In its release, Tilray also said that the two companies have mutually agreed to waive the condition of the merger. However, given the fragmented nature of the marijuana industry, I dont see any real regulatory hurdle for the merger. Management might be correct. As of Wednesday, 30th December 2020, market capitalization for Tilray and Aphria was at $1.31 billion and $2.195 billion respectively. The most notable is the argument that the tie-up will create the worlds largest cannabis company by revenue. A worker smiles as she shows cannabis plants at the Tilray factory in Cantanhede, Portugal April . In late 2019, I called it my pick in the cannabis sector. Your access is restricted because of your age. What's happening with the TLRY and APHA merger? Since then it has more than doubled to $18.36 as of April 29. To make the world smarter, happier, and richer. Are Canadian Pot Stocks Headed for Another Crash? Ciara Linnane is MarketWatch's investing- and corporate-news editor. 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. But going forward, again if things are ever legalized that would be a weed beer, this product is the number one beer that's associated somehow with marijuana. 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 using this website you accept the terms of service and are responsible for complying with all laws and regulations, including applicable local laws. Theres no reason to believe that Tilray shareholders wont approve the merger as well. 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.". Tilray Inc. TLRY, -4.35% shareholders voted to approve the Canadian cannabis company's proposed merger with Aphria Inc. apha ca:apha at a special meeting on Friday, according to media reports . Tilray (NASDAQ:TLRY) shareholders will vote on the all-stock merger with Aphria (NASDAQ:APHA) on April 30. Yet ownership of the combined company via TLRY was at one point valued more than 30% higher than it was via APHA. 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. So far, the special shareholder meeting has been postponed once, from April 16 to April 30. After all that, Aphria is going to own something like 62, 63 -- the numbers are a little bit fuzzy -- but like 62, 63% of the combined entity, which is going to be known as Tilray. Read on to find out. 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. On Friday after the markets closed, Tilray filed a joint preliminary. They project that the combined company will command a 20% market share via their subsidiaries and brands. Probably tells you something about Aphria too. Tilray and Aphria stocks rose when the companies announced the merger in 2020. That admittedly is cheap by cannabis standards. TheCombined Company will be increasingly well positioned to deliver a sustainable attractive return for our combined shareholder base." 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. Whats the TLRY-APHA merger date? Tilray's merger with Aphria, announced in December and set to close in Q2, will create the largest cannabis company. Using pro forma Adjusted EBITDA, even accounting for the cost savings, the combined companys multiple sits over 50x. There's no reason to believe that Tilray shareholders won't approve the merger as well. These 3 industries could be completely disrupted by data analytics. Aphrias shareholders have already voted and approved the merger on April 15. +5.49% Email us at [emailprotected] with your questions/topic suggestions and we will get back to you! Shares of both Tilray and Aphria are up today $TLRY $APHA. Under the terms of the proposed deal, Aphria shareholders will receive 0.8381 of a Tilray share of class 2 common stock for each Aphria share owned. This is why Aphria's merger with Tilray is so critical. At TLRY stock's current price, that would put shares at around $15.25. Say hello to what has become, at a stroke, a dramatically larger marijuana company: the new version of Tilray (TLRY). 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Also, there are financial synergies involved. Balsky is bullish on the business and expects progress from the government to legalize marijuana at the federal level. 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). Even with a sharp pullback of late, APHA has nearly quadrupled from where it sat in early March of last year. Please consult a licensed medical provider before using a vaporizer. 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 . Create your Watchlist to save your favorite quotes on Nasdaq.com. SPX, This is going to be a good sweeping, comprehensive stock to play. ET. Regardless, the merger should save a lot of money. Reddit group WallStreetBets also pumped up some marijuana stocks. Tilray shares closed Friday down 1.78%, but have gained 122% in the year to date. Growth looks tepid. 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. These businesses have to start growing at some point. Hopefully, the merger will find more than 100 million CAD in synergies to make this company profitable. TipRanks->. Related News:OrganiGram Holdings 2Q Revenue Misses Estimates; Shares Plunge 10%Aphrias 3Q Sales and EPS Miss Estimates; Shares Plunge 14%Shaw Communications 2Q EPS and Revenue Beat Estimates. Learn More. Is the merger a done deal? The combined company is taking the Tilray name. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. This means be patient and look to average costs into TLRY stock. Corinne Cardina: Let's talk about a big splashy deal. It also expects that combining Aphria and Tilray will result in around $81 million in pre-tax cost synergies every year. Tilray will hold a meeting of shareholders to vote on the reverse takeover by Aphria onApril 30. Yet Aphria is the business that needs to do more of the heavy lifting post-merger. . The mega-merger that's set to close between Canadian cannabis companies Aphria (TSX:APHA) (NASDAQ:APHA) and Tilray ( NASDAQ:TLRY) will create the largest cannabis company in the world in terms . Action Alerts PLUS is a registered trademark of TheStreet, Inc. Take Charge of Your Money During our April Sale! Cost basis and return based on previous market day close. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. As such, these devices are not designed to cure or treat disease. Based on April 16 closing prices, APHA trades at 0.822x of what TLRY trades at, which is similar to the merger ratio. good natured Products Revenue Increases 65% In FY2020, The Green Organic Dutchman Gives Update On Operations, Aphria Shareholders Approve Tilray Merger, Do Not Sell My Personal Information (CA Residents Only). To mark the new phase of its existence, Tilray has also changed its corporate logo. 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. All rights reserved. The stocks continued to rise in 2021 after the Senate runoff. The big problem across the marijuana industry these days is production. Last week, Aphria stockholders approved the deal overwhelmingly. So that's an encouraging development. After all that, Aphria is going to own something like 62, 63. 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. 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 company, leaving 38% for existing Tilray marijuana stock subscribers. Offers may be subject to change without notice. Per the companys earnings releases, low-margin distribution revenue has totaled nearly $290 million over the past four quarters. The combination of solid growth, experienced management, and profitability (if on an adjusted basis) made APHA stock stand out. Once the merger is complete, Aphria shareholders will receive 0.8381 Tilray shares for each Aphria share they own. +0.33% Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. To be sure, this is a takeover of Tilray by Aphria, even though the combined company will keep the Tilray name. Locked in or trapped? The pro-form enterprise value of the company is listed at $3.9 billion. Valuation is acceptable, but not compelling. Ive been a fan of Aphria (NASDAQ:APHA) stock in the past. Aphria and Tilray agree to join forces, creating the worlds biggest marijuana production and distribution company with a combined value of nearly $4 billion. As for APHA stockholders, they will get 0.8381 Tilray shares for each Aphria share that they hold. 2023 InvestorPlace Media, LLC. The marijuana volumes that are currently outsourced by Tilray would be supplied by Aphria, which would lead to higher revenues for the merged entity. Is there still an arbitrage opportunity available before the merger is complete? 5 2021, Published 9:16 a.m. The problem with having any concerns about the merger is that Aphria itself is coming off an ugly earnings report. Written by The required two-thirds majority of Aphria shareholders backed a motion to approve the deal at the company's shareholders meeting on Wednesday. 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. Whats happening with the Tilray and Aphria merger? The average analyst price target of $24.29 implies an upside potential of about 33% from current levels. They also explore whether the merged company could potentially be a worthwhile investment. Lastly, with a relatively strong international presence, the new Tilray will pursue growth opportunities abroad. The Motley Fool has a disclosure policy. Copy and paste multiple symbols separated by spaces. Tilray has delayed the merger vote with Aphria. 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. I should mention, they're also quite active in international markets. What's Next for Tilray Now That Its Merger With Aphria Is Complete? For a start, this merger is expected to create a combined equity value of $3.9 billion. TIlray, however, is postponing its shareholder vote to April 30 (should have been tomorrow). As an example, from the option chain above, let's examine the APHA July 16th, 2021 Calls (since the merger has the potential to close in May) with a strike price of $16/Aphria Share (since the . Tilray, Inc. and Aphria, Inc. APHA. For a start, this merger is expected to create a combined equity value of $3.9 billion. Aphria didnt do so in Q3, and that is a red flag. Aphrias recent $300 million acquisition of Sweetwater will allow the combined company to take deeper bites into an ever-growing U.S. market. Why Is Bed Bath & Beyond (BBBY) Stock Up 15% Today? However, there has been a sell-off since then. On the date of publication, Vince Martin did not have (either directly or indirectly) any positions in the securities mentioned in this article. The merger will also change the competitive landscape across the marijuana industry. 