Aphria Tilray Deal Is On

We noted this yesterday in one of our video postings. It’s obviously official now as it seems people can talk about nothing else.

We presume the next set of announcements will be that a heap of people will be losing their jobs either just before or after Christmas (always the favoured time to make people’s lives even more miserable than they crrently are) and they’ll be closing down lots of greenhouses too.

Don’t start me on the resources waste over the years.

Bloomberg report

Aphria, Tilray Combine to Create Biggest Cannabis Company

Tilray Inc. and Aphria Inc. agreed to combine their operations, forming a new giant in the fast-growing cannabis industry.

The all-stock deal, which puts together two of the market’s best known names, will create an entity with an equity value of about C$4.8 billion ($3.8 billion), according to a statement and interviews late Tuesday with Tilray and Aphria leaders. The combined group’s 12-month sales of C$874 million surpasses that of industry leaders such as Curaleaf Holdings Inc. and Canopy Growth Corp.

Full Report

https://www.bloomberg.com/news/articles/2020-12-16/aphria-tilray-announce-deal-to-create-biggest-cannabis-company

Aphria, Tilray to form biggest global cannabis company by revenue

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