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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.