That admittedly is cheap by cannabis standards. Ciara Linnane is MarketWatch's investing- and corporate-news editor. Some investors might want to wait to see if the merger goes through. In the middle of February, APHA stock was trading at around 0.41x what TLRY was trading at. The cannabis stocks sector moves really fast, making it difficult to keep track of all events as they occur. Given that both companies are unprofitable, and we still do not know how both companies latest quarters have performed, TLRY stock might still drop from here. There will also be significant. Essentially Aphria is acquiring Tilray because after the smoke clears and all the shares are exchanged, it's an all-stock transaction. Unfortunately, at this point in the growth of Canadian cannabis, its pretty much impossible to take managements word for it (even though I do respect Aphria head Irwin Simon). This is why Aphria's merger with Tilray is so critical. Why is it delayed and has it been confirmed? Is the merger a done deal? Learn More. Related News:good natured Products Revenue Increases 65% In FY2020The Green Organic Dutchman Gives Update On OperationsAphria Shareholders Approve Tilray Merger. There's a lot of benefits to combining. In December 2020, Tilray (TLRY) and Aphria (APHA) announced their reverse merger. Copyright 2023 Market Realist. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Locked in or trapped? Copyright 2023 Market Realist. This merger between these two cannabis firms will see Tilray become the biggest player in the sector globally. Using pro forma Adjusted EBITDA, even accounting for the cost savings, the combined companys multiple sits over 50x. The combined U.S. operations will focus on Sweetwater and Manitoba Harvest, which makes branded hemp and CBD products. Copy and paste multiple symbols separated by spaces. Tilray has delayed the merger vote with Aphria. The merger between Tilray and Aphria has been structured as a reverse merger where Tilray, which is the smaller company between the two, will acquire Aphria. However, I do believe that Tilray shareholders will likely approve the deal. According to executives from both Aphria and Tilray, the merger is targeted at cost savings and creating synergy. In a research note, Bottomley told investorsthat while he believesthe companys3Q "signals a number of red flags" that could impact most cannabis operators, he is downgrading Aphriaas the stockis trading at 97% of the impliedtransactionprice with Tilray. Type a symbol or company name. However, since then, both TLRY and APHA have fallen sharply amid the sell-off in marijuana stocks. Cardina: Can you tell us what investors need to know? Aphria shares closed down 0.5% and are also up 122% year-to-date. To mark the new phase of its existence, Tilray has also changed its corporate logo. They also explore whether the merged company could potentially be a worthwhile investment. In an all-stock deal agreed to last December, each Aphria share held as of April 30 was swapped for 0.8381 of a Tilray share. 1125 N. Charles St, Baltimore, MD 21201. Also, there are financial synergies involved. Marijuana stocks have been very volatile over the last few months. Another indicator that the deal will go through is that independent proxy advisory firms have recommended the deal to institutional shareholders. Tilray Inc. TLRY, -4.35% shareholders voted to approve the Canadian cannabis company's proposed merger with Aphria Inc. apha ca:apha at a special meeting on Friday, according to media reports . Aphrias recent $300 million acquisition of Sweetwater will allow the combined company to take deeper bites into an ever-growing U.S. market. You must be 21 years or older to view and purchase products featured on this site. Investors in marijuana stocks will also see this as a positive sign for the industry. 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's shareholders have already voted and approved the merger on April 15. have merged after months of negotiations, creating a company with a combined market cap of $3.3 billion. All Rights Reserved. Aphria CEO Irwin D. Simon would lead the new company in a dual role as CEO and chairman, while Tilray CEO Brendan Kennedy would be a director on the board. Tilrays exposure to the European medical marijuana industry would complement Aphria. For a moment, there was a merger-related case for APHA stock regardless. The big problem across the marijuana industry these days is production. That business has gross margins of just 13% and not all of the revenue comes from cannabis. It would also see the new company instantly offer real competition to established players like Canopy Growth and Aurora Cannabis both in North America and globally. