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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STRATHROY, Ontario, April 30, 2021 (GLOBE NEWSWIRE) Eve & Co Incorporated (the “Company” or “Eve & Co”) (TSX-V: EVE; OTCQX: EEVVF) is pleased to announce its financial results for the year ended December 31, 2020. The financial statements and management discussion and analysis for such period are available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com and on Eve & Co’s website at www.evecannabis.ca.
HIGHLIGHTS
The Company is pleased to provide the following highlights of its progress over the year ended December 31, 2020 and subsequent events:
The Company recognized gross sales of cannabis to the adult-use and wholesale markets of $3.8 million;
Eve & Co Announces Financial Results for the Year Ended December 31, 2020
April 30, 2021 17:54 ET | Source: Eve & Co Incorporated Eve & Co Incorporated Strathroy, Ontario, CANADA
STRATHROY, Ontario, April 30, 2021 (GLOBE NEWSWIRE) Eve & Co Incorporated (the “Company” or “Eve & Co”) (TSX-V: EVE; OTCQX: EEVVF) is pleased to announce its financial results for the year ended December 31, 2020. The financial statements and management discussion and analysis for such period are available on the System for Electronic Document Analysis and Retrieval ( SEDAR ) at www.sedar.com and on Eve & Co s website at www.evecannabis.ca.
HIGHLIGHTS
The Company is pleased to provide the following highlights of its progress over the year ended December 31, 2020 and subsequent events:
European Union Good Manufacturing Practice (EU-GMP) certification audits of cannabis facilities in Canada and elsewhere have been temporarily paused due to the global COVID-19 crisis, reports Marijuana Business Daily.
This means that those medical cannabis manufacturers that haven’t obtained. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: