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Tilray, Aphria Close Merger, Create The 'New' Tilray


Tilray, Inc. (NASDAQ: TLRY) and
Aphria, Inc. (NASDAQ:APHA) have merged after months of negotiations, creating a company with a combined market cap of $3.3 billion.
The two Canadian cannabis giants had been in talks since December with Aphria’s current CEO Irwin Simon to create a new enterprise.  
In April, Aphria shareholders finally voted in favor of the merger. Tilray shareholders followed suit and approved the transaction on Friday.
The Merger Deal: Under the deal, each Aphria shareholder received 0.8381 of a Tilray share for each Aphria common share held on April 30.
The resulting company, which is expected to generate roughly $81 million in annual pre-tax cost synergies within the next eighteen months, kept the Tilray name and will continue to trade on Nasdaq Global Select Exchange under the ticker symbol TLRY. ....

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Tilray, Aphria Close Merger, Create The 'New' Tirlay


Tilray, Inc. (NASDAQ: TLRY) and
Aphria, Inc. (NASDAQ:APHA) have merged after months of negotiations, creating a company with a combined market cap of $3.3 billion.
The two Canadian cannabis giants had been in talks since December with Aphria’s current CEO Irwin Simon to create a new enterprise.  
In April, Aphria shareholders finally voted in favor of the merger. Tilray shareholders followed suit and approved the transaction on Friday.
The Merger Deal: Under the deal, each Aphria shareholder received 0.8381 of a Tilray share for each Aphria common share held on April 30.
The resulting company, which is expected to generate roughly $81 million in annual pre-tax cost synergies within the next eighteen months, kept the Tilray name and will continue to trade on Nasdaq Global Select Exchange under the ticker symbol TLRY. ....

United States , Freddy Bensch , Irwin Simon , Irwind Simon , David Hopkinson , Tilrayy Aphria , Lloyd Brathwaite , Dara Redler , Brendan Kennedy , David Clanachan , Jared Simon , Rita Seguin , Carl Merton , El Planteo , Tom Looney , Johnm Herhalt , Denise Faltischek , Berrin Noorata , Renah Persofsky , Jim Meiers , Walter Robb , Tilray Inc , Toronto Stock Exchange , Nasdaq Global Select Exchange , Aphria Inc , European Union Good Manufacturing Practice ,