5 Pot Stocks Money Managers Bought Hand Over Fist in Q4 Top 2....
Aphria & Tilray: Aggregate share ownership by 13F filers up 61% and 51%, respectively
I'm
discussing Aphria (NASDAQ:APHA) and Tilray (NASDAQ:TLRY) together because of their pending merger. Since the announcement came during Q4, it almost certainly influenced money managers' decision to buy into
both companies hand over fist.
The reverse merger, which will keep the Tilray name despite Aphria's shareholders owning a larger percentage of the combined company, will create the largest cannabis company by annual sales, broaden the duo's product offerings, and cement the combination as a force in European markets. Additionally, the scale offered by Aphria and Tilray should result in cost synergies and low production costs. Money managers appear to be viewing this combination favorably, which is why ownership rocketed higher in both names in Q4.