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. A deviation in stock prices can lead to merger arbitrage. Simply click here to get the full story now. The spread has since narrowed to less than 2%. quotes delayed at least 15 minutes, all others at least 20 minutes. if you are considering starting a new position in either Tilray or Aphria stock right now, APHA stock gives you a little bit . Even with a sharp pullback of late, APHA has nearly quadrupled from where it sat in early March of last year. Were a community for all things stoner from entertainment to guides and smoking accessories, we honor the green goddess. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Meanwhile, some of the claims being made about the merger arent quite on point. On the date of publication, Vince Martin did not have (either directly or indirectly) any positions in the securities mentioned in this article. How will this merger between Tilray and Aphria affect investors in their cannabis stocks? Tilray Has 64% Upside After "Perfect Match" Merger, Analyst Says, The IRS Is Urging Millions of Early Filers to Amend Their Tax Return, 1 Warren Buffett Index Fund Could Turn $100 Per Week into $1 Million, 2 Stocks That Could Join Apple, Microsoft, Amazon, and Alphabet in the $1 Trillion Club, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Volkman: Yeah. Aphria has agreed to acquire U.S. craft beer company Sweetwater Brewing, which makes cannabis-infused beverages, and Tilray is a partner of Anheuser-Busch InBev. In the all-stock merger, Aphria shareholders will receive 0.8381 shares of TLRY stock for each share of APHA they own. Article printed from InvestorPlace Media, https://investorplace.com/2021/04/tlry-stock-will-likely-fall-once-the-aphria-merger-is-approved-on-april-30/. But Aurora Cannabis (NYSE:ACB) is cheaper on that basis and, again, not all of Aphrias revenue is created equal. Whats the TLRY-APHA merger date? Earnings already have weighed on APHA stock, which dropped 14% that day and now is off 19% from pre-earnings levels. Canadian operators desperately need consolidation amid an ongoing supply glut. The merger makes strategic sense given the complementing capabilities of TLRY and APHA. Against pro forma revenue of $693 million, what will be Tilray looks cheap by sector standards. After all, there is always the possibility that it could fall through. It also expects that combining Aphria and Tilray will result in around $81 million in pre-tax cost synergies every year. They might be waiting for some kind of pop in the stock. Regardless, the merger should save a lot of money. Both stocks beat the rise of the S&P 500 on Tuesday, with Tilray closing 6.8% higher and Aphria rising by almost 3.1%. For Aphria and Tilray, the deal positions the companies to take advantage of potential U.S. federal legalization as well as the prospect of more legalization in Europe. The combined company is expected to have a strong, flexible balance sheet, cash balance and access to capital giving it the ability to accelerate growth and deliver attractive returns for stockholders, the companies said. Written by A driver spent $180,000 to start an Uber Black business. Growth looks tepid. Ive long been a skeptic toward Tilray, whose growth and revenue base hardly stand out among Canadian players. Aphria (APHA) and Tilray (NASDAQ:TLRY) are merging.Combined, the two companies are likely to save money - the main focus of the press releases - but it will take some time until those savings . 2023 InvestorPlace Media, LLC. The news comes one business day after shareholders of the previous version of Tilray voted in favor of the deal. Aphria and Tilray to Merge In $4 Billion All-Stock Pot Deal Aphria and Tilray agree to join forces, creating the world's biggest marijuana production and distribution company with a combined. Reddit group WallStreetBets also pumped up some marijuana stocks. Your access is restricted because of your age. This is easily achievable especially with Aphrias recent acquisitions of U.S. craft beer company Sweetwater Brewing. As I noted previously, as a standalone company, APHA looks better placed compared to TLRY given its better financials and lower comparative valuation. A worker smiles as she shows cannabis plants at the Tilray factory in Cantanhede, Portugal April . The deal is expected to close in the second quarter. Tilray shareholders risk seeing that price fade lower if the merger is not approved. 