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re: 10 Best Marijuana Stocks to Buy for 2021
Posted on 12/15/20 at 4:00 pm to cgrand
Posted on 12/15/20 at 4:00 pm to cgrand
According to Bloomberg Canada, Tilray (NASDAQ:TLRY) and Aphria (NASDAQ:APHA) are in advanced merger talks. An announcement could come as soon as this week.
Updated with more details: The merged company is expected to keep the Tilray name, but with Aphria CEO Irwin Simon as CEO, and Aphria holding a bigger stake most of the board seats. Tilray boss Brendan Kennedy will get a board seat, but not an executive operating role. Up to $100M in annualized operating synergies are hoped for.
The merged company is also seen moving its HQ to the U.S. as it focuses on winning market share in that country.
Updated with more details: The merged company is expected to keep the Tilray name, but with Aphria CEO Irwin Simon as CEO, and Aphria holding a bigger stake most of the board seats. Tilray boss Brendan Kennedy will get a board seat, but not an executive operating role. Up to $100M in annualized operating synergies are hoped for.
The merged company is also seen moving its HQ to the U.S. as it focuses on winning market share in that country.
1
Posted on 12/16/20 at 7:25 am to cgrand
TLRY moonshot
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