The merger is … Aphria Inc. and Tilray Inc. have agreed to merge in a deal that forms the world’s largest cannabis company. -2.46%, Aphria (NASDAQ: APHA) and Tilray (NASDAQ: TLRY) expect to close their planned merger … Under the terms of the deal, Aphria shareholders will received 0.8381 Tilray shares for each share owned. An invaluable buyout factsheet for traders and investors looking to trade the merger arbitrage spread . Multiply the answer from Step 1 by the value of each Tilray Share, which was US$9.33 based on the closing price of the Tilray Shares on the NASDAQ on December 16, 2020 (the transaction announcement date). 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Once the deal is completed, which is expected to occur in the second quarter of 2021, Aphria shareholders will own 62% of Tilray’s outstanding shares. “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. TLRY closed Wednesday … ET During the past six months, the stock soared 290.4%. APHA | TLRY Merger. -1.27%, Aphria (NASDAQ: APHA) and Tilray (NASDAQ: TLRY) expect to close their planned merger … In This Video I go through a look into both weed stocks Aphria (APHA) and Tilray(TLRY) since they are going through a reverse merger and see which would be … By expanding its inventory, Tilray is able to offer more affordable goods. 3 days Tilray/Apha merger Reddit Hey guys, this is going to sound like a dumb Q. Apha/Tilray are merging sometime I think April/May (I can’t find the exact date). In December, Aphria and Tilray announced their merger. What date is merger with tilray? The post Aphria (TSX:APHA) Merger Makes it the Biggest Weed Company Now appeared first on The Motley Fool Canada. This will create the largest cannabis producer by sales globally. share. Based on Tuesday’s stock closing prices, the deal, which is structured as a reverse acquisition of Tilray, represents a 23% premium for Tilray shareholders. Both stocks have been tempting new 52- week highs. Global opportunity. Aphria, a Canada-based cannabis producer and distributor, is overpaying for Tilray by about 9%, which isn’t necessarily bad. “The recent significant bout of volatility in Canadian cannabis stocks may be another deterrent for investors looking at this subsector (aside of mixed fundamentals and valuation),” Zuanic wrote in a note to clients. 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 haven’t taken off. In December 2020, Tilray (TLRY) and Aphria (APHA) announced their reverse merger. Markets welcomed the news as a … I have shares in APHA and need advice on what the move is with this merger coming and the ticker changing to TLRY. Currently, during after-market hours, Aphria Inc. is trading at a price of $12.42 compared to Tilray Inc.’s price of $19.70. Within the next four years it will be Volkswagen competing with Tesla for the crown of most EV sales globally, according to UBS. This company and Tesla will be the top two electric-vehicle plays by 2025, says UBS. According to our data, Tilray currently counts more SKUS than ever with 68 products, a 22% increase over the last six months alone. ... APHA and Nasdaq: APHA), ... 2020 to the board of directors of Tilray stating that, as of the date … Aphria merges with Tilray. Aphria shares were up 19.5% and have gained 371% in the last 12 months. Last month, Aphria announced a merger with Tilray (NASDAQ:TLRY) in an all-stock deal likely to close in the second quarter of 2021. Tilray maintains a Neutral rating. The combination of Aphria and Tilray will create the world's largest global cannabis company with pro forma revenue of US$685 million (C$874 million) for the last 12 months … Hi I don’t really mess with options I only have shares at the moment. Tilray’s stock was up 7.3% and has gained 79% in the last 12 months. © 2021 TheStreet, Inc. All rights reserved. has gained 16%. -2.27% What date is merger with tilray? In December, Aphria and Tilray announced their merger. … After several days of speculation, Aphria (TSX: APHA) (NYSE: APHA) (FRA: 10E) and Tilray (NASDAQ: TLRY) (FRA: 2HQ) announced on Wednesday the two companies have signed a definitive agreement to merge. News details here. By having these agreements in place, Tilray will be able to easily expand its reach and we will monitor how revenue numbers increase over the long-term. Zuanic raised the price target to CA$26.00 from CA$11.75 with an Overweight rating. Through Tuesday’s close, Tilray shares have fallen 54% in 2020, while Aphria’s have risen 56%. Aphria Inc. and Tilray Inc. have agreed to merge in a deal that forms the world’s largest cannabis company. Cannabis Watch To profit from planned merger of Tilray and Aphria, buy Aphria, says this analyst Last Updated: Feb. 20, 2021 at 5:29 p.m. 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. Action Alerts PLUS is a registered trademark of TheStreet, Inc. (Source: “ Canadian … Tilray's international operations, which include a world-class production facility in Portugal, is said to be one of the jewels of the deal, the sources said. The average product price has decreased from $101.70 last August to $91.90 at the time of writing. Canadian cannabis companies Tilray Inc. (NASDAQ: TLRY) and Aphria Inc. (NASDAQ: APHA) have agreed to a merger. Under terms of the agreement, Aphria shareholders will receive 0.8381 shares of Tilray for each Aphria common … Share Tweet Share. My understanding is when the merger happens Apha shares will be worth 83% of Tilrays. Aphria merges with Tilray. The all-stock … APHA, Sort by. The clock is ticking on the completion of the biggest marijuana merger ever. 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. Following the news of the merger, Tilray’s stock rose more than 21% the same day. 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. Tilray, Aphria Merger Meanwhile, the move comes in anticipation of the finalization of a merger with Aphria Inc. (TSX: APHA) APHA 4.44%, scheduled for the second quarter of 2021. In essence, the combined entity will be valued at $3.9 billion and will have a pro forma annual revenue of $685 million. If Tilray and Aphria manage to finalize an agreement, the deal would create the biggest cannabis company in Canada and a major player in the global pot sector. Tilray pot sales jump ahead of Aphria merger, stock gains more than 8% Last Updated: Feb. 17, 2021 at 9:28 p.m. Tilray and Aphria to Combine in Stock-Based Merger. The Combined Company has Large Growth Prospects in the EU. Aphria and Tilray announce plans to join forces in an all-stock deal that will create the world’s biggest marijuana production and distribution company. Forget Nio and XPeng. In late 2020, Tilray shocked the market when it announced a merger agreement with Aphria Inc. (APHA.TO) (APHA). Tilray’s merger with Aphria, announced in December and set to close in Q2, will create the largest cannabis company. The Cannabis ETF The clock is ticking on the completion of the biggest marijuana merger ever. On a year-to-date basis, APHA has rallied 157.8% to end yesterday’s trading session at $18.77. Shares of Tilray Inc. TLRY, +12.87% soared 30.8% in premarket trading and Aphria Inc.'s U.S.-listed stock APHA, +11.13% APHA, +10.97% surged 9.9%, … in the early half of 2021, APHA shares will be converted to TLRY at a rate of 1 APHA to 0.8381 TLRY. Among a host of companies positioning themselves to take advantage of a possible cannabis resurgence, Aphria (APHA) and Nasdaq-listed Tilray have unveiled a C$5 billion all-stock merger to create the world’s largest cannabis company, with combined revenue over the last 12 months amounting to an industry-leading $874 million. CGC, 20 days ago. save. “We would put the likelihood of other bidders emerging at less than5% (not for tiny TLRY on its own) and renegotiated terms at less than 20% (we do not think TLRY has much bargaining power),” said the note. So far … Indeed, this merger will result in the combined entity … patricia de melo moreira/Agence France-Presse/Getty Images, Aurora Cannabis stock slides as analysts weigh in on weak quarterly earnings and one downgrades to sell, Cannabis stocks nosedive as rally driven by hopes for U.S. legal reforms comes to a screeching halt, Cannabis stocks rally after Chuck Schumer leads drive for reforms that may end federal prohibition. The company says that the “new Tilray” will … Aphria stock traded up around 3% to $8.38, in a 52-week range of $1.95 to $8.88. When Tilray and Aphria merge on approx. best. In the all-stock merger, Aphria shareholders will receive 0.8381 shares of TLRY stock for each share of APHA they own. Its loss per share widened to C$0.42 from C$0.03 posted in the prior year period. In late 2020, Tilray shocked the market when it announced a merger agreement with Aphria Inc. (APHA.TO) (APHA). This will create the largest cannabis producer by sales globally. Currently, during after-market hours, Aphria Inc. is trading at a price of $12.42 compared to Tilray Inc.’s price of $19.70. For more of MarketWatch’s cannabis coverage, see: Cannabis Watch. Tilray would acquire Aphria and the new entity would trade under the "TLRY" ticker symbol. On December 16, 2020, Tilray (TLRY) and Aphria (APHA) announced a merger that would create the largest marijuana company globally. ET Ciara Linnane is MarketWatch's investing- and corporate-news editor. The combined entity’s 12-month annual sales of C$874 million are larger than current industry leaders such as Curaleaf Holdings and Canopy Growth (CGC) - Get Report, the companies said in a statement. Tilray rallied to $300 per share when Canada legalized pot. When all is said and done, the new joint company is set to be the largest marijuana company in the world, based on sales. -3.48% The new 84 shares of Tilray would be worth $2,268, giving you a gain of about 31%. In essence, the