Aphria and Tilray to merge, will use Tilray name for new company

Last Updated Wednesday, December 16, 2020 10:34AM EST

Under the agreement, Aphria will receive 0.8381 shares of Tilray for each Aphria common share, while Tilray's shareholders will see no adjustment to their holdings. The companies said the deal will give them a pro forma revenue of $874 million and see the new Tilray control more than 17 per cent of the retail cannabis market -- the largest share held by any Canadian licensed producer.

"With the Canadian licensed producers, to find $100 million in synergies and savings is pretty difficult," Simon said.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

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Aphria, Tilray merging to create world's biggest cannabis companyDeal creates a new entity with an equity value of about $4.8 billion
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Cannabis company Aphria reports Q3 loss, revenue up from year ago markCannabis company Aphria Inc. says it lost $361 million for the quarter ended Feb. 28 compared with a profit of $5.7 million in the same quarter a year earlier.
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