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Tilray Tilray and Aphria closed a $4 billion mega-merger last week. The vote was delayed because the companies struggled to get retail shareholders to show up and vote. Tilray s CEO Irwin Simon said it s a new challenge for M&A in cannabis and other industries. Irwin Simon knows a thing or two about putting together deals. As the founder and CEO of Hain Celestial from 1993 to 2018, he pursued 55 acquisitions as he built up the health foods and supplements company, gaining a reputation on Wall Street as an expert dealmaker. After leaving Hain Celestial in 2018, Simon joined the board of Canadian cannabis company Aphria. He took over as CEO in March 2019, then helped engineer a merger with rival Canadian cannabis giant Tilray, which closed this month. ....
Aphria-Tilray deal: Tilray delays vote on tie-up with Aphria yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer 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. ....
Aphria says it lost $47.9 million or 15 cents per share for the quarter compared with an adjusted loss of $9.8 million or four cents per share in the same quarter last year ....
Proposed Aphria-Tilray merger wins support of two proxy advisory firms theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.