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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sufficient evidence of abuse of power, violating the emoluments clause. spell it out, since nobody has reached a conclusion. let me make a distinction. people confuse evidence with proof. there is an abundance of evidence that the trump campaign, for instance, cooperated with the russians in the middle of the 2016 election. is there proof? not yet. maybe. but there is plenty of evidence. abuse of power. just the other day a report that the president was trying to use his office to kill a proposed merger deal with time warner and at&t because to get at cnn. he favored a merger deal to help his friend rupert murdock. that s evidence of abuse of power. we need to look into it. i don t think now there is a way to get 218 votes on the floor of the house for an impeachment resolution. i think that s not a matter of whether, but it is a matter of