Tilray Brands Inc

+0.07 (+2.80%)
Mergers / Acquisitions, Equity Financing / Related

Aphria And Tilray Combine To Create Largest Global Cannabis Company

Published: 12/16/2020 12:26 GMT
Tilray Brands Inc - Ordinary Shares - Class 2 (TLRY) - Aphria and Tilray Combine to Create Largest Global Cannabis Company With Pro Forma Revenue of C$874 Million (us$685 Million).
Aphria Inc - Implied Pro Forma Equity Value of Combined Company is Approximately C$5.0 Billion.
Aphria Inc - Combined Company Will Operate Under Tilray Corporate Name With Shares Trading on Nasdaq Under Ticker Symbol "tlry".
Aphria Inc - Shareholders of Aphria Will Receive 0.8381 Shares of Tilray for Each Aphria Common Share.
Aphria Inc - Aphria Shareholders Will Own Approximately 62 Percent of Outstanding Tilray Shares on a Fully Diluted Basis.