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.-based Aphria Inc. and Nanaimo-based Tilray Inc. said on Dec. 16 that they will merge under the Tilray name — a move they say will help them unlock $100 million in savings and position them to dominate in the Canadian and U.S. markets.