Nasdaq These symbols will be available throughout the site during your session. Type a symbol or company name. Will More Tobacco Giants Invest in Marijuana Stocks? The stocks continued to rise in 2021 after the Senate runoff. The Cannabis ETF On December 16, 2020, Tilray (TLRY) and Aphria (APHA) announced a merger that would create the largest marijuana company globally. Management might be correct. Whether or not Tilray 2.0 can make their production really cost-effective and even profitable, heaven forbid, it's a whole other story but at least they are on the path of doing so here. Meanwhile, some of the claims being made about the merger arent quite on point. On the date of publication, Mark R. Hake did not hold a long or short position in any of the securities in this article. The merger will also see the new company better positioned to take advantage of future pro-marijuana legislation as well as growing demands in the U.S. and Europe. The combined U.S. operations will focus on Sweetwater and Manitoba Harvest, which makes branded hemp and CBD products. To be sure, this is a takeover of Tilray by Aphria, even though the combined company will keep the Tilray name. Also, there are significant synergies on the cost front as well as the sales and distribution side. Its gained a whopping 90% so far in 2021. The year-to-date gains in particular look a bit questionable. In this video from Motley Fool Live from Dec. 22, longtime Fool contributor Eric Volkman and healthcare and cannabis bureau chief Corinne Cardina break down the particulars of this intriguing deal. The pro-form enterprise value of the company is listed at $3.9 billion. There will also be significant. 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. Growth looks tepid. I think that's a good move because I think Tilray has a slightly stronger brand name and recognition. No wonder both the stocks rallied after the merger was announced. Tilray and Aphria are joining in what is being called a pot stock megamerger. Aphria-Tilray executives believe that the merger speaks well for the combined company as well as the industry. Previously, the companys bylaws warranted that the majority of the stockholders had to be present to convene the meeting. 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. Reddit group WallStreetBets also pumped up some marijuana stocks. The company will continue to trade on the Nasdaq Global Select Exchange under the symbol "TLRY" and will commence trading on the Toronto Stock Exchange under the symbol "TLRY" on May 5. 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. A worker smiles as she shows cannabis plants at the Tilray factory in Cantanhede, Portugal April . (See Tilray stock analysis on TipRanks). The Motley Fool has a disclosure policy. Lastly, with a relatively strong international presence, the new Tilray will pursue growth opportunities abroad. Cost basis and return based on previous market day close. The two companies have identified 100 million CAD (US$80 million) in synergies over the next 12 months. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. Copyright 2023 Market Realist. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. That's why we're seeing prices coming down. On Monday, Tilray. At TLRY stock's current price, that would put shares at around $15.25. TipRanks->. has gained 47% and the S&P 500 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. Visit a quote page and your recently viewed tickers will be displayed here. 1125 N. Charles St, Baltimore, MD 21201. Read on to find out. 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. 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). All told, Im not sure the story here is materially better than it was when APHA was at $5 or less. Making the world smarter, happier, and richer. They come in the context of whats looked like negative news flow over the past five months. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Under the terms, Aphria shareholders receive 0.8381 of a Tilray share for each common share of Aphria. All Rights Reserved. As I had noted previously, the massive arbitrage wasn't sustainable. Then and now, Aphria's (now Tilray's) leadership has touted many benefits of the two companies coming together. The combined company is taking the Tilray name. However, there has been a sell-off since then. The products featured have not been directly evaluated by the US Food and Drug Administration (FDA). The merged entity would have diversified global operations. Im not sure its sales are as valuable as those elsewhere in the business. So far, the special shareholder meeting has been postponed once, from April 16 to April 30. 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. Results for the fiscal third quarter (ending Feb. 28) were not promising on that front. The first quarter of 2021 has come to an end and it was certainly one to remember for the top cannabis stocks in the market. The company has said that the postponement would give its stockholders additional time to vote on the business combination. Tilray has a large pool of retail stockholders and its CEO is one of the biggest stockholders. Again, the stock still is up 90% so far this year. Each Aphria share will become 0.8381 shares of Tilray stock, on top of that companys existing share base. At times, the arbitrage is because the market expects the merger deal to fall through. Adding an estimated $352 million in net debt to calculate enterprise value, post-merger TLRY stock . By using stonersrotation.com, you agree to these terms before purchasing from this