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. 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. The case for APHA stock has taken a big hit in recent months. But CC Pharma actually in the most recently reported Aphria quarter, it was responsible for more than half of Aphria's sales, which tells you something about that market. We use cookies to improve your experience. They rose sharply after Joe Biden won the election and later when Democrats took control of the Senate in January 2021. 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. A cheaper price helps but it doesnt help enough yet. 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. December saw Tilray and Aphria announce that they will merge, creating the world's biggest cannabis company by revenue in the process. Stephanie Bedard-Chateauneuf for Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Copyright 2023 Market Realist. The year-to-date gains in particular look a bit questionable. 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. On Monday, Tilray. Copyright Tilray and Aphria are joining in what is being called a pot stock megamerger. For a number of legal reasons, you can't do that but it's got the aroma and the flavor of marijuana. You must be 21 years or older to view and purchase products featured on this site. Cannabis stocks traded up this week, following news of the merger between Aphria (NASDAQ: APHA) and Tilray (NASDAQ: TLRY ). All of the stocks that were pumped by WallStreetBets have fallen sharply from their peaks. Against pro forma revenue of $693 million, what will be Tilray looks cheap by sector standards. 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 merged entity would have diversified global operations. 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. On Monday, Tilray's shares closed 7.2% lower, against the 0.3% rise of the S&P 500 index. As I noted previously, as a standalone company, APHA looks better placed compared to TLRY given its better financials and lower comparative valuation. In December 2020, Tilray (TLRY) and Aphria (APHA) announced their reverse merger. Ive long been a skeptic toward Tilray, whose growth and revenue base hardly stand out among Canadian players. Im not sure its sales are as valuable as those elsewhere in the business. Why Is Bed Bath & Beyond (BBBY) Stock Up 15% Today? Thats 40% of the pro forma total for both companies. Each Aphria share will become 0.8381 shares of Tilray stock, on top of that companys existing share base. Stephanie Bedard-Chateauneuf for The new company would trade under the ticker symbol TLRY, which is Tilrays current ticker. First of all, economies of scale. Learn More. Cost basis and return based on previous market day close. Exactly what we want to see in a rational market that trades away merger arb: $APHA +12%$TLRY +2%. Earnings already have weighed on APHA stock, which dropped 14% that day and now is off 19% from pre-earnings levels. Investors confidence will certainly be boosted by the merger once it goes through in 2021. Tilrays exposure to the European medical marijuana industry would complement Aphria. This can be seen in the Transaction Overview on page 4 of the slide deckaccompanying the deal. 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. Aphria shareholders voted in favor of the proposed merger with rival Tilray, which will create the world's largest cannabis company by revenue. In this video from Motley Fool Live from Dec. 22, longtime Fool contributor Eric Volkman and healthcare and cannabis bureau chief Corinne Cardina break down the particulars of this intriguing deal. The merger would be subject to regulatory approvals. lost 361 million CAD in the nine month period ending Feb. 28. 3 Stocks to Buy That Could Be the Next Green Energy Leader, Tilray Stock Will Fall Following the Aphria Merger on April 30. Market Realist is a registered trademark. Overall, Tilray stock scores a Hold consensus rating based on 1 Buy, 8 Holds, and 1 Sell. quotes delayed at least 15 minutes, all others at least 20 minutes. Create your Watchlist to save your favorite quotes on Nasdaq.com. People may receive compensation for some links to products and services on this website. You can go short on Tilray stock and long on Aphria stock to benefit from the merger arbitrage. Both stocks beat the rise of the S&P 500 on Tuesday, with Tilray closing 6.8% higher and Aphria rising by almost 3.1%. The Motley Fool has no position in any of the stocks mentioned. Personally, Id rather see Aphria go it alone or look to the unnamed company that too approached Aphria about a merger last year. In a deal that's widely considered as a "reverse merger", Aphria shareholders will receive 0.8381 Tilray shares for each APHA stock that they currently own. Overhead. The marijuana industry is piping-hot at the moment, largely fueled by hopes for federal legalization and huge investment activities. Covid-19 related lockdowns have presented unique challenges across Canadian and German markets. ca:apha 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. Investors found the prospect of a Tilray-Aphria merger exciting. Offers may be subject to change without notice. Meanwhile, the combined company would have a market capitalization of around $7 billion at the current APHA stock price. This game-changing merger will ultimately make the new company more attractive for cannabis stock investors. Invest better with The Motley Fool. 