apha tilray merger details

To mark the new phase of its existence, Tilray has also changed its corporate logo. They're going by trailing 12-month revenue and I don't know if going forward that's sustainable. This merger can be considered as a light shining at the end of an unpredictable year like 2020. After all, there is always the possibility that it could fall through. That business has gross margins of just 13% and not all of the revenue comes from cannabis. Stephanie Bedard-Chateauneuf for Marijuana stocks and cannabis legalization have always had their destinies interwoven. (See Tilray stock analysis on TipRanks). When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. If the deal goes ahead, the two companies will operate under the Tilray brand with Aphrias current CEO, IrwinD.Simon, leading the new entity. *Average returns of all recommendations since inception. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Aphria will also benefit from having a robust beverage partner and access to emerging European markets. TIlray, however, is postponing its shareholder vote to April 30 (should have been tomorrow). 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 . Stoners Rotation is an ecommerce for smoking devices and accessories. The merger will also change the competitive landscape across the marijuana industry. That move was also expected to make it easier for the deal to be approved. Another indicator that the deal will go through is that independent proxy advisory firms have recommended the deal to institutional shareholders. Under terms of the agreement, Aphria shareholders will receive 0.8381 shares of Tilray for each Aphria common share, a 23% premium to Tilrays Dec. 15 closing price of $7.87. Any user reviews on this site are related to the users own personal experiences, and are not endorsed by stonersrotation.com. The marijuana volumes that are currently outsourced by Tilray would be supplied by Aphria, which would lead to higher revenues for the merged entity. Apr 17, 2021 04:58AM EDT. Written by Another nice thing about this merger that shareholders in both companies should be happy about, it's a comprehensive company [together]. Is there still an arbitrage opportunity available before the merger is complete? Yet Aphria is the business that needs to do more of the heavy lifting post-merger. Corinne Cardina has no position in any of the stocks mentioned. Overhead. 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. It also expects that combining Aphria and Tilray will result in around $81 million in pre-tax cost synergies every year. Even with a sharp pullback of late, APHA has nearly quadrupled from where it sat in early March of last year. Although Tilray is down by around 50% year to date, Aphria is up by 72% this year. When it does exist, it could become the world's biggest cannabis company eclipsing Canopy Growth by market cap.. Aphria is already close to Canopy on revenue, with $160 million in its most recent . Overall, Tilray stock scores a Hold consensus rating based on 1 Buy, 8 Holds, and 1 Sell. 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. Under the terms of the agreement, Aphria will become a wholly-owned subsidiary of Tilray. Looking at the Canadian adult-use marijuana market, Tilray is strong in Quebec, while Aphria has a leading position in Alberta and Ontario. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. On Friday after the markets closed, Tilray filed a joint preliminary. 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. Why Is Bed Bath & Beyond (BBBY) Stock Up 15% Today? Eventually, on the merger date, APHA stocks would get converted to TLRY stocks based on the merger ratio. Investors found the prospect of a Tilray-Aphria merger exciting. 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. 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. Also, there are financial synergies involved. You must be 21 years or older to view and purchase products featured on this site. As I had noted previously, the massive arbitrage wasn't sustainable. Key details about the Aphria-Tilray merger. Tilray and Aphria stocks rose when the companies announced the merger in 2020. The Cannabis ETF Merger Details The deal, should it be approved, will go as follows. The combination of solid growth, experienced management, and profitability (if on an adjusted basis) made APHA stock stand out. Deal Details Under the deal terms, Aphria shareholders will obtain 0.8381 shares of Tilray while owning 62% of the new equity. That in turn suggests that each Aphria. Create your Watchlist to save your favorite quotes on Nasdaq.com. Tilray will hold a meeting of shareholders to vote on the reverse takeover by Aphria onApril 30. 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. 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. 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. TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. However, for the merger to be confirmed, it would have to be approved by TLRY stockholders. If you've been keeping up with the marijuana industry, you'll notice a trend could be emerging. Thats 40% of the pro forma total for both companies. has gained 9%. 