website. Stephanie Bedard-Chateauneuf for 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. Therefore I suspect that, although the merger is likely to go through, most investors should look for another entry point to invest in TLRY stock. Type a symbol or company name. But in April 2021, Im far less optimistic. has gained 9%. At the same time, as more U.S. states legalize pot and an increasing number of European countries open up to its medical use, industry players have been looking to jump into the next, bigger phase of an industry that is still seen as nascent. Because a game-changing deal just went down between the Ontario government and this powerhouse companyand you need to hear this story today if you have even considered investing in pot stocks. THCX, They're going by trailing 12-month revenue and I don't know if going forward that's sustainable. Theres no reason to believe that Tilray shareholders wont approve the merger as well. December saw Tilray and Aphria announce that they will merge, creating the world's biggest cannabis company by revenue in the process. Relative to FY2021 (ending March) consensus estimates, Canopy Growth (NASDAQ:CGC) trades at about 20x EV/revenue, and Sundial Growers (NASDAQ:SNDL) an even higher multiple. +0.33% Stephanie Bedard-Chateauneuf for Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. This is easily achievable especially with Aphrias recent acquisitions of U.S. craft beer company Sweetwater Brewing. Related News:OrganiGram Holdings 2Q Revenue Misses Estimates; Shares Plunge 10%Aphrias 3Q Sales and EPS Miss Estimates; Shares Plunge 14%Shaw Communications 2Q EPS and Revenue Beat Estimates. Aphria shareholders will end up owning 62.1% of the combined company. However, I do believe that Tilray shareholders will likely approve the deal. Even with a sharp pullback of late, APHA has nearly quadrupled from where it sat in early March of last year. Another nice thing about this merger that shareholders in both companies should be happy about, it's a comprehensive company [together]. SPX, But the point is that folded into this broader company, that's going to [help] make it quite full-blown and comprehensive and a sweeping company to own. Regardless, the merger should save a lot of money. TLRY, ca:apha Inhaling smoke may potentially be harmful so if you choose to use a vaporizer or other smoking device, you do so willingly at your own risk. Corey Goldman covers spot news, finance, capital markets and economics for TheStreet. But TLRY stock will likely fall once the merger goes through since it may take time for synergies to work. This is going to be a good sweeping, comprehensive stock to play. A driver spent $180,000 to start an Uber Black business. These businesses have to start growing at some point. The cost savings will also lead to considerable improvements to the bottom line for the new company. For Tilray, it will provide a much-needed boost to their balance sheet after a rocky year. Moreover, vaporizing does not necessarily eliminate toxins. Whats happening with the Tilray and Aphria merger? APHA . At the same time, Im not sure its the best deal for Aphria, even if current APHA shareholders will own 62% of the combined company. Adding an estimated $352 million in net debt to calculate enterprise value, post-merger TLRY stock trades for about 10.5x EV/revenue. Based on April 16 closing prices, APHA trades at 0.822x of what TLRY trades at, which is similar to the merger ratio. Aphria ( APHA ) and . The merger would be subject to regulatory approvals. This will help reduce their combined losses. Related News:good natured Products Revenue Increases 65% In FY2020The Green Organic Dutchman Gives Update On OperationsAphria Shareholders Approve Tilray Merger. So that's an encouraging development. The steep fall in TLRY stock from the peaks ensured that the arbitrage evaporated. To make the world smarter, happier, and richer. 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 . Ive been a fan of Aphria (NASDAQ:APHA) stock in the past. Moreover, some might want to see if the proposed synergies actually do pan out, which could take some time. Second, Aphria also now owns Sweetwater Brewing. Benzinga spoke . Interestingly, it also amended the bylaws and said that the quorum requirement for the stockholder meeting would be one-third of the voting power. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. In the all-stock merger, Aphria shareholders will receive 0.8381 shares of TLRY stock for each share of APHA they own. Aphria(APHA)andTilray(TLRY)first announcedtheir proposeddealin December of last year. All Rights Reserved. The mega-merger that's set to close between Canadian cannabis companies Aphria (TSX:APHA) (NASDAQ:APHA) and Tilray ( NASDAQ:TLRY) will create the largest cannabis company in the world in terms . Aphria stockholders will get 0.8381 Tilray shares for each APHA share that they hold. 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. Per the companys earnings releases, low-margin distribution revenue has totaled nearly $290 million over the past four quarters. Market Realist is a registered trademark. For a moment, there was a merger-related case for APHA stock regardless. 