Two of the leading players in Canada’s cannabis sector have announced merger plans that will create the world’s largest weed company. Leamington ON-based
Aphria Inc. (APHA) (
TSX.APHA) and Nanaimo, BC-based
Tilray Inc. (
NASDAQ: TLRY)
announced an all-share deal giving the new cannabis behemoth a market value of CDN$4.8 billion at press time, with the two companies’ combined revenues over the past 12 months amounting to an industry-leading CDN$874 million.
Aphria will continue to operate as a wholly-owned subsidiary of Tilray, with combined corporate offices in the U.S. (New York and Seattle), Canada (Toronto, Leamington, and Vancouver Island), Portugal, and Germany.
The Market Herald Canada’s Oliver Gray has the full story
here.
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