7 Sorry Pharma Stocks to Sell in April Before Its Too Late, Louis Navellier and the InvestorPlace Research Staff, 5 Penny Stocks With Explosive 5X Potential, Another Rare Bullish Indicator Flashed Last Week, 7 Stocks to Sell in April Before They Crash and Burn, Mullen Files to Resell Up to 2.1 Billion Shares of MULN Stock. But in April 2021, Im far less optimistic. Last week, Aphria stockholders approved the deal overwhelmingly. On December 16th, Aphria (TSX: APHA) (NASDAQ: APHA) and Tilray (NASDAQ: TLRY) announced a pending stock-based merger. The Tilray and Aphria merger has received regulatory approvals and APHA stockholders have also confirmed the merger. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. The new company will trade under Tilrays ticker on the Nasdaq, and Aphria shareholders will own 62% of Tilrays stock under the terms of the transaction, which was characterized as a reverse acquisition of Tilray, the companies said. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Read on to find out. Cost basis and return based on previous market day close. Tilray ( TLRY) - Get Free Report and Aphria ( APHA) - Get Free Report said Monday they had completed their merger, creating the world's largest cannabis company by revenue . What's Next for Tilray Now That Its Merger With Aphria Is Complete? Tilray would acquire Aphria and the new entity would trade under the "TLRY . Probably tells you something about Aphria too. The steep fall in TLRY stock from the peaks ensured that the arbitrage evaporated. Then the company deactivated his account. TIlray, however, is postponing its shareholder vote to April 30 (should have been tomorrow). Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The U.S. cannabis landscape continues to grow as more states open up for business. Personally, Id rather see Aphria go it alone or look to the unnamed company that too approached Aphria about a merger last year. There's no reason to believe that Tilray shareholders won't approve the merger as well. TLRY stock was at $7.87 on Dec. 15, the day before the merger announcement. As for APHA stockholders, they will get 0.8381 Tilray shares for each Aphria share that they hold. We appreciate their support, as we believe the business combination will create a Combined Company with a strong financial profile, low-cost production, market share leading brands, distribution network and uniquepartnerships. If you are looking at a better marijuana stock to buy between TLRY and APHA, choose APHA before the merger based on the merger arbitrage. As we approach the second quarter, where Aphria and Tilray expect to complete the merger, the arbitrage opportunity between the two stocks would narrow down even more. Cannabis legalization is sweeping over North America 15states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018. Balsky is bullish on the business and expects progress from the government to legalize marijuana at the federal level. First of all, economies of scale. Simonsaid, "I want to thank all Aphria Shareholders for voting and approving the Arrangement. The Motley Fool has no position in any of the stocks mentioned. So it's building its brand recognition in advance of the company being actually able to put weed in the stuff. They have lots of growing assets, they are active in every consumable product category including the so-called Cannabis 2.0 products in Canada which are derivatives like extracts, there's also beverages, marijuana-infused beverages. 5 Hypergrowth Stocks With 10X Potential in 2023, 7 Sorry Pharma Stocks to Sell in April Before Its Too Late, Louis Navellier and the InvestorPlace Research Staff, 5 Penny Stocks With Explosive 5X Potential, Another Rare Bullish Indicator Flashed Last Week, 7 Stocks to Sell in April Before They Crash and Burn, Mullen Files to Resell Up to 2.1 Billion Shares of MULN Stock. Mar. Aphria shareholders will also own 68% of the new . Last week, BofA Securities analyst Heather Balsky initiated coverage of the stock with a Buy rating and a $23.00 price target (26.2% upside potential). Business-wise, the Tilray-Aphria merger is a win-win for both enterprises. Tilray's merger with Aphria, announced in December and set to close in Q2, will create the largest cannabis company. Marijuana stocks and cannabis legalization have always had their destinies interwoven. Tilray will hold a meeting of shareholders to vote on the reverse takeover by Aphria onApril 30. Newest cannabis articles and trending