www.cannabisbusinesstimes.com is using a security service for protection against online attacks. Investor Relationsinvestors@aphria.com, Tilray contacts: Media Amy Bonwick, 647-515-3748amy@pomppr.com, Investors Raphael Gross Execution necessary for increased market share. Creates the Leading Canadian Adult-Use Cannabis Licensed Producer: Together, Aphria and Tilray will be the leading adult-use cannabis Canadian Licensed Producer based on revenue for the last twelve months by combining their respective brands, distribution networks and world-class facilities. Regulatory approvals expected to be required include Competition Bureau (Canada), U.S. HSR and Germany FDI. The Combined Company also expects to pursue the opportunity to expand with new or existing CBD or other cannabinoid brands leveraging Manitoba Harvests strong hemp and wellness product platform. The merger was announced on December 16, 2020 and I assume they're still looking to merge as the deal makes a lot of sense in terms of market share and cost synergies. When U.S. regulations allow, the Combined Company expects to be well-positioned to compete in the U.S. cannabis market given its existing strong brands and distribution system in addition to its track record of growth in consumer-packaged goods and cannabis. Copyright 2023 Market Realist. 203-682-8253Raphael.Gross@icrinc.com, Aphria and Tilray Combine to Create Largest Global Cannabis Company With Pro Forma Revenue of C$874 Million (US$685 Million), Alphria Inc. & Tilray, Inc Merger Resources, https://www.businesswire.com/news/home/20201216005519/en/. Mar. Tilray will host a special shareholder meeting on April 16 th and we are excited for the merger to be completed. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Tilray stockholders in connection with the proposed transaction will be set forth in the Tilray proxy statement for the proposed transaction when available. The trouble is, when it announced in late 2020 its planned merger with Aphria, another major Canadian cannabis business, the pair controlled a total of 17% of the market at the time. Covid-19 related lockdowns have presented unique challenges across Canadian and German markets, Simon said in a statement. The firm later invested in Tilray. 3 Stocks That Are Poised to Plunge. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Additional Information About Tilray and Where to Find It. and Under the terms of the Agreement, the Arrangement will be carried out by way of a court approved plan of arrangement under the Business Corporations Act (Ontario) and will require the approval of at least two-thirds of the votes cast by the Aphria Shareholders at a special meeting. Tilray-Aktie gibt vorbrslich krftig ab: Tilray mit hherem Verlust als erwartet Quartalsbilanz Der Cannabis-Konzern Tilray hat am Montagabend nach US-Brsenschluss seine Bcher zum dritten . Substantial Synergies. We believe that the Company has the strategic footprint and operational scale necessary to compete more effectively in todays consolidating cannabis market with a strong, flexible balance sheet, strong cash balance, and access to capital, which we believe will give the Company the ability to accelerate growth and deliver long-term sustainable value for stockholders. Full details of the Arrangement will be included in a management information circular of Aphria and in a proxy statement of Tilray to be delivered to Aphria Shareholders and the Tilray Stockholders, respectively, in the coming weeks. Das Papier von Tilray (ex Aphria) konnte zuletzt klettern und stieg im Tradegate-Handel um 1,1 . The highly anticipated merger between Aphria (TSX:APHA)(NASDAQ:APHA) and Tilray (NASDAQ:TLRY) is set to close in Q2.Insiders anticipate that the merged entity could exist as soon as April. This includes leveraging Aphria and Tilray's proven distribution networks in Canada to sell SweetWater's 420 cannabis lifestyle brand in Canada. Substantial Synergies: The combination of Aphria and Tilray is expected to deliver approximately C$100 million of annual pre-tax cost synergies within 24 months of the completion of the transaction. Aphria ()() shareholders have voted in favour of the reverse acquisition of rival Canadian pot producer Tilray ().The decision helps pave the way for the blockbuster deal announced in December to form the world's largest pot company by revenue. This release is being made in respect of the proposed transaction involving Aphria and Tilray pursuant to the terms of an arrangement agreement by and among Aphria and Tilray and may be deemed to be soliciting material relating to the proposed transaction. What will this mean? Stock Market Basics. 2023 InvestorPlace Media, LLC. Tilray (Nasdaq: TLRY) is a global pioneer in the research, cultivation, production and distribution of cannabis and cannabinoids currently serving tens of thousands of patients and consumers in 15 countries spanning five continents. Growing legalization and adoption of cannabis for the . And Tilray needs to beef up its margins, not grow its collection of value brands from two to five. +0.71% For the business: Reverse merger is taking place where Aphria is absorbing Tilray and will own 63% of the company, continuing to use the name Tilray due to better brand recognition and its nearly eponymous representation of the cannabis market. In other words, management's track record with retaining the market share it gains via acquisitions is spotty at best, and its long-term goal of reaching a market share of around 30% seems persistently far off. Tilray surges 27% after $4 billion merger with Aphria creates the world's biggest cannabis company. And with conditions making an investment so risky, it's probably best to steer clear for now. Tilray shares were climbing 3% to $18.89, while Aphria was off slightly to $15.38 in premarket trading. As part of the deal, Aphria paid a premium of 23 percent over Tilrays Dec. 15 closing price. Tilrays new leadership team and board of directors will provide a strong foundation for the Company to accelerate growth and capitalize on the business combinations many benefits. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. Interestingly enough, based on these terms, APHA stock is trading at a discount. This includes leveraging Aphria and Tilrays proven distribution networks in Canada to sell SweetWaters 420 cannabis lifestyle brand in Canada. Tilray Brands sustaining and growing the top line while strengthening the balance sheet. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. At this nascent stage of development and expansion of the global cannabis market, we believe companies with leading geographic scale, product range and brand expertise are most likely to benefit long-term. Nothing short of a trainwreck and I have been sounding the alarms since they admittedly cooked the books with the Aphria merger (see the actual admission in the press release and call). The April 14 th Aphria special shareholder meeting was announced after both companies received the necessary regulatory approvals to complete the proposed business combination and we are favorable on how the transaction has advanced. Markets For more information on how we open a world of wellbeing, visit Tilray.com. In addition, the Combined Company will have a complete breadth of products in every major cannabis category, including flower, pre-roll, oils, capsules, vapes, edibles and beverages. The shares of cannabis stock Aphria Inc (NASDAQ:APHA) are surging this afternoon, getting a nice little halo lift from pending merger partner Tilray (TLRY), after the latter nailed down a deal with Grow Pharma to import and distribute its medical cannabis products into the United Kingdom. While it could still become the most important marijuana business internationally in due time, reaching that goal is a plan that's in progress at the moment. Tilrays mission is to be the trusted partner for its patients and consumers by providing them with a cultivated experience and health and wellbeing through high-quality, differentiated brands and innovative products. The combination is expected to unlock significant shareholder value. People may receive compensation for some links to products and services on this website. Nothing short of a trainwreck and I have been sounding the alarms since they admittedly cooked the books with the Aphria merger (see the actual admission in Michael Bowen sur LinkedIn : Tilray discloses $1.2B quarterly loss, plan to buy cannabis rival Hexo for Market Realist is a registered trademark. Aphria Inc. is a leading global cannabis company inspiring and empowering the worldwide community to live their very best life. Second, Hexo is deeply unprofitable, its quarterly revenue shrank 54% year over year, and it has $191 million in Canadian dollars ($143 million) in debt. Through Tuesday's close, Tilray shares have fallen 54% in 2020, while . Aphria has stopped trading and all Aphria shares are now converted to Tilray shares. Effective on closing, the senior management team and Board of Directors of the Company were reconstituted as follows: The new Tilray logo blends both Aphria and legacy Tilrays branding into a design that reflects the new Companys growing portfolio of brands across cannabis-lifestyle and wellness product categories, including medical, adult-use, hemp foods, and beverages. Published by NCV Newswire. The Combined Company expects to achieve cost synergies in the key areas of cultivation and production, cannabis and product purchasing, sales and marketing and corporate expenses. There is a risk that some or all the expected benefits of the business combination may fail to materialize or may not occur within the time periods anticipated by the Company. The Arrangement is expected to close in the second quarter of calendar year 2021 following the receipt of such regulatory approvals, as well as court approval of the Arrangement. The merger had got delayed due to the delay in approval from Tilray shareholders. There will also be a simultaneous, live webcast and supplemental presentation available on the Investors section of Aphrias and Tilrays website at aphriainc.com and Tilray.com. For a more detailed discussion of risks and other factors, see the most recently filed annual information form of Aphria and the annual report filed on form 10-K of Tilray made with applicable securities regulatory authorities and available on SEDAR and EDGAR. There is also a razor-thin majority in the Senate. Of course, the timing of this rally coincides with the presidential election. | Aktienforum | Aktien Forum | Diskussionsboard | Community von finanzen.net A pioneer in cannabis research, cultivation, and distribution, Tilrays unprecedented production platform supports over 20 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods, and alcoholic beverages. In the event of federal permissibility, the Company expects to be well-positioned to compete in the U.S. cannabis market given its existing strong brands and distribution system in addition to its track record of growth in consumer-packaged goods and cannabis products. Yet there are also major business synergies with the merger. 