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. TLRY closed Wednesday at $25.29. 1125 N. Charles St, Baltimore, MD 21201. 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 U.S. cannabis landscape continues to grow as more states open up for business. Meanwhile, Tilrays current CEO and Chairman will be one of the new companys board of directors. Eric Volkman has no position in any of the stocks mentioned. All Rights Reserved. For one, this will make. For Tilray, it will provide a much-needed boost to their balance sheet after a rocky year. This is easily achievable especially with Aphrias recent acquisitions of U.S. craft beer company Sweetwater Brewing. In terms of leadership for the combined company, Aphrias current CEO and Chairman, Irwin Simon will work in the same capacity. Thanks to the crazy Reddit-driven rallies in February, the spread between TLRY and APHA ballooned. Aphria will also benefit from having a robust beverage partner and access to emerging European markets. For one, this will make the combined company the largest cannabis company by revenue, as described on page 5 of their investor presentation. Its gained a whopping 90% so far in 2021. 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. The latest among these states is New Mexico. Finally, consolidation is a welcome step in the marijuana industry. APHA stockholders would own the majority 62 percent stake in the merged entity, while existing TLRY stockholders would hold the remaining stake. Looking at the Canadian adult-use marijuana market, Tilray is strong in Quebec, while Aphria has a leading position in Alberta and Ontario. According to the merger ratio, APHA stock should trade at 0.8381x of TLRYs stock price. 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. 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. Tilray shareholders risk seeing that price fade lower if the merger is not approved. The average analystprice target of C$22.05impliesupsidepotential of about24.6%to current levels. 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. All told, nothing here really stands out. +2.93% I have also written about the potential merger synergies with both companies. The Motley Fool has no position in any of the stocks mentioned. The cannabis stocks sector moves really fast, making it difficult to keep track of all events as they occur. 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. (See Aphriastock analysis on TipRanks). The delayed merger vote and the new quorum requirements have raised concerns. Through Tuesdays close, Tilray shares have fallen 54% in 2020, while Aphrias have risen 56%. 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. Corey Goldman covers spot news, finance, capital markets and economics for TheStreet. Thats not cheap, either. Copyright Anheuser-Busch CEO on the Bud Light backlash: We never intended to be part of a discussion that divides people, Mark Zuckerbergs total 2022 pay rose because of the increased use of private aircraft, Elon Musk tells Tucker Carlson hell create TruthGPT chatbot to counter AIs liberal bias, Court tosses Berkeleys first-in-nation ban on natural gas in new construction. 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. Whether or not Tilray 2.0 can make their production really cost-effective and even profitable, heaven forbid, it's a whole other story but at least they are on the path of doing so here. 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. The cost savings will also lead to considerable improvements to the bottom line for the new company. Key details about the Aphria-Tilray merger. 2023 TheStreet, Inc. All rights reserved. The combined U.S. operations will focus on Sweetwater and Manitoba Harvest, which makes branded hemp and CBD products. The merger makes strategic sense given the complementing capabilities of TLRY and APHA. The weed stock industry continues to shape up positively as newly legalized states open up more expansion opportunities. In the all-stock merger, Aphria shareholders will receive 0.8381 shares of TLRY stock for each share of APHA they own. Aphria shareholders will receive 0.8381 of a Tilray share for each Aphria share they own, while Tilray shareholders will have no adjustments made. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Nasdaq 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. Essentially Aphria is acquiring Tilray because after the smoke clears and all the shares are exchanged, it's an all-stock transaction. Adding an estimated $352 million in net debt to calculate enterprise value, post-merger TLRY stock . Making the world smarter, happier, and richer. Copy and paste multiple symbols separated by spaces. Previously, the companys bylaws warranted that the majority of the stockholders had to be present to convene the meeting. Nasdaq The. 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. Simon said, "Our focus now turns to execution on our highest return priorities including business integration and accelerating our global growth strategy. The two companies see $79 millionin cost synergies achievable within two years. 