Aphria Inc. APHA

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

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Aphria Inc. > My Bank Broker just told me

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Comment by CommonCentsforDollarson May 04, 2021 11:36am

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Post# 33123547

RE:RE:RE:RE:My Bank Broker just told me

If you owned APHA on the TSX your shares will become TLRY TSX.

If you owned APHA on the Nasdaq your shares become TLRY on Nasdaq.

No tax's, no need to even discuss exchange rates.

eom
momo

Oldweed wrote:

hevin wrote: thanks, but is the conversion a taxable event? I thought not, as otherwise they'd be taxing us twice..as an apha holder to tilray, then later as a tilray holder who's selling....confused.

Oldweed wrote: The way I read the deal was TLRY would remain on Nasdaq and Canadian APHA shares would be converted to to US TLRY shares with a conversion rate of 0.8381, and some time after the merger TLRY would list on the TSX.

I'm not sure how it could be? I thought the conversion rate of 0.8381 was to account for the higher US dollar so assuming the exchange rate remained the same so would the actuall share value. The Canadian dollar is curently stronger than it was at the time of the deal so there is possibly a small capital gain due to the merger but with the pressure on the shares your balance is likely less than what you came in with so how could you possibly be taxed on the merger event if you can claim a capital loss?