Aphria and Tilray merge in an all-stock deal as demand for cannabis grows
Aphria and Tilray merge in an all-stock deal as demand for cannabis grows
Aphria and Tilray are merging in an all-stock deal to form the largest cannabis company by revenue. Aphria shareholders will own 62 percent of Tilray’s stock and the combined company will trade under Tilray’s ticker on the Nasdaq. Aphria CEO Irwin Simon and Tilray CEO Brendan Kennedy join ‘Closing Bell’ to talk about the growth of consumer demand for cannabis in the U.S. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Shares of Tilray surged more than 20% after the cannabis company and peer Aphria reached an agreement to combine businesses, creating a new giant in the growing industry. The all-stock deal will result in a combined company valued at about $3.9 billion.
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Who else thinks Irwin Simon got into the Broken Coast, Riff, or Solei pre-roll stash before this interview?
I’m bullish in Tilray, but the more I listen to Brendan Kennedy I can’t trust him. Dude is lack of public speaking skill and untrustworthy. I’m happy Irwin Simon took over and join between two companies.
Seems like Aphria shareholders are skeptical of the merger.
They will have REAL competition here that are years ahead. . Canada is a joke
Tilray hit over $21 and set to hit $25 in the next few weeks! Now that Biden is in office, it’s going to grow as he promised to legalize marijuana in the usa. No matter who you voted for, take advantage of the stocks that benefit by the president at that time and with Biden, marijuana is going to explode!
Things are getting weird. Seems like the Democrats want to decriminalize cannabis and criminalize gun ownership. Flip the script on who is a criminal in this country.
68 more like 86 and probably more even your grandmother in a nursing home is smoking weed buddy. legalize the 🌲
Got 300 shares of TLRY @$6.88 CAD 😀
Will Tilray still get it’s flower exctracted by Valens Company (TSX:VLNS), if so then it’s super great for the extraction company valens aswell for future growth in extraction with aphria ?
A game of divide and conquer, We the people, stand against the election fraud cover up because it’s not going to go away until everyone knows the truth.
😎
Feels like this merger would be a huge loss to both parties if you ask me, was looking to buy some stocks.. now a bit skeptical . Can I get recommendations on a good platform to buy? Is now a good time?
HOLD 4 LIFE
so what will happen to my Tilray stock?