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Aphria Inc. (NASDAQ:APHA) and The deal would create the largest enterprise in the cannabis industry by revenue. It is estimated that the combined entity will be valued at roughly $3.9 billion, boasting pro-forma yearly sales of $685 million. Benzinga caught up with Aphria CEO and chairman Irwin D. Simon, who will maintain those two positions in the new company, and Tilray CEO Brendan Kennedy, who will serve in the new corporation’s board of directors alongside one other person picked by Tilray, and seven others (including Simon) from Aphria. The Genesis Conversations between Tilray an...

Published Wednesday, December 16, 2020 9:11AM EST Last Updated Wednesday, December 16, 2020 3:36PM EST In the latest sign of the cannabis industry's efforts to streamline its operations and take advantage of what they hope will be a promising U.S. market, two of Canada's most prominent pot companies said Wednesday that they plan to merge. Leamington, Ont.-based Aphria Inc. and Nanaimo-based Tilray Inc. announced they will unite under the Tilray name - a move they say will help them slash costs, control the biggest slice of the Canadian retail market and domin...

December 16, 2020 at 7:39 am Published by NCV Newswire Aphria and Tilray Combine to Create Largest Global Cannabis Company With Pro Forma Revenue of C$874 Million (US$685 Million) Complementary, Scalable Medical and Adult-Use Cannabis Businesses Strengthen Leadership Position in Canada; Expands U.S. and International Reach through World-Class Cultivation, Manufacturing, Diversified Product Portfolio and Distribution Footprint Robust Supply Chain and Operational Efficiencies Expected to Generate Approximately C$100 Million of Pre-Tax Annual Cost Synergies Aphria and Tilray to Host a ...

Tilray Stock Jumps 18% on Aphria Merger John Divine © (PATRICIA DE MELO MOREIRA/AFP via Getty Images) A worker checks cannabis plants in a greenhouse of Tilray medical cannabis producer's European production site in Cantanhede, on April 24, 2018. - The Canadian company Tilray, which aims to become one of the world's leaders in the therapeutic cannabis industry, inaugurated its European production site today in the central Portuguese town of Cantanhede. Stocks finished mixed on Wednesday, but two of the three major U.S. stock market indices ended higher, with the S&P 500 and...

Share: PALM BEACH, Fla., Dec. 14, 2020 /PRNewswire/ -- In recent years, cannabis and products with cannabis components, such as CBD, are one of the "hot topics" in the life sciences industry. Many countries now allow the medical use of cannabis to treat numerous conditions, including chronic pain, cancer, multiple sclerosis, and many others. Additionally, more and more countries have recently allowed the recreational use of cannabis. Finally, hemp (cannabis grown without mind-altering substances), is another burgeoning industry worldwide. Though there are international treaties in place, the ...