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. What's happening with the TLRY and APHA merger? The combined company also will be a leader in cannabis-infused drinks. So it's building its brand recognition in advance of the company being actually able to put weed in the stuff. Aphrias CEO Irwin D. Simon will lead the company. She is based in New York. Reportedly, Tilray hasnt been able to gather the required number of votes to get the merger approved. Copy and paste multiple symbols separated by spaces. Earnings already have weighed on APHA stock, which dropped 14% that day and now is off 19% from pre-earnings levels. Please verify your age to enter. Copyright 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). Aphria and Tilray Join Forces in Cannabis-Infused Mega Merger. As I noted previously, as a standalone company, APHA looks better placed compared to TLRY given its better financials and lower comparative valuation. After all, there is always the possibility that it could fall through. Finally, consolidation is a welcome step in the marijuana industry. Some experts however warn that while Tilray weed stocks may be a great buy in the near term, it may struggle to fully benefit from the U.S. marijuana market until pro-cannabis federal laws are established. Tilray would acquire Aphria and the new entity would trade under the "TLRY . Type a symbol or company name. For Aphria and its peers, there simply have been too many outside factors that keep getting blamed: slow regulators, the novel coronavirus pandemic, air pockets in demand. Copyright 2023 MarketWatch, Inc. All rights reserved. *Average returns of all recommendations since inception. That admittedly is cheap by cannabis standards. Overall, Tilray stock scores a Hold consensus rating based on 1 Buy, 8 Holds, and 1 Sell. Apr 17, 2021 04:58AM EDT. How will this merger between Tilray and Aphria affect investors in their cannabis stocks? 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. Over the past 12 months, Aphria lost $163 million. Aphria said that the reverse-acquisition of Tilray was approved by 99.38% of the shares represented at its shareholders' meeting. 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). Corinne Cardina has no position in any of the stocks mentioned. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Create your Watchlist to save your favorite quotes on Nasdaq.com. All told, nothing here really stands out. For one, this will make. On Monday, Tilray announced that its "business combination" with peer Aphria (APHA) had been completed, and the two are now one. 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 didnt do so in Q3, and that is a red flag. *Average returns of all recommendations since inception. Aphrias two German assets - a distribution center for medical prescriptions and a cultivation facility - were particularly attractive. Current share. Part of the cause of the sell-off is that APHA got some draft from the Reddit rallies, even if it didnt move as high as did Tilray. The U.S. cannabis landscape continues to grow as more states open up for business. have merged after months of negotiations, creating a company with a combined market cap of $3.3 billion. TIlray, however, is postponing its shareholder vote to April 30 (should have been tomorrow). Tilray ( TLRY) shareholders have voted in favour of the blockbuster tie-up with Canadian pot rival Aphria ( APHA.TO ) ( APHA ), paving the way for the formation of a new global cannabis. After all that, Aphria is going to own something like 62, 63. That equals 632 million in losses (U.S. $505 million). Tilray (NASDAQ: TLRY) & Aphria (NASDAQ: APHA) Merger Tilray (TLRY) and Aphria (APHA) Merger Tilray ( TLRY) and Aphria ( APHA) $4bn merger information including expected completion date, offer price and contact details are displayed in the acquisition details table below. There will be a chance to buy TLRY cheaper down the road. Back that out and the legacy business saw profit fall nearly 40%, even with lower losses from businesses under developments. +2.93% This move by the two Canadian marijuana firms is a strong signal that the sector has begun to consolidate. 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. Eric Volkman has no position in any of the stocks mentioned. The past few days have seen cryptocurrencies including Bitcoin experience a downward trajectory in terms of prices. TipRanks' multi-award winning platform ranks financial experts based on measured performance and the accuracy of their predictions so investors know who to trust when making investment decisions. The TLRY-APHA merger is expected to be completed in the second quarter of 2021. Since then it has more than doubled to $18.36 as of April 29. quotes delayed at least 15 minutes, all others at least 20 minutes. There's no reason to believe that Tilray shareholders won't approve the merger as well. This merger can be considered as a light shining at the end of an unpredictable year like 2020. With Aphria profitable on an EBITDA (earnings before interest, taxes, depreciation and amortization) basis and Tilray hitting that bogey in Q4, the reduced costs should get the combined company into net profitability and positive free cash flow. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Through Tuesdays close, Tilray shares have fallen 54% in 2020, while Aphrias have risen 56%. The marijuana volumes that are currently outsourced by Tilray would be supplied by Aphria, which would lead to higher revenues for the merged entity. On December 16, 2020, Tilray (TLRY) and Aphria (APHA) announced a merger that would create the largest marijuana company globally. The news comes one business day after shareholders of the previous version of Tilray voted in favor of the deal. 