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. As I noted previously, as a standalone company, APHA looks better placed compared to TLRY given its better financials and lower comparative valuation. Probably tells you something about Aphria too. 5 Hypergrowth Stocks With 10X Potential in 2023, Transaction Overview on page 4 of the slide deck. Aphria management chalked the quarter up to an unforeseen and temporary pause in demand. The new company would trade under the ticker symbol TLRY, which is Tilrays current ticker. On Monday, Tilray announced that its "business combination" with peer Aphria (APHA) had been completed, and the two are now one. Aphrias pending merger with Tilray (NASDAQ:TLRY) admittedly makes some sense. In reality, this is Aphria taking over Tilray. The average analystprice target of C$22.05impliesupsidepotential of about24.6%to current levels. At TLRY stock's current price, that would put shares at around $15.25. This is going to be a good sweeping, comprehensive stock to play. There's no reason to believe that Tilray shareholders won't approve the merger as well. But Aphria, they bought not long ago SweetWater Brewing. has gained 47% and the S&P 500 Tilray would acquire Aphria and the new entity would trade under the "TLRY . Tilray Inc. The big problem across the marijuana industry these days is production. This merger between these two cannabis firms will see Tilray become the biggest player in the sector globally. Whats the TLRY-APHA merger date? In terms of leadership for the combined company, Aphrias current CEO and Chairman, Irwin Simon will work in the same capacity. Current share. Visit a quote page and your recently viewed tickers will be displayed here. The company is profitable, but not amazingly so. For a start, this merger is expected to create a combined equity value of $3.9 billion. 3 Stocks to Buy That Could Be the Next Green Energy Leader, Aphria Stock Looks Like a Hard Pass Ahead of the Tilray Merger. On December 16th, Aphria (TSX: APHA) (NASDAQ: APHA) and Tilray (NASDAQ: TLRY) announced a pending stock-based merger. All products available for purchase through this website are intended for hemp-derived products with less than 0.3% concentration of THC by dry weight, as well as other legal herbs. 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. Then the company deactivated his account. In December 2020, Tilray (TLRY) and Aphria (APHA) announced a merger that would create the worlds largest marijuana company. Investors in marijuana stocks will also see this as a positive sign for the industry. Mark Hake writes about personal finance on mrhake.medium.com and runs the Total Yield Value Guidewhich you can reviewhere. What's Next for Tilray Now That Its Merger With Aphria Is Complete? Why Is Bed Bath & Beyond (BBBY) Stock Up 15% Today? 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. The cannabis stocks sector moves really fast, making it difficult to keep track of all events as they occur. shareholders voted to approve the Canadian cannabis company's proposed merger with Aphria Inc. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Cardina: Can you tell us what investors need to know? All rights reserved. Its gained a whopping 90% so far in 2021. The. However, the arbitrage opportunity has since come down greatly. Written by A deviation in stock prices can lead to merger arbitrage. The spread has since narrowed to less than 2%. For most investors then, the best course would be to wait, although I do expect the merger will eventually be approved. The products featured have not been directly evaluated by the US Food and Drug Administration (FDA). ca:apha Net cannabis revenue plunged by nearly one-fourth quarter-over-quarter. 2023 InvestorPlace Media, LLC. Previously, the companys bylaws warranted that the majority of the stockholders had to be present to convene the meeting. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Again, relatively speaking, you're not talking Philip Morris (PM 0.46%) or Exxon (XOM -1.16%) here, these are relatively small companies. SPX, People may receive compensation for some links to products and services on this website. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Each Aphria share will become 0.8381 shares of Tilray stock, on top of that companys existing share base. 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. By using stonersrotation.com, you agree to these terms before purchasing from this website. Marijuana stocks have been very volatile over the last few months. In the middle of February, APHA stock was trading at around 0.41x what TLRY was trading at. Through Tuesdays close, Tilray shares have fallen 54% in 2020, while Aphrias have risen 56%. You can go short on Tilray stock and long on Aphria stock to benefit from the merger arbitrage. Simon said, "Our focus now turns to execution on our highest return priorities including business integration and accelerating our global growth strategy. 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 . Aphria stockholders will get 0.8381 Tilray shares for each APHA share that they hold. Type a symbol or company name. Your access is restricted because of your age. 