Why is canopy still double Aphria ?? There is obviously a large gap between Aph and Tlry that will likely close before merger .
If we assume that Tlry will retrace back to a lower price somewhat equivalent to current Aphria price range ( 22- 25 cad ) can we assume that Canopy will also retrace .
To me with the pending merger complete , canopy should not be double the new Tilray share price !! If it remains in the 50 cad range, I feel the new Tilray will quickly move upwards closing that huge gap .
If this were so ,our new shares should be probably in the 40+ cad range .
Thoughts ,anyone ???