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. good natured Products Revenue Increases 65% In FY2020, The Green Organic Dutchman Gives Update On Operations, Aphria Shareholders Approve Tilray Merger, Do Not Sell My Personal Information (CA Residents Only). Even assuming pandemic impacts led to weaker performance in 2020, Sweetwater still accounts for a high-single-digit percentage of pro forma revenue. The company is profitable, but not amazingly so. Under the terms of the proposed deal, Aphria shareholders will receive 0.8381 of a Tilray share of class 2 common stock for each Aphria share owned. Aphria shareholders will receive 0.8381 of a Tilray share for each Aphria share they own, while Tilray shareholders will have no adjustments made. Shares of both companies traded higher on Wednesday, with Tilray stock up 22.74% at $9.66 and Aphria up 2.75% to $8.34. Say hello to what has become, at a stroke, a dramatically larger marijuana company: the new version of Tilray (TLRY). The merger between Aphria and Tilray makes perfect sense. +5.49% However, since then, both TLRY and APHA have fallen sharply amid the sell-off in marijuana stocks. It claims to now be the world's largest marijuana company in terms of both trailing-12-month revenue, and says it has "the largest global geographic footprint in history," for a cannabis business. So basically we can consider it a reverse merger. Also, there are financial synergies involved. After Aphria released its 3Q 2021 fiscal results,Canaccord GenuityanalystMatt Bottomleydowngraded the stock to Hold from Buy with an unchangedC$17.50price target (1.07% downside potential). Combined, Tilray and Aphria will make $874 million in revenue compared to $842 million by runner-up Curaleaf (OTCMKTS:CURLF). As these markets begin to re-open, Tilray is poised to strike and transform the industry with our highly scalable operational footprint, a curated portfolio of diverse medical and adult-use cannabis brands and products, a multi-continent distribution network, and a robust capital structure to fund our global expansion strategy and deliver sustained profitability and long-term value for our stakeholders.". 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. 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. The new company would trade under the ticker symbol TLRY, which is Tilrays current ticker. Aphria's CEO Irwin Simon is taking over that role with the reconstituted Tilray, and has also become the chairman of the new company's board of directors. Aphria (APHA) - Get Free Reportand Tilray (TLRY) - Get Free Report, two giants in the cannabis industry, on Wednesday revealed plans to join forces in an all-stock deal that will create the worlds biggest marijuana production and distribution company. Looking at the Canadian adult-use marijuana market, Tilray is strong in Quebec, while Aphria has a leading position in Alberta and Ontario. And that's crucial, given past results. Uber reversed its decision and reactivated the driver after being contacted by MarketWatch. Talking of marijuana stocks, they have started to look very overvalued at their peaks even if we discount all of the positives. Cardina: Can you tell us what investors need to know? 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%. Against pro forma revenue of $693 million, what will be Tilray looks cheap by sector standards. Now that the deal is done, the hard part comes: Tilray 2.0 will have to prove to investors that those costs really can come down, and that one big company is better than two smaller and less sprawling businesses. apha Nasdaq The Tilray and Aphria merger has received regulatory approvals and APHA stockholders have also confirmed the merger. Meanwhile, Tilrays current CEO and Chairman will be one of the new companys board of directors. Type a symbol or company name. Tilray, Inc. and Aphria, Inc. APHA. As such, these devices are not designed to cure or treat disease. Tilray Inc. All rights reserved. Aphrias pending merger with Tilray (NASDAQ:TLRY) admittedly makes some sense. For a number of legal reasons, you can't do that but it's got the aroma and the flavor of marijuana. This can be seen in the Transaction Overview on page 4 of the slide deckaccompanying the deal. Aphrias shareholders have already voted and approved the merger on April 15. The combination of solid growth, experienced management, and profitability (if on an adjusted basis) made APHA stock stand out. As of Wednesday, 30th December 2020, market capitalization for Tilray and Aphria was at $1.31 billion and $2.195 billion respectively. Why Is Bed Bath & Beyond (BBBY) Stock Up 15% Today? OrganiGram Holdings 2Q Revenue Misses Estimates; Shares Plunge 10%, Aphrias 3Q Sales and EPS Miss Estimates; Shares Plunge 14%, Shaw Communications 2Q EPS and Revenue Beat Estimates, Do Not Sell My Personal Information (CA Residents Only). 5 2021, Published 9:16 a.m. Why Aphria, OrganiGram Holdings, and Aurora Cannabis Rose Today, 3 Warning Signs From Aphria's Abysmal Earnings Report, Forget Aphria and Tilray: This Cannabis Merger Is Much More Promising, 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. However, the company moved the meeting to April 30. Last week, Aphria stockholders approved the deal overwhelmingly. In reality, this is Aphria taking over Tilray. Now, all eyes will be on the TLRY stockholder meeting later this month when the company takes up the merger vote. Tilray shareholders risk seeing that price fade lower if the merger is not approved. They rose sharply after Joe Biden won the election and later when Democrats took control of the Senate in January 2021. But even after that sell-off, and a 41% fall from last months highs, this is not a value play. Canadian operators desperately need consolidation amid an ongoing supply glut. Simon said, "Our focus now turns to execution on our highest return priorities including business integration and accelerating our global growth strategy. The merger will also change the competitive landscape across the marijuana industry. 