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The Daily Chase: Aphria and Tilray confirm deal; Macklem warns on rising loonie
Aphria and Tilray have confirmed the deal that BNN Bloomberg’s David George-Cosh reported was in the works yesterday afternoon. And the details are pretty much bang in line with what Dave’s reported: the combined company will be called Tilray, Aphria will be in control (with Irwin Simon leading the combined company, and Aphria shareholders owning almost two-thirds of the company), and $100 million in annual costs savings are envisioned. We’ll go in depth on the rationale for the deal, how the new Tilray will be positioned on the global stage, and what the chain reaction could be for the pot industry. ....

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