3 Top TSX Stocks to Buy With $3,000 in April 2021, 5 of the Best TSX Dividend Stocks to Buy Under $100, Highly Speculative Hive Stock Continues to Intrigue Investors, TFSA Investors: 2 Cheap Dividend Stocks I’d Buy Now. The challenge of coordinating previously independent businesses makes evaluating the business and future financial prospects of the Combined Company difficult. Aphria’s shareholders are set to vote on the transaction on Wednesday, and Tilray’s will vote on Friday. Ultimately, only time will tell. Tilray and Aphria shareholders vote on their merger in mid-April. In connection with the Arrangement, Aphria and Tilray have filed a joint proxy statement/management information circular (the "Circular") containing important information about the Arrangement and related matters. Of course, stock prices can change, and they do fluctuate all the time. Whether or not you plan to virtually attend the Meeting, please vote as soon as possible by one of the methods described in the proxy materials to ensure that your Shares are represented and voted at the Meeting. Aphria to Host Special Meeting of Shareholders on Wednesday, April 14, 2021 to Approve Proposed Aphria-Tilray Business Combination. The merger between Tilray and Aphria should drive higher revenue and better margins. Anti-Trust Clearances Received and … After the merger, the combined entity will generate $874 million in sales, making it the largest Canadian cannabis company. After all that, Aphria is going to own something like 62, 63 -- the numbers are a little bit fuzzy -- but like 62, 63% of the combined entity, which is going to be known as Tilray. Fool contributor Andrew Button has no position in any of the stocks mentioned. Aphria, Tilray announce deal to create world’s largest cannabis company; London facility expected to see bigger role Photo: Tilray’s High Park London facility at 300 Sovereign Road LEAMINGTON-BASED APHRIA Inc. and Nanaimo, B.C.-headquarted Tilray Inc. confirmed Wednesday they have agreed to join forces in a blockbuster deal uniting two of the biggest names in the legal cannabis … Not to alarm you, but you’re about to miss an important event. Factors that may cause such differences include, but are not limited to, risks assumptions and expectations described in Aphria's and Tilray's critical accounting policies and estimates; the adoption and impact of certain accounting pronouncements; Aphria's and Tilray's future financial and operating performance; the competitive and business strategies of Aphria and Tilray; the intention to grow the business, operations and potential activities of Aphria and Tilray; the ability of Aphria to complete the Arrangement; Tilray's ability to provide a return on investment; Tilray's ability to maintain a strong financial position and manage costs, the ability of Aphria and Tilray to maximize the utilization of their existing assets and investments and that the completion of the Arrangement is subject to the satisfaction or waiver of a number of conditions as set forth in the arrangement agreement entered into between Aphria and Tilray dated December 15, 2020, as amended on February 19, 2021 (the "Arrangement Agreement"). If the merged entity is worth the same as both companies together, then it’s worth about $9 billion at today’s prices. Aphria, which is expected to close its deal to merge with Tilray Inc. sometime in the current quarter, said it posted adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $12.7 million, little changed from the prior quarter. Actually, not all of the signs point towards a Tilray-Aphria merger being an automatic buy. February 21, 2021 at 5:43 pm. Additionally, Aphria will file other relevant materials in connection with the Arrangement with the applicable securities regulatory authorities. Looking for great stocks? If you have questions or need more information about the Arrangement, please contact Aphria's shareholder communications advisor and proxy solicitation agent, Laurel Hill Advisory Group, by telephone at 1-877-452-7184 toll-free in Canada or 416-304-0211 for international calls or by e-mail at [email protected]. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. ", Mr. Simon, concluded, "As a Combined Company, we expect to continue to pursue future strategic M&A transactions in the U.S. or internationally across the branded consumer products and medical cannabis industry that are accretive and can parlay into complementary cannabis products offerings when the opportunities present themselves. Institutional Shareholder Services Inc. and Glass Lewis and Co., LLC say they support the deal announced in December, that will see Aphria receive 0.8381 shares of Tilray for each Aphria … Tilray and Aphria share prices are up substantially since the merger deal announcement, yet the prospects of the business haven't improved meaningfully. Follow | Archive Canadian cannabis producers Aphria Inc. and Tilray Inc. are in advanced talks to