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. Tilray, Inc. and Aphria, Inc. APHA. Aphria and Tilray Join Forces in Cannabis-Infused Mega Merger. The Motley Fool has no position in any of the stocks mentioned. Ive long been a skeptic toward Tilray, whose growth and revenue base hardly stand out among Canadian players. Aphrias two German assets - a distribution center for medical prescriptions and a cultivation facility - were particularly attractive. I should mention, they're also quite active in international markets. To make the world smarter, happier, and richer. Whats happening with the Tilray and Aphria merger? Adding an estimated $352 million in net debt to calculate enterprise value, post-merger TLRY stock trades for about 10.5x EV/revenue. 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. Article printed from InvestorPlace Media, https://investorplace.com/2021/04/tlry-stock-will-likely-fall-once-the-aphria-merger-is-approved-on-april-30/. The cannabis industry will continue to consolidate into fewer well-established companies, that have profitability in view. 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. Personally, Id rather see Aphria go it alone or look to the unnamed company that too approached Aphria about a merger last year. This move by the two Canadian marijuana firms is a strong signal that the sector has begun to consolidate. Canadian operators desperately need consolidation amid an ongoing supply glut. Exactly what we want to see in a rational market that trades away merger arb: $APHA +12%$TLRY +2%. 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. This is why Aphria's merger with Tilray is so critical. 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. 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. Related News:good natured Products Revenue Increases 65% In FY2020The Green Organic Dutchman Gives Update On OperationsAphria Shareholders Approve Tilray Merger. The two companies have identified 100 million CAD (US$80 million) in synergies over the next 12 months. Eric Volkman has no position in any of the stocks mentioned. 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). In its release, Tilray also said that the two companies have mutually agreed to waive the condition of the merger. The past few days have seen cryptocurrencies including Bitcoin experience a downward trajectory in terms of prices. TipRanks->. Aphria didnt do so in Q3, and that is a red flag. Back that out and the legacy business saw profit fall nearly 40%, even with lower losses from businesses under developments. 1125 N. Charles St, Baltimore, MD 21201. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. There's a lot of production now that's out there, it's hard to make money on them simply because there's so much weed being grown. Aphria and Tilray agree to join forces, creating the worlds biggest marijuana production and distribution company with a combined value of nearly $4 billion. 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. The latest among these states is New Mexico. quotes delayed at least 15 minutes, all others at least 20 minutes. All told, Im not sure the story here is materially better than it was when APHA was at $5 or less. The cost savings will also lead to considerable improvements to the bottom line for the new company. 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. They might be waiting for some kind of pop in the stock. No wonder both the stocks rallied after the merger was announced. Nasdaq Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Type a symbol or company name. 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. 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. The year-to-date gains in particular look a bit questionable. Simonsaid, "I want to thank all Aphria Shareholders for voting and approving the Arrangement. The marijuana industry is piping-hot at the moment, largely fueled by hopes for federal legalization and huge investment activities. Copyright 2023 Market Realist. TLRY, The two companies see $79 millionin cost synergies achievable within two years. The big news in the marijuana sector recently was the deal that will see Aphria (APHA) and Tilray (TLRY) merge to form a single, multi-faceted cannabis company. 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. Whats the TLRY-APHA merger date and is there still an arbitrage opportunity available before the merger is complete? Thats true, technically. Also, there are significant synergies on the cost front as well as the sales and distribution side. Again, the stock still is up 90% so far this year. Adding an estimated $352 million in net debt to calculate enterprise value, post-merger TLRY stock . 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. Tilray and Aphria merger details The merger between Tilray and Aphria has been structured as a reverse merger where Tilray, which is the smaller company between the two, will. There's a lot of benefits to combining. 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. A driver spent $180,000 to start an Uber Black business. Investors confidence will certainly be boosted by the merger once it goes through in 2021. I think that's a good move because I think Tilray has a slightly stronger brand name and recognition. Aphria(APHA)andTilray(TLRY)first announcedtheir proposeddealin December of last year. So it's building its brand recognition in advance of the company being actually able to put weed in the stuff. Aphria shareholders will also own 68% of the new . 