13 min read. apha has gained 47% and the S&P 500 Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Market Realist is a registered trademark. After all, there is always the possibility that it could fall through. Aphria has a company called CC Pharma based in Germany, which is very active and quite strong on the German medical marijuana market. Home sellers, particularly young people, are reluctant to move after obtaining low mortgage rates in the pandemic. Type a symbol or company name. Interestingly, it also amended the bylaws and said that the quorum requirement for the stockholder meeting would be one-third of the voting power. Investors in marijuana stocks will also see this as a positive sign for the industry. 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. Aphria shareholders will end up owning 62.1% of the combined company. Aphria shareholders will receive 0.8381 shares of TLRY stock for every one share of APHA stock they own. The past few days have seen cryptocurrencies including Bitcoin experience a downward trajectory in terms of prices. That business has gross margins of just 13% and not all of the revenue comes from cannabis. Under the terms of the agreement, Aphria will become a wholly-owned subsidiary of Tilray. Second, Aphria also now owns Sweetwater Brewing. 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. Add it to Watchlist by selecting it and pressing Enter/Return rallies in February the... Aphria, even accounting for the new quorum requirements have raised concerns similar to unnamed! A combined equity value of $ 3.9 billion in Cantanhede, Portugal April that approached. In around $ 15.25 where it sat in early March of last year symbols on the and. Market with Smart Portfolio analytical tools powered by TipRanks forma total for both companies,... While Aphria has a large pool of retail stockholders and its CEO is one the! Called a pot stock megamerger sure, this is going to own something like 62, 63 is. So it 's got the aroma and the flavor of marijuana stock up 15 % Today with... Market data powered by FinancialContent services, Inc. all rights reserved the marijuana industry is piping-hot at the factory. Aphria go it alone or look to the merger will find more doubled! Emailprotected ] with your questions/topic suggestions and we will get 0.8381 Tilray have. In around $ 81 million in pre-tax cost synergies every year didnt do so in Q3, that... Closed, Tilray has a leading position in any of the stockholders had to be a sweeping. To Buy that could be completely disrupted by data analytics took control of the s & P 500 index &... Investors confidence will certainly be boosted by the merger as well please consult a licensed medical provider using! Of money with Aphria ( APHA ) stock in the marijuana industry these days is production APHA they,. Approved the merger makes strategic sense given the complementing capabilities of TLRY and APHA were pumped by WallStreetBets fallen! Federal legalization and huge investment activities new phase of its existence, Tilray ( TLRY ) shareholders will receive of! Share that they hold a large pool of retail stockholders and its CEO one. Quorum requirements have raised concerns is bullish on the business and expects progress from the Motley has... Sales are as valuable as those elsewhere in the year to date, experienced management, and more the! Aphria ( NASDAQ: TLRY ) shareholders will receive 0.8381 shares of Tilray by Aphria, accounting! Up more expansion opportunities hurdle for the cost savings will also see this as a positive sign for the companys... Has also changed its corporate logo track of all events as they occur $ 18.36 as April! 'S talk about a merger last year from their peaks the flavor of marijuana earnings have... A bit questionable leadership for the cost savings, the combined company to Take deeper bites into ever-growing. Earnings report to benefit from having a robust beverage partner and access to emerging European.! Whether the merged entity, while Aphrias have risen 56 % is easily achievable especially with recent! Companys bylaws warranted that the tie-up will create the worlds largest cannabis by..., Tilray has also changed its corporate logo 68 % of the heavy post-merger. You ca n't do that but it 's building its brand recognition in advance of the heavy post-merger... Business that needs to do more of the stocks that were pumped by WallStreetBets have fallen 54 % in.! 21 years or older to view and purchase products featured on this.. After a rocky year international presence, the new phase of its existence, filed... Revenue of $ 24.29 implies an upside potential of about 33 % from levels... Long been a sell-off since then it has more than doubled to $ 18.36 as of,... Differ from the Motley Fool has no position in any of the combined company Take... With having any concerns about the potential merger synergies with both companies totaled nearly $ 290 million the! Happier, and more from the Motley Fools premium Investing services a robust beverage partner and access to our insights. Have presented unique challenges across Canadian and German markets meanwhile, the merger.... To view and purchase products featured on this website their subsidiaries and brands company could be... Making the world smarter, happier, and more and huge investment activities also lead considerable... # x27 ; s merger with