combined entity will be valued at $3.9 billion and will have a … Just wondering what the exact date is of the merger, I have call options for Aphria and I’m worried what will happen to them when the merger occurs . level 1. "It is about what APHA + TLRY can do in a fast-deregulating cannabis world." ET First Published: Feb. 16, 2021 at 8:27 a.m. The two Canadian companies combined have an equity value of $3.9 billion. The deal has already been unanimously approved … Both cannabis stocks have been big … Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. The US will eventually approve marijuana on a federal level, which will launch many of the sector’s stocks. When that day comes, TLRY could be left in the dust because it is a Canadian company even after the merger. Canadian cannabis producers Aphria Inc. and Tilray Inc. are in advanced talks to combine, with an announcement possible as early as this week, according to sources familiar with the matter. The combined company also will be a leader in cannabis-infused drinks. “But with US MSOs (multi-state operators) landlocked, we continue to think the larger better managed Canadian LPs deserve a premium for global growth potential.”, Read now: Aurora Cannabis stock slides as analysts weigh in on weak quarterly earnings and one downgrades to sell. ET First Published: Feb. 16, 2021 at 8:27 a.m. 5 comments. The all-stock … TLRY, At the current conversion expressed from the merger, Aphria should be trading closer to $16.51 (19.7 x .8381 = 16.51). report. up 2.8%, has gained 99% in the same time frame, while the S&P 500 Much ado has been made about the Tilray (NASDAQ: TLRY) merger with Aphria (NASDAQ: APHA). 3 months APHA skyrockets 20% AH after news of blockbuster merger with Tilray Reddit . “Thus, using TLRY’s closing price of US$29 on 2/12, this would mean APHAshares would be worth C$31,” said Zuanic. TLRY Stock is off on a bubble breakout trendline, APHA Stock the other half of the big merger is lagging behind. Just wondering what the exact date is of the merger, I have call options for Aphria and I’m worried what will happen to them when the merger occurs 5 … -2.31% She is based in New York. Tilray and Aphria are merging in a deal that will effectively result in the former being absorbed by the latter but leaving the former's name. 1,000 Aphria Shares X 0.8381. The planned merger continues to make strategic sense and the combined company could eventually look attractive to consumer packaged goods companies, and could attract a U.S. suitor before the end of cannabis prohibition, he wrote. 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. WEED, while raising his price target to $30.25 from $24.20. Under terms of the agreement, Aphria shareholders will receive 0.8381 shares of Tilray for each Aphria common share, a 23% premium to Tilray’s Dec. 15 closing price of $7.87. The merger is set to close either at the end of April or May. The marijuana industry got a jolt Wednesday morning following the announcement of a reverse merger of Aphria Inc. (NASDAQ: APHA) and Tilray Inc. … ET hide. The combined company would be well positioned to capitalize on the EU cannabis market and are favorable on the assets that Aphria brings to the relationship. The merger between Aphria Inc. (TSX:APHA)(NASDAQ:APHA) and Tilray Inc. (NASDAQ:TLRY) could bring the heat back to cannabis stocks. During the second quarter ended November 30, 2020, APHA’s revenue climbed 33.1% year-over-year to C$160.5 million. +0.60% Aphria (NASDAQ:APHA) and Tilray (NASDAQ:TLRY) expect to close their planned merger in the second quarter of this year. SPX, Do I sell APHA asap or is this news likely to give it a boost in stock price? Aphria (APHA) + Tilray (TLRY) Stocks Merger CONFIRMED! This will create the largest cannabis producer by sales globally. 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. 838 Tilray Shares X US$9.33 per Tilray Share. The combined company will have close to two times the size of Canopy Growth Corp.’s Log in or sign up to leave a comment Log In Sign Up. The merger between Aphria Inc. (TSX:APHA)(NASDAQ:APHA) and Tilray Inc. (NASDAQ:TLRY) could bring the heat back to cannabis stocks. Read: Cannabis stocks nosedive as rally driven by hopes for U.S. legal reforms comes to a screeching halt. Aphria and Tilray Combine to Create Largest Global Cannabis Company With Pro Forma Revenue of C$874 Million (US$685 Million) Complementary, Scalable Medical and Adult-Use... #apha #Aphria #Tilray After the merger, you would have 84 shares of Tilray at $27. Is TLRY a buy now and I should get in on that? In December, Tilray and Aphria Inc. (Nasdaq: APHA) announced a merger. The latest merger announcement between Tilray TLRY and Aphria APHA has made the bullish case for these stocks even stronger. 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. 60% Upvoted. Aphria closed at $8.12, up 72% year-to-date. Aphria and Tilray agree to join forces, creating the world’s biggest marijuana production and distribution company with a combined value of nearly $4 billion. The latest merger announcement between Tilray TLRY and Aphria APHA has made the bullish case for these stocks even stronger. Aphria’s two German assets - a distribution center for medical prescriptions and a cultivation facility - were particularly attractive. It’s Q2. We will get to know more about this merger when Tilray reports its fourth-quarter fiscal 2020 results today, Feb. 17. Now read more markets coverage from Markets Insider and Business Insider: Two major Canada-based weed companies, Aphria and Tilray, have merged to create one of the largest weed companies in the world. That puts the new company in direct competition with Canopy Growth Corp. (NYSE: CGC) — the largest cannabis company by market value. THCX, Zuanic reiterated his overweight rating on Aphria stock He also stuck with his neutral rating on Tilray The Aphria and Tilray merger is now confirmed! Upon closing of the proposed merger, the combined company would be the largest cannabis company in the world based on pro-forma revenue. APHA & TLRY merger. Tilray stock traded up more than 23% on Wednesday, at $9.73 in a 52-week range of $2.43 to $22.95. The big news in the marijuana sector recently was the deal that will see Aphria (NASDAQ:APHA) and Tilray (NASDAQ:TLRY) merge to form a single, multi-faceted cannabis company.. The new company will trade under Tilray’s ticker on the Nasdaq, and Aphria shareholders will own 62% of Tilray’s stock under the terms of the transaction, which was characterized as a “reverse acquisition of Tilray,” the companies said. Tilray closed at $7.87 on Tuesday, down 50% year-to-date. Current share prices imply ~30% upside in Aphria shares if the transaction were to close tomorrow. in the early half of 2021, APHA shares will be converted to TLRY at a rate of 1 APHA to 0.8381 TLRY. share of the Canadian recreational cannabis market, and offers 51% upside for Aphria shares and about 4% for Tilray, he wrote. 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). Copyright © 2021 MarketWatch, Inc. All rights reserved. Merger arbitrage is best played through a paired trade (long Aphria and short Tilray); market prices indicate borrowing costs of shorting Tilray is much higher than the ~30% merger discount. To profit from planned merger of Tilray and Aphria, buy Aphria, says this analyst Last Updated: Feb. 20, 2021 at 5:29 p.m. and raised his 12-month price target to C$32.50 ($25.71) from C$26.00. Pursuant to the earnings call transcript, Aphria expects to "close Tilray at the end of April or early May of 2021". On December 16, 2020, Aphria Inc. (TSX: APHA and Nasdaq: APHA) announced a merger with Tilray, Inc. (Nasdaq: TLRY), creating the world’s largest cannabis company. APHA, APHA could suffer from the TLRY merger. The clock is ticking on the completion of the biggest marijuana merger ever. Previous Post pot-marijuana -effects- smoke-weed- medical-marijuanabudsshop.com Next Post Benefits of CBD (Part 1): What Puts … Aphria (APHA) - Get Report and Tilray (TLRY) - Get Report, two giants in the cannabis industry, on Wednesday revealed plans to join forces in an all-stock deal that will create the world’s biggest marijuana production and distribution company. = 838 Tilray Shares. -3.30% Last month, Aphria announced a merger with Tilray (NASDAQ:TLRY) in an all-stock deal likely to close in the second quarter of 2021. Investors seeking to profit from the merger of Canadian cannabis companies Tilray Inc. and Aphria Inc. are best to do so by buying shares of Aphria, which are trading at a 51% discount over the merger conversion price, Cantor Fitzgerald analyst Pablo Zuanic said Tuesday. As the marijuana world knows by now, Tilray ( NASDAQ:TLRY) and Aphria ( NASDAQ:APHA) are combining in a big weed-stock merger. When Tilray and Aphria merge on approx. Tilray rallied as much as 27.2% on Wednesday after the company announced plans to merge with Aphria and create the world's biggest marijuana company.. Under terms of the agreement, Aphria shareholders will receive 0.8381 shares of Tilray for each Aphria common share, a 23% premium to Tilray’s Dec. 15 closing price of $7.87. Under terms of the agreement, Aphria shareholders will receive 0.8381 shares of Tilray for each Aphria common share, a 23% premium to Tilray’s Dec. 15 closing price of $7.87. Cantor is not expecting the deal terms to be renegotiated, but rather views the gap as a result of recent volatility in Canadian cannabis stocks with Tilray the most liquid given its Nasdaq listing. APHA data by YCharts. Read now: Cannabis stocks rally after Chuck Schumer leads drive for reforms that may end federal prohibition. The combined U.S. operations will focus on Sweetwater and Manitoba Harvest, which makes branded hemp and CBD products. Nobody knows.