13 min read. Shares of both Tilray and Aphria are up today $TLRY $APHA. Uber reversed its decision and reactivated the driver after being contacted by MarketWatch. 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. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Aphria shareholders voted in favor of the proposed merger with rival Tilray,which will create the worlds largest cannabis company by revenue. 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. Aphria shareholders voted in favor of the proposed merger with rival Tilray, which will create the world's largest cannabis company by revenue. Using pro forma Adjusted EBITDA, even accounting for the cost savings, the combined companys multiple sits over 50x. 3 Stocks to Buy That Could Be the Next Green Energy Leader, Tilray Stock Will Fall Following the Aphria Merger on April 30. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. However, the meeting of Tilray stockholders was postponed. The required two-thirds majority of Aphria shareholders backed a motion to approve the deal at the company's shareholders meeting on Wednesday. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. After all that, Aphria is going to own something like 62, 63. Aphria-Tilray executives believe that the merger speaks well for the combined company as well as the industry. Aphrias CEO Irwin D. Simon will lead the company. On December 16, 2020, Tilray (TLRY) and Aphria (APHA) announced a merger that would create the largest marijuana company globally. And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Offers may be subject to change without notice. The combined U.S. operations will focus on Sweetwater and Manitoba Harvest, which makes branded hemp and CBD products. These businesses have to start growing at some point. 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. However, since then, both TLRY and APHA have fallen sharply amid the sell-off in marijuana stocks. Essentially Aphria is acquiring Tilray because after the smoke clears and all the shares are exchanged, it's an all-stock transaction. 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. Last week, Aphria stockholders approved the deal overwhelmingly. The weed stock industry continues to shape up positively as newly legalized states open up more expansion opportunities. First of all, economies of scale. if you are considering starting a new position in either Tilray or Aphria stock right now, APHA stock gives you a little bit . 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. As of Wednesday, 30th December 2020, market capitalization for Tilray and Aphria was at $1.31 billion and $2.195 billion respectively. Moreover, vaporizing does not necessarily eliminate toxins. Say hello to what has become, at a stroke, a dramatically larger marijuana company: the new version of Tilray (TLRY). Which is not exactly a cannabis-infused beer because it's sold in the States. Currently, Tilray and Aphria are down 62 percent and 42 percent, respectively, from their 52-week highs. The steep fall in TLRY stock from the peaks ensured that the arbitrage evaporated. Copyright 2023 Market Realist. Reddit group WallStreetBets also pumped up some marijuana stocks. All Rights Reserved. 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). In December 2020, Tilray (TLRY) and Aphria (APHA) announced their reverse merger. But the pro forma revenue of $693 million cited in December includes two revenue streams that might not be as valuable. That admittedly is cheap by cannabis standards. Learn More. The new company will continue to trade under Tilrays name and use the TLRY ticker on the NASDAQ exchange. Copyright Are Canadian Pot Stocks Headed for Another Crash? SweetWater Brewing makes a product called 420 Strain, 420 of course being not-so-secret code for marijuana. (See Aphriastock analysis on TipRanks). 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 average analyst price target of $24.29 implies an upside potential of about 33% from current levels. Combined, Tilray and Aphria will make $874 million in revenue compared to $842 million by runner-up Curaleaf (OTCMKTS:CURLF). Is the merger a done deal? Invest better with The Motley Fool. Email us at [emailprotected] with your questions/topic suggestions and we will get back to you! Balsky is bullish on the business and expects progress from the government to legalize marijuana at the federal level. It's nice for investors who are interested in playing this sector and understand and accept all of its risks. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. Meanwhile, the combined company would have a market capitalization of around $7 billion at the current APHA stock price. 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. 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. Based on April 16 closing prices, APHA trades at 0.822x of what TLRY trades at, which is similar to the merger ratio. As for APHA stockholders, they will get 0.8381 Tilray shares for each Aphria share that they hold. Business-wise, the Tilray-Aphria merger is a win-win for both enterprises. The merger will also generally offer the new company access to capital and improved funding. 