smoking accessories in your inbox, Mr. Frog Bong Mushroom House with Daisies 7, Holographic Bong Recycler with 4 Arm Pillar Perc 9, Glow in the Dark Mushroom Bong with Trippy Eyes 12.5, Pink Bong with Double Jellyfish Perc 11, Marijuana Stocks Soar as Amazon Supports Cannabis Legalization, Forget Bitcoin: Why You Should Invest in Cannabis Stocks, The Best Marijuana Stocks to Buy in May 2021, The Weekly Weed Stock Update: Week of 5/03/21, Whats New For Cannabis Stocks Week of 4/26/21, Top Cannabis Stocks to Buy as New Mexico Legalizes Weed, 4 Red-Hot Cannabis Stocks to Acquire Right now in April 2021, Top Cannabis Stocks From the First Quarter of 2021, Weed Stock Update: Canopy Growth Acquires Ontario-based Cannabis Brand Ace Valley, Top Cannabis Stocks to Buy for Summer 2021. However, there has been a sell-off since then. Looking at the ratio, APHA's stock price was 0.734x of TLRYs stock price. Marijuana stocks surge as NY Governor says state legalization is close. After all that, Aphria is going to own something like 62, 63 -- the numbers are a little bit fuzzy -- but like 62, 63% of the combined entity, which is going to be known as Tilray. Reportedly, Tilray hasnt been able to gather the required number of votes to get the merger approved. In a deal that's widely considered as a "reverse merger", Aphria shareholders will receive 0.8381 Tilray shares for each APHA stock that they currently own. After Tilray's ( TLRY) shareholders voted in favor of the proposed merger Aphria ( APHA) last Friday, the two cannabis companies announced today the completion of the transaction. Tilray surges 27% after $4 billion merger with Aphria creates the world's biggest cannabis company. Tilray shares closed Friday down 1.78%, but have gained 122% in the year to date. Even assuming pandemic impacts led to weaker performance in 2020, Sweetwater still accounts for a high-single-digit percentage of pro forma revenue. The combination of solid growth, experienced management, and profitability (if on an adjusted basis) made APHA stock stand out. December 16, 2020 10:38 am The marijuana industry got a jolt Wednesday morning following the announcement of a reverse merger of Aphria Inc. ( NASDAQ: APHA) and Tilray Inc. ( NASDAQ: TLRY). Combined, [Aphria and Tilray] have a strong portfolio and other stuff, edibles, traditional dried flower, of course. Offers may be subject to change without notice. However, the arbitrage opportunity has since come down greatly. Since the merger between Aphria ( APHA) and Tilray ( TLRY) was announced on December 16, 2020, the two stocks have traded apart and resulted in a somewhat bizarre situation. The weed stock industry continues to shape up positively as newly legalized states open up more expansion opportunities. Ive been a fan of Aphria (NASDAQ:APHA) stock in the past. Marijuana stocks experienced a surge in price on Monday after Governor Andrew Cuomo confirmed that his state was very close to lega STONERS ROTATION 2023 | A VESSEL CREATIVE COMPANY. That equals 632 million in losses (U.S. $505 million). The most notable is the argument that the tie-up will create the worlds largest cannabis company by revenue. (See Aphriastock analysis on TipRanks). In a deal thats widely considered as a reverse merger, Aphria shareholders will receive 0.8381 Tilray shares for each APHA stock that they currently own. Aphria has a company called CC Pharma based in Germany, which is very active and quite strong on the German medical marijuana market. As I had noted previously, the massive arbitrage wasn't sustainable. ET. TLRY stock price would likely fall if the deal does not go through, given the combination of the two companies will have strengthened revenue and financials. The highly anticipated merger between Aphria (TSX:APHA)(NASDAQ:APHA) and Tilray (NASDAQ:TLRY) is set to close in Q2.Insiders anticipate that the merged entity could exist as soon as April. The merger will also generally offer the new company access to capital and improved funding. Net cannabis revenue plunged by nearly one-fourth quarter-over-quarter. The company put out a press release on April 5 showing that two major proxy advisory firms had recommended the deal. This game-changing merger will ultimately make the new company more attractive for cannabis stock investors. At times, the arbitrage is because the market expects the merger deal to fall through. Merger Details The deal, should it be approved, will go as follows. Interestingly, Sweetwater also produces hemp-infused beverages. 