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The Week In Cannabis: Tilray-Aphria Merge, Aurora Continues Layoffs, Financings, Earnings, M&A

The Week In Cannabis: Tilray-Aphria Merge, Aurora Continues Layoffs, Financings, Earnings, M&A
Benzinga
12/18/2020
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 ï¬ower retail prices,” he explained. ....

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Avicanna Expands Into Ecuador, Exports First Seeds To Uruguay

Avicanna (TSX:AVCN) (OTCQX:AVCNF) announced Thursday a series of moves in its Latin American expansion effort.
The Canadian company, which has a strong presence in Colombia, entered an agreement with Alliancepharma Technologies to import and distribute its pharmaceutical cannabinoid-based products into Ecuador.
Separately, the company inked an agreement with Spenta, an Ecuadorian cosmetic distributor, for the distribution of its derma-cosmetic product line under the brand Pura Earth.
Avicanna also announced the completion of its first export of cannabis seeds to Uruguay, on behalf of its majority-owned subsidiary, Santa Marta Golden Hemp, a cannabis cultivator with facilities in Colombia, via a strategic alliance with Uruguayan company Cannabhanga. ....

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