Leamington’s biggest private employer loses its name on Wednesday but will remain the controlling power behind a blockbuster merger of two Canadian pot giants in what becomes the world’s largest cannabis company. Tilray Inc. shareholders on Friday followed suit with those of Aphria Inc. weeks earlier and voted to approve the merger which includes adopting Tilray as the shared name…
Tilray & Aphria Announce Closing of Transaction That Creates the “New” Tilray – a Global Cannabis Leader Operational Efficiencies Expected to Generate Approximately US$81 Million Annual Pre-Tax Cost-Saving Synergies for New Tilray Within Eighteen Months Irwin D. Simon, Aphria’s Chairman and CEO, will Lead the New Tilray and Has Appointed New Executive Leadership Team; New […] READ MORE: https://www.newcannabisventures.com/tilray-and-aphria-close-merger/
NEW YORK & LEAMINGTON, Ontario–(BUSINESS WIRE)–Tilray, Inc. (“Tilray”) and Aphria Inc. (“Aphria”) today announced the completion of the previously announced business combination, ushering in a new era in the global cannabis industry. The combined company, which will operate as Tilray (the “Company”), brings together two highly complementary businesses to create the leading cannabis-focused consumer packaged goods (“CPG”) company with the…
Today is a big day for the cannabis industry as Tilray, Inc. (TLRY) shareholders are going to attend a special shareholder meeting to vote on previously announced mega-merger with Aphria, Inc. (APHA.TO) (APHA). We expect Tilray shareholders to vote in favor of the merger and believe that the combined company will be the world’s largest cannabis company. Earlier this month,…
Marijuana stocks are lighting up in Wednesday afternoon trading, with shares of Aurora Cannabis (NYSE: ACB) and Aphria (NASDAQ: APHA) both gaining 4.8% through 1 p.m. EDT, and Hexo (NYSE: HEXO) surging more than twice as much, up 11%. You can thank Bank of America for that. Early this morning, Bank of America resumed coverage on a trio of the…
As the trading week winds down, marijuana stocks are moving up once again. In the final 15 minutes of trading Friday, shares of Aurora Cannabis (NYSE: ACB) are up 4.2%, Hexo (NYSE: HEXO) is up 4%, and Aphria (NASDAQ: APHA) is hanging onto a 3.6% gain. There is, however, a pretty sizable slew of news about the progress of marijuana…
Consolidation is likely good for the burgeoning industry, but the marijuana sector remains speculative and immature. READ MORE: https://finance.yahoo.com/m/bfc20123-af0a-301e-9f00-c821e0e5ee6a/why-aphria%2C-organigram.html?.tsrc=rss
NANAIMO, British Columbia–(BUSINESS WIRE)–Tilray, Inc. (NASDAQ: TLRY), a global pioneer in cannabis research, cultivation, production, and distribution, today announced that the Tilray board of directors approved an amendment to the Company’s bylaws to reduce the quorum requirement for shareholder meetings from shareholders representing a majority of the voting power of the outstanding shares entitled to vote to one-third of the…
Aphria Inc. reported third-quarter revenue Monday that missed analyst expectations as pandemic-related lockdowns, particularly in Ontario, weighed on cannabis sales during the period. The Leamington, Ont.-based cannabis producer said it generated $153.6 million in revenue in its three-month period ending Feb. 23, an increase of 6.4 per cent from the prior year. Revenue from the company’s cannabis operations fell 7.8…
Aphria Inc. Announces Third Quarter Fiscal Year 2021 Results Reports Eighth Consecutive Quarter of Positive Adjusted EBITDA and Positive Adjusted EBITDA from Cannabis Business LEAMINGTON, ON, April 12, 2021 /PRNewswire/ – Aphria Inc. (“Aphria,” “we,” or the “Company”) (TSX: APHA) (NASDAQ: APHA), a leading global cannabis-lifestyle consumer packaged goods company inspiring and empowering the worldwide […] READ MORE: https://www.newcannabisventures.com/aphria-q3-cannabis-revenue-slips-24-sequentially-to-c51-7-million/
NANAIMO, British Columbia–(BUSINESS WIRE)–Tilray, Inc. (NASDAQ:TLRY), a global pioneer in cannabis research, cultivation, production, and distribution, today reminds that holders (the “Shareholders”) of Tilray common shares (the “Shares”) vote FOR the proposals to complete the business combination between Aphria Inc. and Tilray (the “Transaction”). Tilray Shareholders who held Shares as of the March 12, 2021 record date are eligible to…
Several cannabis stocks slid lower on Wednesday. Shares of Aphria (NASDAQ: APHA) were down 6.4% as of 3:19 p.m. Tilray (NASDAQ: TLRY) stock was falling 6.7%. Charlotte’s Web Holdings (OTC: CWBHF) shares were tumbling 6.4%. READ MORE: https://finance.yahoo.com/m/23e7d0cf-e547-3e00-9abf-4fd88dc4e90f/why-cannabis-stocks-aphria%2C.html?.tsrc=rss