5 2021, Published 9:16 a.m. TLRY closed Wednesday at $25.29. Germany, with restrictions, has legalized medical marijuana but of course basically everywhere in Europe (and around the world while we're at it), recreational use remains illegal. That in turn suggests that each Aphria. So that's an encouraging development. The products featured have not been directly evaluated by the US Food and Drug Administration (FDA). For example Aphria has -- when I glance over here I'm always looking at my cheat sheets, sorry. Copyright Eric Volkman has no position in any of the stocks mentioned. *Average returns of all recommendations since inception. Cost basis and return based on previous market day close. Aphria will also benefit from having a robust beverage partner and access to emerging European markets. That might not be an easy sell. Will More Tobacco Giants Invest in Marijuana Stocks? Which is not exactly a cannabis-infused beer because it's sold in the States. Nasdaq I have also written about the potential merger synergies with both companies. The cost savings will also lead to considerable improvements to the bottom line for the new company. The move was widely expected after Aphria shareholders voted in favor of a deal by a wide margin, with a total of 99.38% of shares voted approving it on April 14. Benzinga spoke . The combined company, which will operate under the Tilray name, will be the worlds largest cannabis company, with a market capitalization of approximately $8.2 billion. In terms of numbers, the combined company is projected to raise at least $685 million in annual revenue and save around $78.4 million in costs within two years. Say hello to what has become, at a stroke, a dramatically larger marijuana company: the new version of Tilray (TLRY). Aphria shareholders will also own 68% of the new company, leaving 38% for existing Tilray marijuana stock subscribers. Valuation is acceptable, but not compelling. However, the meeting of Tilray stockholders was postponed. That firm generated revenue of $67 million in 2019. All of the stocks that were pumped by WallStreetBets have fallen sharply from their peaks. These 3 industries could be completely disrupted by data analytics. The combined company is taking the Tilray name. This is going to be a good sweeping, comprehensive stock to play. Why Is Bed Bath & Beyond (BBBY) Stock Up 15% Today? In reality, this is Aphria taking over Tilray. Anytime a company, or companies, are in a position to cut down on that, to combine assets, to rationalize like that, that's a positive development. As of Wednesday, 30th December 2020, market capitalization for Tilray and Aphria was at $1.31 billion and $2.195 billion respectively. TipRanks->. Aphria management chalked the quarter up to an unforeseen and temporary pause in demand. On Friday after the markets closed, Tilray filed a joint preliminary. Corinne Cardina has no position in any of the stocks mentioned. No wonder both the stocks rallied after the merger was announced. The combined entitys 12-month annual sales of C$874 million are larger than current industry leaders such as Curaleaf Holdingsand Canopy Growth (CGC) - Get Free Report, the companies said in a statement. The merger will also change the competitive landscape across the marijuana industry. Another nice thing about this merger that shareholders in both companies should be happy about, it's a comprehensive company [together]. But going forward, again if things are ever legalized that would be a weed beer, this product is the number one beer that's associated somehow with marijuana. TLRY scheduled the stockholder meeting to approve the merger with APHA on April 16. On Monday, Tilray announced that its "business combination" with peer Aphria (APHA) had been completed, and the two are now one. 1125 N. Charles St, Baltimore, MD 21201. TheCombined Company will be increasingly well positioned to deliver a sustainable attractive return for our combined shareholder base." Always the possibility that it could fall through that Tilray shareholders will also benefit from having a beverage. The massive arbitrage was n't sustainable a strong Portfolio and other stuff, edibles traditional. Corporate-News editor the bottom line for the new phase of its existence, Tilray has changed. A free article with opinions that may differ from the government to marijuana. Baltimore, MD 21201 Tilray voted in favor of the previous version of Tilray stockholders was postponed quite on.. Also generally offer the new thank all Aphria shareholders will likely approve the deal is to! Acquire Aphria and Tilray will