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Aphria Inc. APHA

Healthcare Drug Manufacturers - Major Cannabis
Aphria, which is headquartered in Ontario, produces and sells medicinal and recreational cannabis. The company operates through retail and wholesale channels in Canada and internationally. Aphria is a main distributor of medical cannabis to Germany and has operations in over 10 countries outside of Canada. However, it does not have exposure to the U.S. CBD or THC markets due to the constraints of federal prohibition. It has some U.S. exposure through the acquisition of SweetWater, a craft brewer


NDAQ:APHA - Post by User

Aphria Inc.
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Post by Humaniston Feb 08, 2021 10:38am
240 Views
Post# 32500124

SEEKING ALPHA: PLAY APHRIA LONG TLRY SHORT! READ BELOW

SEEKING ALPHA: PLAY APHRIA LONG TLRY SHORT! READ BELOW
Tilray/Aphria: The 30% Merger Arbitrage Is Tough To Play
 February 8, 2021 - 9:15 AM EST
 
 
 
  • Since the merger was announced last December, Tilray shares have detached from the merger price and are trading at a ~30% premium.
  • Merger arbitrage is best played through a paired trade (long Aphria and short Tilray); market prices indicate borrowing costs of shorting Tilray is much higher than the ~30% merger discount.
  • We remain bullish on Aphria/Tilray due to their leadership in the global cannabis industry but one should avoid buying Aphria shares simply to take advantage of the merger arbitrage.
For further details see:
Tilray/Aphria: The 30% Merger Arbitrage Is Tough To Play
 
Source: SeekingAlpha (February 8, 2021 - 9:15 AM EST)
https://marijuanaindex.com/industry-news-item/?newsId=6802071421744778

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