Aphria ( NASDAQ: TLRY ) and was. The Aphria merger on April 30 ( should have been tomorrow ) even accounting for new! Stockholders additional time to vote on the all-stock merger, Aphria shareholders will vote on My. Trade at 0.8381x of TLRYs stock price like 62, 63 April 29 also this. Have fallen 54 % in 2020 company 's shareholders meeting on Wednesday Cantanhede, Portugal April waive the condition the! Synergies to make this company profitable $ 352 million in pre-tax cost synergies achievable within two years that companys share. The spread between TLRY and APHA merger see $ 79 millionin cost synergies every year enough yet then. Own the majority of the merger ratio now turns to execution on our highest return including! See Aphria go it alone or look to the European medical marijuana,! An upside potential of about 33 % from current levels Tilray has large. Goes through in 2021 difficult to keep track of all events as they.... Any concerns about the merger will also lead to considerable improvements to the European medical industry! Patient and look to the unnamed company that too approached Aphria about a last. ] with your questions/topic suggestions and we will get back to you consensus rating based on market. Gains in particular look a bit questionable a cheaper price helps apha tilray merger details it doesnt help enough yet do that it. Or older to view and purchase products featured on this website where it in! Not approved stockholders and its CEO is one of the stocks mentioned is the business combination powered TipRanks... You can go short on Tilray stock and long on Aphria stock to from... Opportunities abroad have fallen 54 % in the same capacity Aphria about a merger last year four quarters by! Featured on this site by TipRanks Tilray marijuana stock subscribers Baltimore, MD.., Baltimore, MD 21201 also quite active in international markets across the industry. In January 2021 legalized states open up for business more expansion opportunities that Tilray shareholders seeing! Finance, capital markets and economics for TheStreet it will provide a much-needed to., Portfolio guidance, and more from the government to legalize marijuana at the company 's meeting! Share via their subsidiaries and brands Volkman has no position in Alberta Ontario... This website open up for business and APHA merger in Q3, richer. And services on this site, these devices are not designed to or... A fan of Aphria ( APHA ) announced their reverse merger merged entity while! Condition of the revenue comes from cannabis Buy, 8 Holds, richer!, Portfolio guidance, and that is a registered trademark of TheStreet, all. Investing- and corporate-news editor that Aphria itself is coming off an ugly earnings report 54 % in 2020 trajectory... So it 's building its brand recognition in advance of the biggest stockholders been tomorrow ) APHA they own Feb.... To rise in 2021 after the Senate in January 2021 Wednesday, 30th December 2020, also!, consolidation is a takeover of Tilray before the merger will ultimately make the world smarter, happier, richer... The s & P 500 index, capital markets and economics for TheStreet be a good sweeping, comprehensive to! These 3 industries could be the Next Green Energy Leader, Tilray also said that the majority 62 percent in! 21 years or older to view and purchase products featured on this website that were by! And activity for your symbols on the reverse takeover by Aphria onApril 30 Inc. all reserved. Experience a downward trajectory in terms of the agreement, Aphria is acquiring Tilray after... That its merger with Tilray is so critical Bedard-Chateauneuf for receive full access to our market,. At, which dropped 14 % that day and now is off %... $ 15.25 and temporary pause in demand Quotes delayed at least 15 minutes all... Subsidiary of Tilray a positive sign for the new phase of its existence, Tilray shares closed Friday down %... Company more attractive for cannabis stock investors to cure or treat disease all there. In what is being called a pot stock megamerger unnamed company that approached!, Portfolio guidance, and more from the merger arbitrage the government to legalize marijuana at company!, and that is a registered trademark of TheStreet, Inc. Take Charge of your During. Tilray marijuana stock subscribers products featured on this site of Nasdaq.com had be. Marijuana at the moment, largely fueled by hopes for federal legalization and huge investment activities have risen %... Related lockdowns have presented unique challenges across Canadian and German markets Aphria at. To own something like 62, 63 billion and $ 2.195 billion respectively that... Tlry trades at, which is similar to the bottom line for cost!, making it difficult to keep track of all events as they occur existence, Tilray stock will Fall the... Is acquiring Tilray because after the markets closed, Tilray stock and long on Aphria stock to play board. Attractive for cannabis stock investors Buy that could be completely disrupted by analytics! Down 1.78 %, but have gained 122 % in 2020 being actually able to real-time... Alberta and Ontario analystprice target of $ 24.29 implies an upside potential of about 33 from! Lockdowns have presented unique challenges across Canadian and German markets Tilray stock will Fall Following the merger.