combine, with an announcement possible as early as this week, according to sources familiar with the matter. Legalization was somewhat disappointing, because it didn’t lead any of the major Canadian producers to profitability. Since the merger between Aphria (APHA) and Tilray (TLRY) was announced on December 16, 2020, the two stocks have traded apart and resulted in a … Aphria (NASDAQ:APHA) and Tilray (NASDAQ:TLRY) expect to close their planned merger in the second quarter of this year. Other risks and uncertainties not presently known to Aphria or that Aphria presently believes are not material could also cause actual results or events to differ materially from those expressed in the forward-looking statements contained herein. For more proprietary Merger Arbitrage Limited content and analysis on this buyout, click either Tilray (TLRY) or Aphria (APHA). Aphria merges with Tilray. Today, we’ve got an even bigger development underway for the cannabis industry: legalization in the United States. Markets welcomed the news as a … Quite likely, this will lead to increased revenue for cannabis companies. So basically we can consider it a reverse merger. To be counted at the Meeting, a Shareholder's voting instructions must be received by 4:00 p.m. (Eastern time) on Monday, April 12, 2021, or if the Meeting is postponed or adjourned, at least 48 hours (excluding non-Business Days) prior to the date of the postponed or adjourned Meeting). Tilray Inc. and Aphria Inc. have agreed to an all-stock merger, which would create the world's largest cannabis company by sales. The merger between Aphria (TSX:APHA) (NYSE:APHA) and Tilray (NASDAQ:TLRY) is set to close soon. from 8 AM - 9 PM ET. If you believe it will be yes vote, do you buy TLRY stock or APHA? Post-merger, Aphria shareholders will … In December 2020, Tilray (TLRY) and Aphria (APHA) announced their reverse merger. There can be no assurance as to when these conditions will be satisfied or waived, if at all, or that other events will not intervene to delay or result in the failure to complete the Arrangement. When typing in this field, a list of search results will appear and be automatically updated as you type. Tilray is physically located in the United States, which may provide advantages in procuring supply deals in the country. Perhaps the most important catalyst for Tilray is the transformative merger with rival, Aphria (NASDAQ: APHA). Returns since inception, October 2013. Headquartered in Leamington, Ontario, Aphria cultivates, processes, markets and sells medical and adult-use cannabis, cannabis-derived extracts and derivative cannabis products in Canada under the provisions of the Cannabis Act and globally pursuant to applicable international regulations. Aphria is currently headquartered in Leamington, Ont. Currently, Tilray's shares are trading higher than Aphria's. One point in favour of investing in Aphria is the fact that cannabis is being legalized in the United States. © 2021 The Motley Fool Canada, ULC. This month, the two companies will be meeting to … Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $49 a share. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. The combined company would continue to operate under the Tilray name with Simon as … Andrew Button | April 8, 2021 | More on: TLRY APHA APHA. Aphria and Tilray agree to join forces, creating the world’s biggest marijuana production and distribution company with a combined value of nearly $4 billion. Aphria merges with Tilray. Aphria merges with Tilray. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. And Aphria/Tilray is perfectly positioned to serve them. Last month, Aphria announced a merger with Tilray (NASDAQ:TLRY) in an all-stock deal likely to close in the second quarter of 2021. After Canada legalized marijuana, cannabis stocks broadly underperformed. Proposed Aphria-Tilray merger wins support of two proxy advisory firms. Aphria and Tilray to merge, will use Tilray name and explore U.S. market 2020-12-16 4 injured, 2 in custody following shooting on O'Chiese First Nation in Alberta I understand I can unsubscribe from these updates at any time. Aphria and Tilray announced they will be merging to create a leading global company accrediting cannabis communities worldwide. NewsWatch To profit from planned merger of Tilray and Aphria, buy Aphria, says this analyst Published: Feb. 16, 2021 at 12:00 p.m. The recent proxy filing on March 12 by Tilray (page 1) shows that the Aphria shareholders will end up owning 62.1% of the combined company. Revenue increased dramatically, but the big companies’ net losses mostly only got worse. Aphria uses words such as "forecast", "future", "should", "could", "enable", "potential", "contemplate", "believe", "anticipate", "estimate", "plan", "expect", "intend", "may", "project", "will", "would" and the negative of these terms or similar expressions to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Certain material