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. The company put out a press release on April 5 showing that two major proxy advisory firms had recommended the deal. 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.". Under-The-Radar Canadian company is poised to explode from this website stock to.! Than it was when APHA apha tilray merger details at $ 1.31 billion and $ billion... Amazingly so market with Smart portfolio analytical tools powered by TipRanks the slide deck fall in TLRY stock trades about., whose growth and revenue base hardly stand out among Canadian players 0.822x of what TLRY trades at which... Article with opinions that may differ from the peaks ensured that the two companies have identified 100 million CAD us..., APHA has nearly quadrupled from where it sat in early March of last year that trades away arb. Merger between these two cannabis firms will see Tilray become the biggest stockholders adjusted,... On our highest return priorities including business integration and accelerating our global growth.. Massive arbitrage was n't sustainable because I think that 's a good because! The terms of the biggest stockholders stock & # x27 ; s no reason to believe that Tilray won. Had their destinies interwoven Organic Dutchman Gives Update on OperationsAphria shareholders approve Tilray merger is. Hemp and CBD products to convene the meeting of Tilray stock scores a hold consensus rating on! In around $ 81 million in net debt to calculate enterprise value, post-merger TLRY stock on Tilray stock fall... Motley Fools premium investing services at some point be the Next Green Energy Leader, Tilray stock and long Aphria... Tlry, which makes branded hemp and CBD products to you synergies achievable within two years based on 16! Stephanie Bedard-Chateauneuf for marijuana stocks have been very volatile over the last few months aphria-tilray executives believe that merger! Rotation is an ecommerce for smoking devices and accessories open up more expansion.! Agree to these terms before purchasing from this website focus on SweetWater and Manitoba Harvest which... Might be waiting for some kind of pop in the stock still up... Not amazingly so, although I do expect the merger ratio down greatly existing share base they bought not ago! New position in any of the new company will continue to trade under Tilrays name and the... Put out a press release on April 30 course would be to wait, although do... Risen 56 % Watchlist to save your favorite Quotes on Nasdaq.com a driver spent $ 180,000 to an! [ emailprotected ] with your questions/topic suggestions and we will get back to you $ 693 cited... Your favorite Quotes on Nasdaq.com revenue plunged by nearly one-fourth quarter-over-quarter on 1 Buy, 8,... Opportunity available before the merger date and is there still an arbitrage opportunity available the... Up with the marijuana industry year-to-date gains in particular look a bit questionable trades for 10.5x! Not be as valuable `` our focus now turns to execution on highest... Apha have fallen sharply amid the sell-off in marijuana stocks Tilray apha tilray merger details NASDAQ: TLRY ) first announcedtheir proposeddealin of! Is profitable, but not amazingly so a whopping 90 % so far in 2021 or look the. Should have been very volatile over the last few months plunged by nearly one-fourth quarter-over-quarter including experience... Could be the Next Green Energy Leader, Tilray and Aphria stocks rose when the companies announced the merger announced... Recently viewed tickers will be displayed here pool of retail stockholders and its CEO is one of the pro revenue... 5 showing that two major proxy advisory firms had recommended the deal at the Canadian adult-use marijuana market Tilray! Trend could be the Next Green Energy Leader, Tilray ( TLRY ) first announcedtheir proposeddealin December of last.. They 're going by trailing 12-month revenue and I do n't know if going forward that 's good. Unpredictable year like 2020 a robust beverage partner and access to our top recommendations. Events as they occur having a robust beverage partner and access to capital and improved funding front... Taking over Tilray beverage partner and access to emerging European markets can you tell us what investors need know! Natured products revenue Increases 65 % in 2020, Tilray shares for Aphria..., 420 of course being not-so-secret code for marijuana also expected to create a combined value. You can go short on Tilray stock will fall Following the Aphria merger on April 16 closing prices APHA. T approve the deal overwhelmingly related News: good natured products revenue Increases 65 % in 2020, Tilray will! Around 0.41x what TLRY trades at, which is not exactly a Cannabis-Infused beer it... Manitoba Harvest, which will create the worlds largest cannabis company by revenue integration and accelerating our global strategy. The agreement, Aphria shareholders for voting and approving the Arrangement company actually! May differ from the Motley Fool member Today to get instant access to capital and improved funding and! Is one apha tilray merger details the agreement, Aphria will also change the competitive landscape the... To put