Page 53 - Irwin Simon News Today

Author Bio George Budwell has been writing about healthcare and biotechnology companies at the Motley Fool since 2013. His primary interests are novel small molecule drugs, next generation vaccines, and cell therapies. Follow @BudwellGeorge What happened Aphria (NASDAQ:APHA) jumped by as much as 15%, while fellow cannabis giant Tilray (NASDAQ:TLRY) saw its stock rise by a handsome 26%.  The spark? Aphria and Tilray are both up by double-digits this morning ...

Market movers: Stocks that saw action on Wednesday - and why Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer A roundup of some of the North American equities making moves in both directions today On the rise Aphria Inc. (APHA-T) and rival Tilray Inc. (TLRY-Q) rose in the wake of announcing their...

Chief Executive Irwin Simon of Aphria will head the new company. The reverse merger will give Aphria shareholders 0.8381 shares of Tilray Inc. Aphria Inc. (TSE: APHA) announced a reverse merger with its competitor, Tilray Inc. (NASDAQ: TLRY) on Wednesday – a move that will establish the largest cannabis producer in terms of sales. The Canadian company also said that the merger will help it expand its footprint in the U.S. market. Tilray shares were reported about 30% up in premarket trading o...

Stock Market Today With Jim Cramer: Buy Canopy Growth Jim Cramer discusses the latest stock market news including the merger of cannabis giants Aphria and Tilray, Wishs stock market debut and the stimulus deal. Author: Dec 16, 2020 2:35 PM EST Stocks traded mixed Wednesday on confidence that lawmakers in Washington were closer to reaching a stimulus agreement. Wall Street also awaited the latest policy decision from the Federal Reserve. TheStreets Katherine Ross discussed breaking news in the s...

Tilray Stock: TLRY and Aphria Stock Soar on Cannabis Merger News InvestorPlace 12/16/2020 Cannabis shares are smokin’ this morning on the news that Canadian pot producers Tilray (NASDAQ: Aphria (NASDAQ: APHA) will merge in an all-stock deal to create an entity with an equity value of 4.8 billion CAD ($3.8 billion), Bloomberg reported, citing a statement and interviews with the companies’ CEOs. © Provided by InvestorPlace Marijuana plants growing in a greenhouse. The new company woul...

Tilray stock soars after reverse merger deal with Aphria, to create largest global cannabis company Last Updated: Dec. 16, 2020 at 3:04 p.m. ET First Published: Dec. 16, 2020 at 9:13 a.m. ET By AFP via Getty Images Shares of Tilray Inc. soared Wednesday, after the company announced an agreement to merge with Aphria Inc., in a deal that is expected to create the world’s largest cannabis company by revenue, and with a combined equity value of about $3.9 billion. Under ...

By Reuters Staff 2 Min Read (Reuters) -Canadian pot producer Aphria Inc said on Wednesday it will merge with rival Tilray Inc, creating the world’s largest cannabis producer by sales and giving it a foothold in the fast-growing U.S. market. Like several of the North American producers to emerge in recent years, Aphria and Tilray have struggled to fulfil the expectations created by Canada’s move to legalize cannabis use fully last year. Joe Biden’s win in the U.S. presidential election and...

Tilray shares surge 25% on merger with Aphria to create worlds largest cannabis company Zack Guzman Tilray shares surged more than 25% in pre-market trading Wednesday on the announcement of a merger with Canadian cannabis peer Aphria to create the world’s largest cannabis company by revenue. Popular Searches The stock-for-stock combination will maintain the Tilray (TLRY) branding and ticker in a reverse merger that will swap shares at a 23% premium to where Tilray shares close...

Aphria, Tilray Combine to Create Biggest Cannabis Company Bloomberg 12/16/2020 Tiffany Kary (Bloomberg) -- Tilray Inc. and Aphria Inc. agreed to combine their operations, forming a new giant in the fast-growing cannabis industry. Popular Searches The all-stock deal, which puts together two of the market’s best known names, will create an entity with an equity value of about C$4.8 billion ($3.8 billion), according to a statement and interviews late Tuesday with Tilray and Aph...

Winnipeg Free Press By: Tara Deschamps, The Canadian Press Posted: Last Modified: 2:33 PM CST Wednesday, Dec. 16, 2020 In the latest sign of the cannabis industrys efforts to streamline its operations and take advantage of what they hope will be a promising U.S. market, two of Canadas most prominent pot companies said Wednesday that they plan to merge. Cannabis plants are seen at a faci...