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Aphria, Tilray merging to create world's biggest cannabis company

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...
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Aphria and Tilray to Merge In $4 Billion All-Stock Pot Deal

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 value of nearly $4 billion. Author: Original: TLRY) - Get Report, two giants in the cannabis industry, on Wednesday revealed plans to join forces in an all-stock deal that will create the world’s biggest marijuana production and distribution company. Under terms of the agreement, Aphria shareholders ...
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Aphria, Tilray Announce Deal to Create Biggest Cannabis Company

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...
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Source: msn.com

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