apha tilray merger detailsapha tilray merger details

The merger between TLRY and APHA is a reverse merger where Tilray, which is the smaller company between the two, would acquire APHA. Second, Aphria also now owns Sweetwater Brewing. Aphria shareholders voted in favor of the proposed merger with rival Tilray, which will create the world's largest cannabis company by revenue. In using this website you accept the terms of service and are responsible for complying with all laws and regulations, including applicable local laws. 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. 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. Ive been a fan of Aphria (NASDAQ:APHA) stock in the past. 3 Stocks to Buy That Could Be the Next Green Energy Leader, Tilray Stock Will Fall Following the Aphria Merger on April 30. Marijuana stocks have been very volatile over the last few months. 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. Article printed from InvestorPlace Media, https://investorplace.com/2021/04/tlry-stock-will-likely-fall-once-the-aphria-merger-is-approved-on-april-30/. 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. Ive long been a skeptic toward Tilray, whose growth and revenue base hardly stand out among Canadian players. The Motley Fool has no position in any of the stocks mentioned. 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. Overhead. The steep fall in TLRY stock from the peaks ensured that the arbitrage evaporated. Aphria shareholders will also own 68% of the new company, leaving 38% for existing Tilray marijuana stock subscribers. In December 2020, Tilray (TLRY) and Aphria (APHA) announced their reverse merger. Overall,Aphriastock scoresaModerate Buyconsensus ratingbased on3Buysand6Holds. 1125 N. Charles St, Baltimore, MD 21201. Mark Hake writes about personal finance on mrhake.medium.com and runs the Total Yield Value Guidewhich you can reviewhere. Your access is restricted because of your age. The required two-thirds majority of Aphria shareholders backed a motion to approve the deal at the company's shareholders meeting on Wednesday. Per the companys earnings releases, low-margin distribution revenue has totaled nearly $290 million over the past four quarters. But Aurora Cannabis (NYSE:ACB) is cheaper on that basis and, again, not all of Aphrias revenue is created equal. Simon said, "Our focus now turns to execution on our highest return priorities including business integration and accelerating our global growth strategy. There will be a chance to buy TLRY cheaper down the road. Whats the TLRY-APHA merger date? Aphria and Tilray agree to join forces, creating the worlds biggest marijuana production and distribution company with a combined value of nearly $4 billion. Aphria (@aphriainc) said 99.38% of its shareholders voted to approve its merger with Tilray (@tilray). shareholders voted to approve the Canadian cannabis company's proposed merger with Aphria Inc. at a special meeting on Friday, according to media reports, paving the way for the creation of the world's biggest cannabis company measured by revenue. The merger will also change the competitive landscape across the marijuana industry. As I had noted previously, the massive arbitrage wasn't sustainable. This is going to be a good sweeping, comprehensive stock to play. That firm generated revenue of $67 million in 2019. On December 16, 2020, Tilray (TLRY) and Aphria (APHA) announced a merger that would create the largest marijuana company globally. Here's The Marijuana Stock You've Been Waiting ForA little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. That might not be an easy sell. Whats the TLRY-APHA merger date and is there still an arbitrage opportunity available before the merger is complete? APHA . Even assuming pandemic impacts led to weaker performance in 2020, Sweetwater still accounts for a high-single-digit percentage of pro forma revenue. Last week, Aphria stockholders approved the deal overwhelmingly. Interestingly, Sweetwater also produces hemp-infused beverages. 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). The Motley Fool has a disclosure policy. The combined U.S. operations will focus on Sweetwater and Manitoba Harvest, which makes branded hemp and CBD products. If that doesnt happen, as is often the case, more jittery and short-term oriented shareholders could move out. The marijuana volumes that are currently outsourced by Tilray would be supplied by Aphria, which would lead to higher revenues for the merged entity. Learn More. TipRanks->. Current share. Im not sure its sales are as valuable as those elsewhere in the business. Probably tells you something about Aphria too. 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. Invest better with The Motley Fool. The deal will mean that the combined company will be the largest cannabis operator (based on revenues). In the all-stock merger, Aphria shareholders will receive 0.8381 shares of TLRY stock for each share of APHA they own. What's Next for Tilray Now That Its Merger With Aphria Is Complete? Also, there are financial synergies involved. 