Aphria (NASDAQ:APHA) and
Tilray (NASDAQ:TLRY). Benzinga spoke with Aphria CEO and chairman
Irwin D. Simon, who will maintain those two positions in the new company, and Tilray CEO
Brendan Kennedy, who will serve in the new corporation’s board of directors. The executives shared details on how the deal came to be, and their expectations for the future, which, they say, doesn’t include massive layoffs.
Cantor Fitzgerald’s analyst Pablo Zuanic praised the merger. The Canadian cannabis sector is in need of consolidation due to the oversupply problems and “historically low flower retail prices,” he explained.
Green Market Report CEO Debra Borchardt told Benzinga the Aphria/Tilray merger “was certainly a good deal for Tilray shareholders, while the Aphria shareholders will probably have to wait a bit before they see the benefits of this deal. The combined company will definitely be a powerhouse of revenue, there is no question about that.”
Ayr Strategies Inc. (CSE: AYR.A) (OTCQX: AYRWF) has signed a definitive merger agreement with the management company of Parma Wellness Center LLC in a deal worth $17 million in cash.
The agreement requires authorization from the Ohio Department of Commerce.
The multi-state cannabis. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
Ayr Strategies Moves to Definitive Merger Agreement with Parma Wellness Center, LLC - Press Release digitaljournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitaljournal.com Daily Mail and Mail on Sunday newspapers.
Ayr Strategies Inc. (CSE: AYR.A) (OTCQX: AYRWF) has signed a definitive merger agreement with the management company of Parma Wellness Center LLC in a deal worth $17 million in cash.
The agreement requires authorization from the Ohio Department of Commerce.
The multi-state cannabis. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
Ayr Strategies Inc. (CSE: AYR.A) (OTCQX: AYRWF) has signed a definitive merger agreement with the management company of Parma Wellness Center LLC in a deal worth $17 million in cash.
The agreement requires authorization from the Ohio Department of Commerce.
The multi-state cannabis. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: