in a growin...

Article content A new giant in the fast-growing cannabis industry will be created after Tilray Inc. and Aphria Inc. agreed to combine their operations. The all-stock deal, which puts together two of the industry’s best known names, will create a new entity with an equity value of about $4.8 billion (US$3.8 billion), according to a statement and interviews with the Tilray and Aphria chief executive officers. The enlarged group’s 12-month annual sales of $874 million surpasses that of industr...

Author Bio Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fools Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com. With a background as an estate-planning attorney and independent financial consultant, Dans articles are based on more than 20 years of experience from all angles of the financial world. Follow @DanCaplinger The Nasdaq Composite (NASDAQINDEX...

The Daily Chase: Aphria and Tilray confirm deal; Macklem warns on rising loonie Aphria and Tilray have confirmed the deal that BNN Bloomberg’s David George-Cosh reported was in the works yesterday afternoon. And the details are pretty much bang in line with what Dave’s reported: the combined company will be called Tilray, Aphria will be in control (with Irwin Simon leading the combined company, and Aphria shareholders owning almost two-thirds of the company), and $100 million in annua...

Share: Aphria Inc. (NASDAQ: APHA) and Tilray Inc. (NASDAQ: TLRY), will merge. The new company will keep the Tilray name, continue to trade on NASDAQ under the ticker symbol “TLRY” and will have Aphria’s current CEO, Irwin Simon, at the helm as Chief Executive Officer. The board of directors of the merged company will count nine members, seven from Aphria, and two from Tilray; what’s more Aphria will be the majority stakeholder. Why Its Important The merger would create the world’s b...

Aphria and Tilray to merge, will use Tilray name moving forward The companies said the deal will give them a pro forma revenue of $874 million and see the new Tilray control more than 17 per cent of the retail cannabis market December 16, 2020   Two of Canada’s most prominent cannabis companies are combining in a blockbuster deal that will see the pair become the world’s largest pot firm based on revenue and control the largest share of the country’s retail market. Leamington, Ont.-ba...

Tilray CEO Kennedy poses outside a hothouse at Tilray cannabis factory in Cantanhede. Tilray Chief Executive Brendan Kennedy poses outside a hothouse at the Tilray cannabis factory in Cantanhede, Portugal April 24, 2019 This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Canadian cannabis producers Tilray and Aphria are merging in a deal that would give ...

Author Bio Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles. A blockbuster merger in the cannabis industry was announced Wednesday morning. Canadian peers Aphria (NASDAQ:APHA) are combining to make the world...