Aphria Inc. Common Shares (APHA) News
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APHA News Highlights
- For APHA, its 30 day story count is now at 58.
- Over the past 26 days, the trend for APHA's stories per day has been choppy and unclear. It has oscillated between 1 and 7.
- The most mentioned tickers in articles about APHA are TLRY, SAFE and CBD.
Latest APHA News From Around the Web
Below are the latest news stories about Aphria Inc that investors may wish to consider to help them evaluate APHA as an investment opportunity.
SNDL stock suffered a massive drop in its stock price.
Say hello to what has become, at a stroke, a dramatically larger marijuana company: the new version of Tilray (NASDAQ: TLRY). On Monday, Tilray announced that its "business combination" with peer Aphria (NASDAQ: APHA) had been completed, and the two are now one. The news comes one business day after shareholders of the previous version of Tilray voted in favor of the deal.
Canadian marijuana stocks have fallen from their February highs. But one player in the industry got a lot bigger after a merger deal.
Canadian cannabis companies Tilray Inc. and Aphria Inc. announced the closing of their merger on Monday, creating the world's biggest weed company measured by revenue.
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. The combined company, which will operate under the Tilray name, will be the world’s largest cannabis company, with a market capitalization of approximately $8.2 billion. 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. (See Tilray stock analysis on TipRanks) The company will continue to trade on the Nasdaq Global Select Exchange under the symbol "TLRY" and will commence trading on the Toronto Stock Exchange under the symbol "TLRY" on May 5. Under the terms, Aphria shareholders receive 0.8381 of a Tilr...
Tilray says shares will start trading on Toronto Stock Exchange from May 5 after Aphria merger approved
Canadian cannabis company Tilray Inc. said Monday its shares will continue to trade on Nasdaq under the ticker symbol "TLRY" after its merger with fellow Canadian cannabis company Aphria Inc. which shareholders approved on Friday, and will start to trade on the Toronto Stock Exchange under the same ticker from May 5. The companies are expecting the new combined company, the world's biggest cannabis company measured by revenue, to generate pretax cost-saving synergies of $81 million with 18 months of closing. Irwin D Simon, currently Aphria's CEO and chairman, will lead the new Tilray, with Tilray's current CEO joining the board. Tilray's U.S.-listed shares were up 1.3% premarket, and have gained 122% in the year to date, while the Cannabis ETF has gained 47% and the S&P 500 has gained 11%.
Tilray and Aphria said Monday they had completed their merger, creating the world's largest cannabis company by revenue. Tilray shares were climbing 3% to $18.89, while Aphria was off slightly to $15.38 in premarket trading. Tilray said its shares will continue to trade on Nasdaq under the ticker symbol "TLRY" after its merger with the fellow Canadian company, and will start to trade on the Toronto Stock Exchange under the same ticker from Wednesday.
Tilray Inc. shareholders voted to approve the Canadian cannabis company's proposed merger with Aphria Inc. at a special meeting on Friday, according to media reports, paving the way for the creation of the world's biggest cannabis company measured by revenue. The 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 deal is expected to close in the second quarter. 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. 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, in...
Photo by Rex_Wholster/iStock via Getty Images Green Thumb Industries (GTBIF) had a turbulent quarter. Just two weeks after reporting a record year earnings, where they smashed it with revenue growth Y/Y of 157.2% to $556.6M and their adjusted EBITDA grew 546.9% to $179.6M, they encountered an unpleasant event when the...
Aphria's (APHA) last trading day is today after it complete its deal with Tilray (TLRY).The effective date for suspension of the shares is Monday, according to a Nasdaq delisting notice.Tilray holders were scheduled to vote on the deal at 11am. Earlier this month, Aphria holders approved the proposed merger.See SA author...