Aphria shares plunge 14 per cent days before Tilray merger v

Aphria shares plunge 14 per cent days before Tilray merger vote


The Globe and Mail
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Falling cannabis prices and economic shutdowns are hitting Aphria Inc. hard, with Canada’s largest cannabis producer reporting a $68-million operating loss days before shareholders vote on a major merger with rival Tilray Inc.
Early this year, Aphria’s stock had skyrocketed as retail investors rushed back into the cannabis sector. From Jan. 1 to early February, its shares soared 280 per cent, and the appreciation sent Aphria’s share-based compensation 600 per cent higher in the third quarter of 2021.

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