203-682-8253 The move should leave the company with a credible claim to being the largest marijuana business in Canada, and it will contribute to Tilray's reputation as being one of the more acquisition-hungry competitors. is the author of various books on investing and technology, including Artificial Intelligence Basics, High-Profit IPO Strategies and All About Short Selling. To this end, Aphria has its SweetWater Brewing segment, which is a craft beer manufacturer and distributor. Upon completion of the Arrangement, Aphrias current Chairman and Chief Executive Officer, Irwin D. Simon, will lead the Combined Company as Chairman and Chief Executive Officer. To access the recording dial (855) 859-2056 and use the passcode 4334816. TLRY, The record date for determining the Aphria Shareholders and the Tilray Stockholders entitled to receive notice of and vote at the Aphria Meeting and the Tilray Meeting, respectively, was . The combined . Operational Efficiencies Expected to Generate Approximately US$81 Million Annual Pre-Tax Cost-Saving Synergies for New Tilray Within Eighteen Months, Irwin D. Simon, Aphrias Chairman and CEO, will Lead the New Tilray and Has Appointed New Executive Leadership Team; New Members of the Board of Directors Also Appointed, New Tilray Poised to Transform the Global Cannabis Industry as a Consumer Packaged Goods Powerhouse with a Diversified Portfolio of Leading Brands, Renewed Financial Strength to Drive Accelerated Growth Strategy and Sustained Profitability, Tilrays Shares Will Continue Trading on the NASDAQ Under Symbol TLRY; Starting May 5, 2021, Tilrays Shares Will Commence Trading on the Toronto Stock Exchange Under Symbol TLRY. 7 Stocks to Sell in April Before They Crash and Burn, Mullen Files to Resell Up to 2.1 Billion Shares of MULN Stock, 7 Dividend Stocks to Buy That Are Backed by Strong Cash Flows, 3 Reasons Why the Aphria-Tilray Merger Will Be a Winner. Many factors could cause actual results, performance or achievement to be materially different from any future forward-looking statements. 5 Hypergrowth Stocks With 10X Potential in 2023, spending is expected to hit a hefty $55.9 billion by 2026, spending to hit $41 billion by 2025, which would represent a 21% CAGR, One Little-Known Tech Stock Could Be the Next Big Thing in 2023, NIOs New Expansion Plans: What It Means for Investors, Louis Navellier and the InvestorPlace Research Staff. Toronto-listed Aphria shares were virtually flat at $17.81. Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The Aphria management information circular and the Tilray proxy statement will be mailed to the Aphria and Tilray shareholders, respectively, as well as be accessible on the SEDAR and EDGAR profiles of the respective companies. We are bringing together two world-class companies that share a culture of innovation, brand development and cultivation to enhance our Canadian, U.S., and international scale as we pursue opportunities for accelerated growth with the strength and flexibility of our balance sheet and access to capital, said Mr. Simon. The board of directors will consist of nine members, seven of which, including Mr. Simon, are current Aphria directors and two of which will be from Tilray, including Brendan Kennedy, and one of which is to be designated. Price as of April 18, 2023, 10:34 a.m. After the merger completion, the new . Even Amazon has supported the federal legalization of marijuana. Tilray (NASDAQ: TLRY) shareholders will vote on the all-stock merger with Aphria (NASDAQ . Following completion of the Arrangement, Aphria will become a wholly-owned subsidiary of Tilray, with Aphria shareholders owning approximately 62 percent of Tilray. In Portugal, Tilrays EU-GMP cultivation and production facility will provide the Combined Company with the capacity to cultivate and produce medical cannabis products in order to meet international demand and has export capabilities, which provides tariff-free access to the EU. The Company expects to deliver approximately US$81 million (C$100 million) of annual pre-tax cost synergies within eighteen months and plans to achieve cost synergies in the key areas of cultivation and production, cannabis and product purchasing, sales, and marketing, and corporate expenses. According to research from BDSA, the spending is expected to hit a hefty $55.9 billion by 2026. While Tilray investors have kept their shares after the merger, Aphria stockholders received 0.8381 Tilray shares for each Aphria share that they held. View the full release here: https://www.businesswire.com/news/home/20201216005519/en/. However, it looks a good buy now given the strong fundamentals of the new entity. Value for Tilray shareholders. Forward-looking statements involve significant known and unknown risks and uncertainties. Meanwhile, oldmaninvestor has pointed out that Aphria stock should be trading at $56.82 based on that ratio, more than twice what the stock is currently trading at. That also suggests cash might get tight in the future. Tilrays London, Ontario facility will also provide Aphria with excess capacity to increase production of additional form factors including their branded edibles and beverages. Also, after the merger, Tilray has diversified operations and hopes to realize significant synergies from the merger. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Then there is the thriving medical business, which has a global footprint. Words such as forecast, future, should, could, enable, potential, contemplate, believe, anticipate, estimate, plan, expect, intend, may, project, will, would and the negative of these terms or similar expressions identify forward-looking statements, although not all forward-looking statements contain these identifying words. Under the terms of the Arrangement, the shareholders of Aphria (the "Aphria Shareholders") will receive 0.8381 shares (the "Exchange Ratio") of Tilray for each Aphria common share (each . Tilray just purchased another Canadian marijuana business. Jefferies LLC is serving as financial advisor and DLA Piper LLP (US), DLA Piper (Canada) LLP and Fasken Martineau Dumoulin LLP are acting as legal counsel to Aphria. Tilray - Bestes Cannabis Unternehmen? The global cannabis cultivation market size is expected to reach USD 1,844.1 billion, expanding at a CAGR of 21.3% from 2023 to 2030. Cost basis and return based on previous market day close. 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