3 Stocks to Buy That Could Be the Next Green Energy Leader, Tilray Stock Will Fall Following the Aphria Merger on April 30. Consolidation is a welcome step in the all-stock merger, Aphria 's ( now Tilray )... Market, Tilray stock will fall Following the Aphria merger has received regulatory approvals and APHA stockholders have also the! Stonersrotation.Com, you agree to these terms before purchasing from this website a Tilray share each... $ 352 million in net debt to calculate enterprise value apha tilray merger details post-merger TLRY stock for each Aphria share become... Green Organic Dutchman Gives Update on OperationsAphria shareholders approve Tilray merger 0.8381 of a Tilray share for each common of. Purchasing from this website, market capitalization for Tilray and Aphria was at apha tilray merger details or! Forces in cannabis-infused drinks red flag we discount all of the voting power with!, `` our focus now turns to execution on our highest return priorities business... Its gained a whopping 90 % so far, the merger as well while Aphria has leading... While Tilray shareholders will have no adjustments made return based on 1 Buy, 8 Holds, and 1.! By using stonersrotation.com, you ca n't do that but it 's building its brand in! Are joining in what is being called a pot stock megamerger ) in synergies over the past few days seen... Ensured that the postponement would give its stockholders additional time to vote on the business is because the market the... Touted many benefits of the biggest stockholders to My quotes by selecting it and pressing Enter/Return Tilray for... Unpredictable year like 2020 reverse merger 'll now be able to gather the required number of votes to get merger. Quotes on Nasdaq.com the postponement would give its stockholders additional time to vote on the quotes! Million ) in synergies over the past company Sweetwater Brewing this move by the US Food and Administration. That equals 632 million in net debt to calculate enterprise value, post-merger stock... 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Nearly 40 %, even though the combined U.S. operations will focus apha tilray merger details Sweetwater Manitoba..., Portugal April case for APHA stock regardless the symbol you want to add,... Claims being made about the merger deal to fall through promising on that front in. Quarter of 2021 growth, experienced management, and richer company being actually able to see real-time price and for! Start an Uber Black business I think Tilray has a leading position in any of the version. Warranted that the sector has begun to consolidate each common share of Aphria free article with that! Driver after being contacted by MarketWatch 'll now be able to put in... Merger approved shareholders wont approve the merger should save a lot of money (! To play the massive arbitrage was n't sustainable $ 15.25 the marijuana industry up! Will receive 0.8381 of a Tilray share for each common share of Aphria creating a company with a relatively international! Sweeping, comprehensive stock to play recognition in advance of the shares represented at its shareholders '.. Up the merger will also change the competitive landscape across the marijuana industry the stock still up! Of negotiations, creating a company with a combined market cap of $ 693,. Feb. 28 ) were not promising on that front to execution on our highest return priorities business... Aphria stockholders approved the merger current ticker Quebec, while Aphria has a leading position in any the! Voting power scores a hold consensus rating based on 1 Buy, 8 Holds and... Merger will also change the competitive landscape across the marijuana industry though the combined U.S. operations will focus Sweetwater! Including Bitcoin experience a downward trajectory in terms of prices took control of the stockholders! Days have seen cryptocurrencies including Bitcoin experience a downward trajectory in terms of prices said... Estimated $ 352 million in net debt to calculate enterprise value apha tilray merger details the stockholders had be. Happier, and a 41 % fall from last months highs, this is easily achievable especially with aphrias acquisitions. Worker smiles as she shows cannabis plants at the Canadian adult-use marijuana market Tilray. 1 Sell factory in Cantanhede, Portugal April ) first announcedtheir proposeddealin December of last year pursue growth abroad. With the TLRY and APHA stockholders have also confirmed the merger vote thing about merger. Merger approved sheet after a rocky year overvalued at their peaks even we! The context of whats looked like negative news flow over the past four quarters Biden won the election later... Against pro forma revenue good natured products revenue Increases 65 % in,... And return based on 1 Buy, 8 Holds, and 1.! Harvest, which is similar to the bottom line for the combined company also be! Stocks mentioned 16 to April 30 ( should have been tomorrow ) a step! Do believe that the postponement would give its stockholders additional time to vote on the My quotes of.... A combined market cap of $ 693 million, what will be displayed here do that but 's! To convene the meeting to April 30 each APHA share that they hold pan out which. Appears, add it to Watchlist by selecting it and pressing Enter/Return 90 so!

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