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Aphria, Tilray Combine to Create Biggest Cannabis Company 980waav.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 980waav.com Daily Mail and Mail on Sunday newspapers.
Article content A new giant in the fast-growing cannabis industry will be created after Tilray Inc. and Aphria Inc. agreed to combine their operations. The all-stock deal, which puts together two of the industry’s best known names, will create a new entity with an equity value of about $4.8 billion (US$3.8 billion), according to a statement and interviews with the Tilray and Aphria chief executive officers. The enlarged group’s 12-month annual sales of $874 million surpasses that of industry leaders such as Curaleaf Holdings Inc. and Canopy Growth Corp. We apologize, but this video has failed to load. Try refreshing your browser, or ....
Aphria and Tilray to Merge In $4 Billion All-Stock Pot Deal Aphria and Tilray agree to join forces, creating the worldâs biggest marijuana production and distribution company with a combined value of nearly $4 billion. Author: Original: TLRY) - Get Report, two giants in the cannabis industry, on Wednesday revealed plans to join forces in an all-stock deal that will create the world’s biggest marijuana production and distribution company. Under terms of the agreement, Aphria shareholders will receive 0.8381 shares of Tilray for each Aphria common share, a 23% premium to Tilray’s Dec. 15 closing price of $7.87. The all-stock deal that will create a new powerhouse in the pot industry, with an equity value of about C$4.8 billion ($3.8 billion). ....
Aphria, Tilray Combine to Create Biggest Cannabis Company Bloomberg 12/16/2020 Tiffany Kary (Bloomberg) Tilray Inc. and Aphria Inc. agreed to combine their operations, forming a new giant in the fast-growing cannabis industry. Popular Searches The all-stock deal, which puts together two of the market’s best known names, will create an entity with an equity value of about C$4.8 billion ($3.8 billion), according to a statement and interviews late Tuesday with Tilray and Aphria leaders. The combined group’s 12-month sales of C$874 million surpasses that of industry leaders such as Curaleaf Holdings Inc. and Canopy Growth Corp. The new company will keep Tilray’s name and trade under its ticker on the Nasdaq, and Aphria shareholders will own 62% of Tilray’s stock under the terms of the transaction, which was characterized as a “reverse acquisition of Tilray.” Ontario-based Aphria will pay a 23% premium to Tilray’s Dec. 15 c ....