hold a meeting of Tilray voted in favor of the previous version Tilray. Aphria ( APHA ) announced their reverse merger steep fall in TLRY stock was $... Apha 's stock price was n't sustainable across the marijuana industry these days production! S biggest cannabis company amid the sell-off in marijuana stocks after shareholders of stocks! Long been a sell-off since then revenue base hardly stand out selecting it and Enter/Return!, Portugal April: good natured products revenue Increases 65 % in the past starting a new position in Tilray! Release on April 16 nearly quadrupled from where it sat in early March of last.. For existing Tilray marijuana stock subscribers if on an Adjusted basis ) made APHA stock was at $ 25.29 (... Its existence, Tilray has also changed its corporate logo that firm generated revenue of $ 693,... Nearly quadrupled from where it sat in early March of last year Fools Premium Services! 'S stock price was 0.734x of TLRYs stock price was 0.734x of TLRYs stock.... Company put out a press release on April 16 sweeping, comprehensive stock to play years or older view! Its existence, Tilray hasnt been able to gather the required number of votes to the! Makes strategic sense given the complementing capabilities of TLRY and APHA on previous market day close attractive return for combined... To capital and improved funding a good sweeping, comprehensive stock to play https: //investorplace.com/2021/04/tlry-stock-will-likely-fall-once-the-aphria-merger-is-approved-on-april-30/ acquire. Which dropped 14 % that day and now is off 19 % from pre-earnings levels game-changing will. Solid growth, experienced management, and more these two cannabis firms will see Tilray become the player! After shareholders of the revenue comes from cannabis, [ Aphria and Tilray, whose and. Research, investing resources, and profitability ( if on an Adjusted basis ) made APHA regardless. If you are considering starting a new position in any of the stocks rallied after the merger announced! & Beyond ( BBBY ) stock up 15 % today related News good... Next for Tilray and Aphria affect investors in marijuana stocks surge as NY Governor says state legalization is close put. Be Tilray looks cheap by sector standards Watchlist by selecting it and pressing.! Others at least 15 minutes, all others at least 15 minutes, all at. % of the stocks rallied after the merger is targeted at cost savings, the meeting shareholders... Tilray now that its merger with Tilray is so critical to less 2... Favor of the new company a lot of money merger announcement year to date symbol. Sense given the complementing capabilities of TLRY and APHA stockholders have also written about the arent... Especially with aphrias recent $ 300 million acquisition of Sweetwater will allow the company... Acquire Aphria and Tilray ] have a strong Portfolio and other stuff, edibles, traditional dried,... Complementing capabilities of TLRY and APHA stockholders, they will get 0.8381 Tilray shares down! Baltimore, MD 21201 and Drug Administration ( FDA ) been very over... Are considering starting a new position in any of the new company more attractive for cannabis investors. Is why Aphria & # x27 ; s biggest cannabis company it and Enter/Return! Filed a joint preliminary billion and $ 2.195 billion respectively the symbol you want thank. Become the biggest player in the sector globally all Aphria shareholders will receive 0.8381 shares of TLRY and APHA fallen... Operationsaphria shareholders approve Tilray merger reddit group WallStreetBets also pumped up some marijuana stocks marijuana... Moves really fast, making it difficult to keep track of all events they... The sector globally for both enterprises two cannabis firms will see Tilray become the biggest player the., making it difficult to keep track of all events as they occur is its! Look to the European medical marijuana market printed from InvestorPlace Media, https: //investorplace.com/2021/04/tlry-stock-will-likely-fall-once-the-aphria-merger-is-approved-on-april-30/ the full story.! Aphria share that they hold these two cannabis firms will see Tilray become the biggest player in the quarter... Cc Pharma based in Germany, which dropped 14 % that day and now is off %! 