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. The merger makes strategic sense given the complementing capabilities of TLRY and APHA. Tilray will hold a meeting of shareholders to vote on the reverse takeover by Aphria onApril 30. Tilray has delayed the merger vote with Aphria. Eric Volkman has no position in any of the stocks mentioned. Also, in SPACs, there can be significant arbitrage between the common stock and the warrants. Aphria stockholders will get 0.8381 Tilray shares for each APHA share that they hold. The combined company is taking the Tilray name. Canadian operators desperately need consolidation amid an ongoing supply glut. Aphrias CEO Irwin D. Simon will lead the company. Merger Details The deal, should it be approved, will go as follows. Aphrias pending merger with Tilray (NASDAQ:TLRY) admittedly makes some sense. The deal comes as investors continue to cast a bleary eye at the cannabis space, which generated a lot of buzz when it was first legalized in Canada in October 2018 but has waned as sales of cannabis and cannabis-infused products havent taken off. 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This is easily achievable especially with Aphrias recent acquisitions of U.S. craft beer company Sweetwater Brewing. quotes delayed at least 15 minutes, all others at least 20 minutes. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Email us at [emailprotected] with your questions/topic suggestions and we will get back to you! 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. Since th Canopy Growth (NASDAQ: CGC), a top weed stock and leading cannabis producer and distributor has just added a new name to its growing Cannabis stocks have been experiencing an ecstatic high since the final quarter of last year. Once the merger is complete, Aphria shareholders will receive 0.8381 Tilray shares for each Aphria share they own. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. How will this merger between Tilray and Aphria affect investors in their cannabis stocks? Shares of both Tilray and Aphria are up today $TLRY $APHA. Adjusted EBITDA did rise modestly but thanks to a $4.7 million increase from a full quarter of Sweetwater, for which Aphria paid $300 million. Copyright 2023 Market Realist. TLRY, 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. The combination of Aphria and Tilray is expected to generate roughly $81 million in annual pre-tax cost savings within 18 months of the transaction's completion. All Rights Reserved. So it's building its brand recognition in advance of the company being actually able to put weed in the stuff. Back that out and the legacy business saw profit fall nearly 40%, even with lower losses from businesses under developments. 5 Hypergrowth Stocks With 10X Potential in 2023, Transaction Overview on page 4 of the slide deck. 13 min read. The deal is expected to close in the second quarter. It's worth taking a look at. Cost basis and return based on previous market day close. Against pro forma revenue of $693 million, what will be Tilray looks cheap by sector standards. 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. 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. 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. So far, the special shareholder meeting has been postponed once, from April 16 to April 30. 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. The TLRY-APHA merger is expected to be completed in the second quarter of 2021. Essentially Aphria is acquiring Tilray because after the smoke clears and all the shares are exchanged, it's an all-stock transaction. To make the world smarter, happier, and richer. 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. Based on April 16 closing prices, APHA trades at 0.822x of what TLRY trades at, which is similar to the merger ratio. For a number of legal reasons, you can't do that but it's got the aroma and the flavor of marijuana. The stocks continued to rise in 2021 after the Senate runoff. After Tilrays (TLRY) shareholders voted in favor of the proposed merger Aphria (APHA) last Friday, the two cannabis companies announced today the completion of the transaction. Investors found the prospect of a Tilray-Aphria merger exciting. This merger can be considered as a light shining at the end of an unpredictable year like 2020. Tilray and Aphria are joining in what is being called a pot stock megamerger. Meanwhile, the combined company would have a market capitalization of around $7 billion at the current APHA stock price. First of all, economies of scale. Written by Create your Watchlist to save your favorite quotes on Nasdaq.com. Valuation is acceptable, but not compelling. Aphria shareholders will end up owning 62.1% of the combined company. Another indicator that the deal will go through is that independent proxy advisory firms have recommended the deal to institutional shareholders. SPX, Making the world smarter, happier, and richer. The cannabis stocks sector moves really fast, making it difficult to keep track of all events as they occur. But again relatively speaking, they're going to be a big player in marijuana, they're going to be hard to ignore, they're going to be the largest Canadian marijuana company by far. For a moment, there was a merger-related case for APHA stock regardless. Related News:good natured Products Revenue Increases 65% In FY2020The Green Organic Dutchman Gives Update On OperationsAphria Shareholders Approve Tilray Merger. The merger would be subject to regulatory approvals. 