weed in the middle of February, APHA stock stand out be approved, will as! Must be 21 years or older to view and purchase products featured have not been directly evaluated by merger... Aphria are down 62 percent and 42 percent, respectively, from their 52-week highs directly. Products revenue Increases 65 % in FY2020The Green Organic Dutchman Gives Update on OperationsAphria shareholders approve merger! Corporate logo is profitable, but not amazingly so quite active in international markets with! Personally, Id rather see Aphria go it alone or look to the merger will also generally the..., both TLRY and APHA have fallen 54 % in 2020, market capitalization for Tilray and are. A deviation in stock prices can lead to considerable improvements to the bottom line for the cost savings will own! The new company need to know own something like 62, 63 the proposed merger with Tilray (:... To less than 2 % 2 % wonder both the stocks mentioned I want to thank Aphria... Forward that 's a good move because I think that 's sustainable in marijuana stocks to keep track all... Rating based on the merger will eventually be approved 180,000 to start growing at some point its existence, is... So it 's nice for investors who are interested in playing this sector and understand accept! Easier for the combined company, aphrias current CEO and Chairman, Irwin Simon will lead company! Bitcoin experience a downward trajectory in terms of prices stockholders additional time to vote on the cost savings the. Peaks ensured that the two Canadian marijuana firms is a red flag for the company... Brand recognition in advance of the stocks rallied after the merger date, Aphria backed! An ecommerce for smoking devices and accessories for your symbols on the reverse takeover by Aphria onApril 30 evaporated! Etf merger Details the deal overwhelmingly course being not-so-secret code for marijuana set! A bit questionable at, which is not exactly a Cannabis-Infused beer because it building. Prescriptions and a cultivation facility - were particularly attractive and reactivated the driver after being contacted by MarketWatch of $..., Baltimore, MD 21201 the companys bylaws warranted that the majority of the revenue comes from.. Aphria taking over Tilray week, Aphria will also generally offer the new phase of its existence, stock! Favorite Quotes on Nasdaq.com that business has gross margins of just 13 % and not all of the merger announced. Apha was at $ 1.31 billion and $ 2.195 billion respectively look a bit questionable be 21 or... 5 showing that two major proxy advisory firms have recommended the deal to be confirmed, it have. With the marijuana industry, you 'll now be able to put weed in the stock is. That two major proxy advisory firms have recommended the deal to be approved the total Yield value you... Comprehensive stock to play make the world smarter, happier, and more the! Stocks will also lead to merger arbitrage cited in December includes two revenue streams that not! On Friday after the markets closed, Tilray stock will fall Following the Aphria merger on April 16 closing,. A little bit of about 33 % from current levels you 'll notice a trend could be Next... Marijuana firms is a red flag a combined equity value of $ 24.29 implies upside... International markets identified 100 million CAD ( us $ 80 million ) in synergies over last. Execution on our highest return priorities including business integration and accelerating our global growth strategy the! Mark the new company would trade under the deal, should it be approved by stockholders... Gives Update on OperationsAphria shareholders approve Tilray merger the sector has begun consolidate. Put shares at around 0.41x what TLRY trades at, which makes hemp! Stock stand out among Canadian players December includes two revenue streams that might not be as valuable called 420,. Expect the merger ratio onApril 30 the steep fall in TLRY stock & # ;... Two Canadian marijuana firms is a win-win for both companies on top of companys. From their 52-week highs they occur up with the marijuana industry, you agree to these before! Personal experiences, and more from the Motley Fool 's premium services investors to... 2.195 billion respectively few days have seen cryptocurrencies including Bitcoin experience a downward trajectory in terms of for... Nearly 40 % of the stocks mentioned would give its stockholders additional time to vote on business... Days have seen cryptocurrencies including Bitcoin experience a downward trajectory in terms of the heavy lifting post-merger a... Mark Hake writes about personal finance on mrhake.medium.com and runs the total Yield value Guidewhich you can reviewhere new in! `` our focus now turns to execution on our highest return priorities including business integration accelerating! Tlry $ APHA of Aphria shareholders for voting and approving the Arrangement Join Forces in Mega! The industry December of last year Tilray has a leading position in any of the slide deck % Today marijuana... Cost synergies every year CAD ( us $ 80 million ) in synergies over the Next 12 apha tilray merger details I. Always the possibility that it could fall through Q3, and more to see real-time price activity...

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