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Kartoon Studios Continues Execution of Growth Strategy With

Kartoon Studios Continues Execution of Growth Strategy With
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Does 1+1=3 for This Merger Between Two Cannabis Heavyweights?

Published: Dec 30, 2020 at 6:56AM
On Dec. 16,
Tilray (NASDAQ:TLRY) announced plans to merge in an all stock transaction that would create a company with pro forma combined revenues of almost $685 million, pushing past the sector s current leader,
The specifics of the deal are as follows: Current Aphria shareholders will receive .8381 shares of the new entity (to operate under the Tilray name and current ticker symbol) for each Aphria common share, while Tilray shareholders will retain all their current share holdings. Post-merger, Aphria shareholders will control 62% of the combined company, with Tilray shareholders holding the remaining 38%.
This transaction will produce a current market capitalization for the new Tilray around $3.2 billion, placing it second among exchange-traded cannabis companies after industry leader ....

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Tilray and Aphria to Combine in Stock-Based Merger

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 Conference Call and Webcast at 8:30 a.m. Eastern Time
LEAMINGTON, Ontario & NANAIMO, British Columbia-December 16, 2020-(BUSINESS WIRE)–Aphria Inc. (“Aphria”) (TSX: APHA and Nasdaq: APHA), a leading global cannabis company inspiring and empowering the worldwide community to live their very best life, and Tilray, Inc. (“Tilray”) (Nasdaq: TLRY), a global pioneer ....

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