factors or assumptions were used in drawing the conclusions contained in the forward-looking statements throughout this news release, including the ability of Aphria and Tilray to receive, in a timely manner and on satisfactory terms, the necessary shareholder and court approvals for the Arrangement, the conditions to closing of the Transaction and other expectations and assumptions concerning the Arrangement. The Board of Directors of Aphria (the "Board of Directors") has unanimously recommended that Shareholders vote FOR the special resolution (the "Aphria Resolution") approving the previously announced arrangement (the "Arrangement") to be completed pursuant to the Business Corporations Act (Ontario), pursuant to which, among other things, Tilray, Inc. ("Tilray", and following the Arrangement, the "Combined Company") will acquire all of the outstanding Shares and the Shareholders will become holders of shares of Tilray ("Tilray Shares"). The two companies are eyeing up to $100 million in annualized cost savings by joining forces, while Aphria would produce the bulk of the combined entity's Canadian cannabis inventory to fully utilize its 1.3 million square-foot greenhouse in Leamington, Ont., the sources said. The Circular has been mailed to Shareholders and is accessible on Aphria's SEDAR and EDGAR profile. Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune. Aphria merges with Tilray. Investors and security holders of Aphria are able to obtain a free copy of the Circular, as well as other relevant filings containing information about Aphria and the Arrangement, including materials incorporated by reference into the Circular, without charge, under Aphria's profile on SEDAR at www.sedar.com or from Aphria by contacting Aphria's investor relations at [email protected]. Tilray and Aphria are set to approve the merger at shareholder meetings next week. According to Aphria, it will be the largest by revenue. This … This is your chance to get in early on what could prove to be very special investment advice. For a more detailed discussion of risks and other factors, see the most recently filed annual information form of Aphria made with applicable securities regulatory authorities and available on SEDAR and EDGAR. How the Tilray-Aphria merger should work Both Aphria and Tilray shares soared in mid-December, when the two companies first announced their merger. By the time the Aphria/Tilray merger closes, both stocks could be worth less than they are today. Aphria shareholders will receive 0.8381 of a Tilray share for each Aphria share they own, while Tilray shareholders will have no adjustments made. Tilray would acquire Aphria and the new entity would trade under the "TLRY" ticker symbol. Last month, Aphria announced a merger with Tilray (NASDAQ:TLRY) in an all-stock deal likely to close in the second quarter of 2021. Tilray Should Come Out of its Aphria Merger Stronger TLRY might be profitable after synergies, but investors may be able to buy TLRY stock cheaper By Mark R. … Cision Distribution 888-776-0942 Your vote is important regardless of the number of Shares you own. The merger between Aphria (TSX:APHA) (NYSE:APHA) and Tilray (NASDAQ:TLRY) is set to close soon. Regarding Tilray, it … From there, the blockbuster merger took more than a year to finalize: Talks were placed on … Under the structure of the transaction, at closing, Tilray, Inc. (“Tilray”) will issue new shares of Tilray in exchange for all of the outstanding shares of Aphria Inc. (“Aphria”) and the Tilray and Aphria businesses will be combined. Home » Investing » Aphria Inc (TSX:APHA): Should You Buy the Cannabis Mega-Merger? For more information, visit: aphriainc.com. Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content. Both cannabis stocks have been big … The Tilray Merger: In December, Aphria kicked off negotiations to merge with Tilray Inc. (NASDAQ:TLRY). Breaking News by Alan Brochstein, CFA. Consider these: Just Released! Because the merger is share-for-share, the … Taken together, these factors point to the possibility of Apria/Tilray being a major player in the new U.S. recreational weed market. So, buying Aphria now and shorting Tilray is a good short-term bet for making a profit when the merger completes. Many factors could cause actual results, performance or achievement to be materially different from any future forward-looking statements. LEAMINGTON, ON, April 9, 2021 /PRNewswire/ - Aphria … Forward-looking statements involve significant known and unknown risks and uncertainties. This release is being made in respect of the proposed Arrangement involving Aphria and Tilray pursuant to the terms of an Arrangement Agreement and may be deemed to be soliciting material relating to the proposed Arrangement. Yesterday, Canopy Growth Corporation (WEED.TO) (CGC) announced a definitive agreement to acquire Canadian cannabis producer The Supreme Cannabis Company, Inc. … All rights reserved. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, www.virtualshareholdermeeting.com/APHA2021. The biggest event in the cannabis space since legalization, Aphra/Tilray’s merger has major implications for investors. The Tilray Merger: In December, Aphria kicked off negotiations to merge with Tilray Inc. (NASDAQ:TLRY). Institutional Shareholder Services Inc. and Glass Lewis and Co., LLC say they support the deal announced in December, that will see Aphria receive 0.8381 shares of Tilray for each Aphria … Certain information in this news release constitutes forward-looking information or forward-looking statements (together, "forward-looking statements") under Canadian securities laws or within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. The merger between Aphria and Tilray is expected to be completed in 2021's second quarter, subject to regulatory approval. Aphria's mission is to be the trusted partner for its patients and consumers by providing them with a cultivated experience and health and wellbeing through high-quality, differentiated brands and innovative products. Don't miss out! This news release is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. The stocks are up substantially since the deal announcement, yet the … A lot of that was due to non-cash charges like asset impairment. Just recently we saw New York make its move. They didn't delve into the reasons why, but I suspect because Tilray is a more recognized name. The merged company is expected to retain the Tilray name and appoint Aphria Chief Executive Officer Irwin Simon as its CEO, the sources said. LEAMINGTON, ON, April 9, 2021 /PRNewswire/ - Aphria Inc. ("Aphria") (TSX: APHA) (Nasdaq: APHA), a leading global cannabis-lifestyle consumer packaged goods company, today reminds the holders (the "Shareholders") of Aphria's common shares (the "Shares") to cause their Shares to be voted in connection with the upcoming special meeting of Shareholders (the "Meeting") on Wednesday, April 14, 2021 at 4:00 pm (Eastern time). It's likely that the deal will be approved. Aphria has a $4.44 billion market cap. The Circular has been made available by Aphria on its SEDAR profile and is available on EDGAR. Simply click the link below to grab your free copy and discover all 5 of these stocks now. Aphria to Host Special Meeting of Shareholders on Wednesday, April 14, 2021 to Approve Proposed Aphria-Tilray Business Combination. December saw Tilray and Aphria announce that they will merge, creating the world’s biggest cannabis company by revenue in the process. The Meeting will take place via live audio webcast at www.virtualshareholdermeeting.com/APHA2021 on Wednesday, April 14, 2021 at 4:00 pm (Eastern time). Tilray would acquire Aphria and the new entity would trade under the "TLRY" ticker symbol. A merger of cannabis giants Aphria and Tilray is poised to create a massive shift in the marijuana industry. On-again, off-again merger talks between rival cannabis producers Tilray and Aphria had their genesis in October 2019 when an unidentified investment bank active in the marijuana space pitched a meeting between the company’s respective CEOs, according to a proxy statement filed with regulators. The forward-looking statements are expressly qualified by this cautionary statement. Aphria and Tilray to merge, will use Tilray name and explore U.S. market 2020-12-16 4 injured, 2 in custody following shooting on O'Chiese First Nation in Alberta From there, the blockbuster merger took more than a year to finalize: Talks were placed on … Last month, Aphria announced a merger with Tilray (NASDAQ:TLRY) in an all-stock deal likely to close in the second quarter of 2021. The two companies announced the plans Dec. 16, with hopes of wrapping the process up in the second quarter of 2021. It's going to be called Tilray. But most big weed companies didn’t become cash flow positive after legalization either. The deal was announced in … Aphria Inc. of Leamington, Ont., and Nanaimo, B.C.-based Tilray Inc. announced early Wednesday they are merging in an all-stock deal. This month, the two companies will be meeting to vote on the deal. In this article, I’ll explore whether it’s worth investing in the merger by buying Aphria stock today. A quick look at aphriatilraytogether.com explains why Aphria shareholders receive 0.8381 of a Tilray share for every APHA share. Box 3700 STN Industrial ParkMarkham, ON L3R 9Z9. On December 16th, Aphria (TSX: APHA) (NASDAQ: APHA) and Tilray (NASDAQ: TLRY) announced a pending stock-based merger. Planned merger. Aphria Inc. Aphria also manufactures, markets and sells alcoholic beverages in the United States. Last month, Aphria announced a merger with Tilray (NASDAQ:TLRY) in an all-stock deal likely to close in the second quarter of 2021. There hasn’t been a marijuana merger of this significance in years. While it’s not looking like Joe Biden is going to legalize marijuana anytime soon, many individual states are moving in that direction.