All-share deal will create world’s largest weed company, as industry hopes for further liberalisation in US
Two of the leading players in Canada’s booming cannabis sector have announced merger plans that will create the world’s largest weed company, as the industry hopes for further liberalisation in the US under Joe Biden.
Tilray and Aphria announced an all-share deal giving the new entity a stock market value of C$4.8bn (£2.8bn), with the two companies’ combined revenues over the past 12 months amounting to an industry-leading £507m.
It looks like $APHA is still looking for a dance partner …
First it was $ACB…
Now $TLRY is at the table talking merger…
Either an elaborate plan by management to leaks rumours before earnings each time or $APHA is super hungry for M&A. #PotStocks