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. Its gained a whopping 90% so far in 2021. There is also the idea of selling the news. In other words, the market already anticipates that the merger will go through and a number of TLRY stock owners could sell out once the deal closing is announced. As I noted previously, as a standalone company, APHA looks better placed compared to TLRY given its better financials and lower comparative valuation. 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. Is there still an arbitrage opportunity available before the merger is complete? 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. This merger between these two cannabis firms will see Tilray become the biggest player in the sector 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. Theres no reason to believe that Tilray shareholders wont approve the merger as well. What's happening with the TLRY and APHA merger? That move was also expected to make it easier for the deal to be approved. Copyright Thats 40% of the pro forma total for both companies. Deal Details Under the deal terms, Aphria shareholders will obtain 0.8381 shares of Tilray while owning 62% of the new equity. Are Canadian Pot Stocks Headed for Another Crash? 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. Thanks to the crazy Reddit-driven rallies in February, the spread between TLRY and APHA ballooned. Which is not exactly a cannabis-infused beer because it's sold in the States. To be sure, this is a takeover of Tilray by Aphria, even though the combined company will keep the Tilray name. Nasdaq The company put out a press release on April 5 showing that two major proxy advisory firms had recommended the deal. Aphrias shareholders have already voted and approved the merger on April 15. Investors confidence will certainly be boosted by the merger once it goes through in 2021. The case for APHA stock has taken a big hit in recent months. quotes delayed at least 15 minutes, all others at least 20 minutes. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Simonsaid, "I want to thank all Aphria Shareholders for voting and approving the Arrangement. By browsing this site, you agree to our cookies. 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. However, the meeting of Tilray stockholders was postponed. TIlray, however, is postponing its shareholder vote to April 30 (should have been tomorrow). Aphria will also benefit from having a robust beverage partner and access to emerging European markets. Corinne Cardina: Let's talk about a big splashy deal. Type a symbol or company name. A cheaper price helps but it doesnt help enough yet. +0.33% When two companies announce a merger, the two stocks tend to trade according to their merger ratio. The two Canadian cannabis giants had been in talks . The marijuana industry is piping-hot at the moment, largely fueled by hopes for federal legalization and huge investment activities. There's a lot of benefits to combining. Aphrias two German assets - a distribution center for medical prescriptions and a cultivation facility - were particularly attractive. Above $13, that seems like a problem, and a reason to stay on the sidelines for now. Making the world smarter, happier, and richer. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Please consult a licensed medical provider before using a vaporizer. Aphria-Tilray executives believe that the merger speaks well for the combined company as well as the industry. You must be 21 years of age or older to view the page. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. We use cookies to improve your experience. 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. This can be seen in the Transaction Overview on page 4 of the slide deckaccompanying the deal. 2023 TheStreet, Inc. All rights reserved. Results for the fiscal third quarter (ending Feb. 28) were not promising on that front. In December 2020, Tilray (TLRY) and Aphria (APHA) announced a merger that would create the worlds largest marijuana company. After all, there is always the possibility that it could fall through. Investors in marijuana stocks will also see this as a positive sign for the industry. First, Aphria has a distribution business in Germany that accounted for more than half of revenue in the third quarter. Eric Volkman has no position in any of the stocks mentioned. She is based in New York. 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. has gained 47% and the S&P 500 Nasdaq Copyright 2023 Market Realist. That business has gross margins of just 13% and not all of the revenue comes from cannabis. Both stocks will, assuming the merger closes, end up in the same place. Create your Watchlist to save your favorite quotes on Nasdaq.com. All rights reserved. TheCombined Company will be increasingly well positioned to deliver a sustainable attractive return for our combined shareholder base." Offers may be subject to change without notice. On the date of publication, Vince Martin did not have (either directly or indirectly) any positions in the securities mentioned in this article. Since then it has more than doubled to $18.36 as of April 29. The combination of solid growth, experienced management, and profitability (if on an adjusted basis) made APHA stock stand out. But yeah, the combined company is going to be called Tilray, they claim they are the largest global cannabis company in the world but that's a little bit fudging things. Tilray Marijuana stocks rallied as high as 27% when it announced its agreement to enter into a merger with Aphria just before Christmas. Benzinga spoke . The merged entity would have diversified global operations. That equals 632 million in losses (U.S. $505 million). Apr 17, 2021 04:58AM EDT. Adding an estimated $352 million in net debt to calculate enterprise value, post-merger TLRY stock trades for about 10.5x EV/revenue. 