NRx Pharmaceuticals Announces Positive Data Results from ZYESAMI™ (Aviptadil) Expanded Access Protocol prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Financialnewsmedia.com News Commentary PALM BEACH, Fla., May 26, 2021 /PRNewswire/ Cannabis extracts have gained wide recognition in recent years and are expected to provide impetus
In Booming Cannabis Industry, Look for Even More M&A Activity
Cannabis mega-mergers could create industry giants. Weeks after Tilray and Aphria merged, Trulieve Cannabis just announced its plans to acquire Harvest Health & Recreation in a $2.1 billion all-stock deal. Combined they would be one of the largest cannabis companies in the world in terms of sales, notes Barron’s. Coupled with state and potential federal legalization of cannabis could be substantial news for companies like
Allied Corp. (OTCQB:ALID),
Canopy Growth Corporation (NASDAQ:CGC)(TSX:WEED),
Tilray Inc. (NASDAQ:TLRY), and
Charlotte’s Web Holdings Inc. (TSX:CWEB)(OTCQX:CWBHF).
May 6, 2021 08:56 pm
By Chloe Aiello
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On the back of a megamerger with Aphria, the new Tilray is well-positioned to take advantage of global opportunities in cannabis, according to CEO Irwin Simon.
“Tilray today has a footprint all around the world,” said Simon, who previously led Aphria. “We are participating in a $100 billion category with tremendous growth opportunities around our brands and the categories that we participate in.”
The transaction closed Monday after shareholders approved the megamerger, and shares of the Tilray newly combined with pot producer Aphria kicked off trading on the Toronto Stock Exchange Wednesday under the ticker “TLRY.” They continue to trade on the Nasdaq Global Select Exchange, where the pot producer closed down more than 11 percent on Thursday.
Tilray (TLRY) & Aphria (APHA) Announce Closing of Transaction That Creates the New Tilray – a Global Cannabis Leader streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.