Tilray Acquires Aphria to Create New Tilray (Business Combination)
May 3, 2021
Tilray and Aphria completed their previously announced business combination, with Aphria shareholders receiving 0.8381 Tilray shares for each Aphria common share. The combined company will operate as Tilray, creating a global cannabis consumer packaged goods leader with expanded geographic footprint, product portfolio and targeted annual pre-tax cost synergies of approximately US$81 million.
- Buyers
- Tilray, Inc.
- Targets
- Aphria Inc.
- Sellers
- Aphria shareholders
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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