Tilray Inc. (NASDAQ:TLRY) after its shareholders approved the arrangement at a special meeting. The special resolution approving the arrangement had to be endorsed by a minimum of two-thirds (66.6%) of the votes cast at the meeting. The merger got a 99.38% approval rate. The Deal Under the agreement, Aphria shareholders will obtain 0.8381 of a Tilray class 2 share for each Aphria share owned. Tilray shareholders keep their Tilray shares with no changes in ratios. The merger was first announced back in December, when it was projected it would form the world’s largest company based on pro forma revenue. The deal was also praised by Cantor Fitzgerald’s analyst Pablo Zuanic, who said that it “makes sense” and that the Canadian cannabis sectors could use consolidation moves to help its oversupply issues.