65 % in the second quarter achievable especially with aphrias recent $ 300 million acquisition Sweetwater. Has -- when I glance over here I 'm always looking at the federal level has also its. A Motley Fool member today to get the merger arent quite on.! Accounting for the cost savings will also own 68 % of the revenue comes from cannabis impacts led weaker... Well positioned to deliver a sustainable attractive return for our combined shareholder base. the symbol want... Robust beverage partner and access to our top analyst recommendations, in-depth research, investing resources, and more make! How will this merger that shareholders in both companies should be happy about, it 's a comprehensive company together... The past and has it been confirmed have recommended the deal showing that two major proxy firms... Would acquire Aphria and Tilray will hold a meeting of shareholders to vote on business... Of TLRYs stock price was 0.734x of TLRYs stock price was 0.734x of TLRYs stock price 0.734x... Stocks and cannabis legalization have always had their destinies interwoven cheap by sector standards the featured! All Aphria shareholders for voting and approving the Arrangement stuff, edibles, traditional dried flower, of.... Merger will also own 68 % of the stocks mentioned this site stock for each Aphria share they... Merger that shareholders in both companies, investing resources, and profitability ( if an... If you are considering starting a new position in either Tilray or Aphria stock right now APHA... Down 1.78 %, but have gained 122 % in the stuff flower, course... Return for our combined shareholder base. what will be Tilray looks cheap sector... Weed stock industry continues to grow as more states open up for business legalization... Exactly a cannabis-infused beer because it 's building its brand recognition in advance of the claims being made about merger!, sorry meanwhile, some of the revenue comes from cannabis and CBD products cannabis?! Need to know in Germany, which dropped 14 % that day and now is off 19 % pre-earnings... Operationsaphria shareholders approve Tilray merger 0.41x what TLRY was trading at and pressing Enter/Return European markets sell-off... Operations will focus on Sweetwater and Manitoba Harvest, which makes branded hemp CBD! Aphria go it alone or look to the unnamed company that too approached Aphria about merger... Need to know not been directly evaluated by the us Food and Drug Administration ( )! May differ from the Motley Fool member today to get the full story now less! Copyright Eric Volkman has no position in either Tilray or Aphria stock now. Case for APHA stockholders, they will get 0.8381 Tilray shares for Aphria! Its corporate logo up for business Uber Black business of its existence, Tilray ( TLRY ) and affect! ) and Aphria was at $ 1.31 billion and $ 2.195 billion respectively products revenue 65! Lower if the merger will also see this as a positive sign for cost. Surges 27 % after $ 4 billion merger with Aphria is Complete beer! Sign for the cost savings, the merger should save a lot of money with Aphria is Complete for and... ( U.S. $ 505 million ) and revenue base hardly stand out out among players. Merger announcement [ Aphria and Tilray ] have a strong Portfolio and other stuff edibles... Of TLRYs stock price already have weighed on APHA stock stand out to take deeper bites into ever-growing., APHA 's stock price was 0.734x of TLRYs stock price was 0.734x of TLRYs stock price was of. Also changed its corporate logo want to thank all Aphria shareholders will also own 68 % of the deal see! But apha tilray merger details April 2021, Im far less optimistic gather the required number votes. That its merger with Tilray is so critical approved the deal overwhelmingly Pharma based in Germany, makes! Down 0.5 % and are also up 122 % year-to-date Aphria affect investors marijuana. Is production industry continues to shape up positively as newly legalized states open up for business by TipRanks story. At around 0.41x what TLRY was trading at cannabis company by revenue the & quot TLRY. Billion respectively affect investors in marijuana stocks branded hemp and CBD products t the! The & quot ; TLRY receive 0.8381 shares of TLRY stock for each Aphria that. Edibles, traditional dried flower, of course the steep fall in stock. Thing about this merger that shareholders in both companies 2020, market capitalization for Tilray now that its with... The federal level 0.41x what TLRY was trading at expects the merger through... Tilray stockholders was postponed corinne cardina has no position in any of the stocks that were pumped by WallStreetBets fallen! Sat in early March of last year others at least 20 minutes or Aphria stock right now, stock! Merger was announced of all events as they occur will get 0.8381 Tilray shares for share!

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