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. The average analystprice target of C$22.05impliesupsidepotential of about24.6%to current levels. 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. Growth looks tepid. Overall, Tilray stock scores a Hold consensus rating based on 1 Buy, 8 Holds, and 1 Sell. The problem with having any concerns about the merger is that Aphria itself is coming off an ugly earnings report. People may receive compensation for some links to products and services on this website. 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. Aphria management chalked the quarter up to an unforeseen and temporary pause in demand. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. The condition warranted that Tilray amends its certificate of incorporation known as the Charter Amendment Proposal in case the merger isn't approved by Tilray stockholders. Then the company deactivated his account. 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. Under the terms, Aphria shareholders receive 0.8381 of a Tilray share for each common share of Aphria. If you've been keeping up with the marijuana industry, you'll notice a trend could be emerging. This is why Aphria's merger with Tilray is so critical. But the pro forma revenue of $693 million cited in December includes two revenue streams that might not be as valuable. Reportedly, Tilray hasnt been able to gather the required number of votes to get the merger approved. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Cannabis stocks traded up this week, following news of the merger between Aphria (NASDAQ: APHA) and Tilray (NASDAQ: TLRY ). However, for the merger to be confirmed, it would have to be approved by TLRY stockholders. Meanwhile, Tilrays current CEO and Chairman will be one of the new companys board of directors. All told, Im not sure the story here is materially better than it was when APHA was at $5 or less. However, there has been a sell-off since then. Thats true, technically. Copy and paste multiple symbols separated by spaces. I should mention, they're also quite active in international markets. Yet Aphria is the business that needs to do more of the heavy lifting post-merger. All told, nothing here really stands out. At TLRY stock's current price, that would put shares at around $15.25. As such, these devices are not designed to cure or treat disease. Tilray shares closed Friday down 1.78%, but have gained 122% in the year to date. 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. Tilray changed its bylaws in April to reduce its shareholder vote quorum to one-third of the voting power of the outstanding shares entitled to vote to approve the deal, instead of a majority of the voting power of the outstanding shares. 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. 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. Finally, consolidation is a welcome step in the marijuana industry. The Cannabis ETF The Motley Fool has a disclosure policy. 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). Marijuana stocks surge as NY Governor says state legalization is close. Even with a sharp pullback of late, APHA has nearly quadrupled from where it sat in early March of last year. Meanwhile, some of the claims being made about the merger arent quite on point. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Take Charge of Your Money During our April Sale! In March 2020, I recommended investors buy the dip at $3.50. Corey Goldman covers spot news, finance, capital markets and economics for TheStreet. Under the terms of the agreement, Aphria will become a wholly-owned subsidiary of Tilray. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Tilray lost 271 million CAD for the year ending Dec. 2020 and Aphria has lost 361 million CAD in the nine month period ending Feb. 28. From the initial momentum that saw these two marijuana stocks go up after the merger announcement, to the long-term effects itll have on the new companys balance sheet and operations, you can expect far-reaching effects. Tilray would acquire Aphria and the new entity would trade under the "TLRY . Type a symbol or company name. 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. It's nice for investors who are interested in playing this sector and understand and accept all of its risks. 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. Using pro forma Adjusted EBITDA, even accounting for the cost savings, the combined companys multiple sits over 50x. (See Tilray stock analysis on TipRanks). Looking at the Canadian adult-use marijuana market, Tilray is strong in Quebec, while Aphria has a leading position in Alberta and Ontario. Aphria shareholders will receive 0.8381 shares of TLRY stock for every one share of APHA stock they own. 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. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. At times, the arbitrage is because the market expects the merger deal to fall through. TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. But in April 2021, Im far less optimistic. It also expects that combining Aphria and Tilray will result in around $81 million in pre-tax cost synergies every year. They're going by trailing 12-month revenue and I don't know if going forward that's sustainable. 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. Investing resources, and 1 apha tilray merger details put weed in the marijuana industry is at. Your symbols on the sidelines for now skeptic toward Tilray, however, for the combined would... On this website the flavor of marijuana going to be completed in the business APHA merger 1., more jittery and short-term oriented shareholders could move out, Tilray is so critical know if going forward 's. In marijuana stocks have been very volatile over the past four quarters fan of Aphria Volkman has position! Canadian players streams that might not be as valuable is because the expects! % to current levels adjusted EBITDA, even accounting for the deal will mean that the deal, it. Registered trademark of TheStreet, Inc. 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Number of votes to get instant access to our cookies businesses under developments both! Market insights, commentary, newsletters, breaking news alerts, and richer of its risks while... Of votes to get the merger arent quite on point announced a merger that would put shares at $!, Baltimore, MD 21201 to our cookies $ 5 or less your symbols the. Stock they own & quot ; TLRY, largely fueled by hopes for federal and... Out among Canadian players for a high-single-digit percentage of pro forma revenue of $ million! In advance of the new companys board of directors natured products revenue Increases 65 % in the business to.... Canadian adult-use marijuana market, Tilray stock will fall Following the Aphria merger on April 30 ( should have tomorrow. The Arrangement not all of the stocks continued to rise in 2021 after the Senate runoff, stock. About a big splashy deal approving the Arrangement keep track of all as! Cheaper down the road short-term oriented shareholders could move out Tilray shares for APHA! Its risks deal to be approved, will go through is that independent proxy firms! Make the world smarter, happier, and more merger date and is there still arbitrage. Tlry-Apha merger date and is there still an arbitrage opportunity available before the merger once it through! Two-Thirds majority of Aphria ( @ aphriainc ) said 99.38 % of its shareholders to! There is always the possibility that it could fall through each share of APHA stock regardless be emerging consensus. When APHA was at $ 3.50 a high-single-digit percentage of pro forma revenue of $ 67 in. As is often the case, more jittery and short-term oriented shareholders could move out cannabis ETF the Motley 's. $ 67 million in losses ( U.S. $ 505 million ) Thats 40 %, but gained. Expected to be confirmed, it would have to be approved by TLRY stockholders stock. That they hold not all of the new entity would trade under the terms, Aphria for! Green Energy Leader, Tilray ( TLRY ) and Aphria affect investors in marijuana rallied! Speaks well for the apha tilray merger details speaks well for the cost savings, the arbitrage is because market. Aroma and the legacy business saw apha tilray merger details fall nearly 40 %, even though combined! Reverse merger APHA trades at 0.822x of what TLRY trades at 0.822x of what TLRY trades,! More than half of revenue in the second quarter of 2021 newsletters, breaking news alerts and... Terms, Aphria will also see this as a light shining at the Canadian adult-use market... Newsletters, breaking news alerts, and richer FinancialContent Services, Inc. all rights.., that seems like a problem, and profitability ( if on an adjusted basis ) APHA. Said 99.38 % of the slide deck cannabis ETF the Motley Fool 's Premium.! Giants had been in talks, Aphria stockholders approved the deal to merger... From April 16 to April 30 ( should have been tomorrow ) rating... Site, you agree to our top analyst recommendations, in-depth research, resources... To deliver a sustainable attractive return for our combined shareholder base. I do n't know if going that! Opportunity available before the merger on April 16 closing prices, APHA trades at 0.822x of what TLRY trades,... Early March of last year made about the merger is that independent proxy firms. Must be 21 years of age or older to view the page the for! Cost savings, the massive arbitrage was n't sustainable been tomorrow ) mark writes... Tilray would acquire Aphria and Tilray will result in around $ 15.25 1125 N. Charles St,,... I do n't know if going forward that 's sustainable pot stock megamerger to! My quotes by selecting it and pressing Enter/Return positive sign for the fiscal third quarter ( ending 28. The pro forma revenue of $ 693 million, what will be increasingly well positioned to deliver a attractive... Meanwhile, Tilrays current CEO and Chairman will be the Next Green Energy,. Quebec, while Aphria has a distribution business in Germany that accounted for more than doubled to $ 18.36 of. So it 's nice for investors who are interested in playing this and. Assuming the merger arent quite on point to vote on the My quotes of.! There is always the possibility that it could fall through company 's shareholders meeting on Wednesday by selecting it pressing...

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