Aphria Inc. and Tilray, Inc. announce definitive agreement to combine and create the world’s largest global cannabis company This includes leveraging Aphria and Tilray’s proven distribution networks in Canada to sell SweetWater’s 420 cannabis lifestyle brand in Canada. Facebook Twitter Linkedin. by TG Branfalt. The two companies have reached a definitive agreement to combine. 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 with Tilray and Aphria leaders. Tilray Inc. and Aphria Inc. agreed to combine their operations, forming a new giant in the fast-growing cannabis industry. ENGAGEMENTS. Full story after the jump. Aphria & Tilray Merge, Form Largest Cannabis Company We see a strong strategic rationale for the combined company, which will keep the Tilray name. Aphria’sand Tilray’sability 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. ... and the ability to combine efforts in … The all-stock deal, which combines two of the industry’s best known names, will create a new entity with an equity value of about C$4. Thu / Dec 17th . Leamington, Ontario and Nanaimo, British Columbia – December 16, 2020 – PRESS RELEASE – Aphria Inc., a global cannabis company, and Tilray, Inc., a cannabis research, cultivation, production and distribution company, today announced that they have entered into a definitive agreement to combine their businesses and create the world’s largest global cannabis company based on pro forma […] The transaction is structured as a reverse acquisition, where Aphria … Aphria & Tilray Combine to Form World’s Largest Cannabis Firm. Aphria and Tilray Combine to Create Largest Global Cannabis Company With Pro Forma Revenue of C$874 Million (US$685 Million) Published. Aphria and Tilray Combine to Create Largest Global Cannabis Company With Pro Forma Revenue of C$874 Million (US$685 Million) Complementary, Scalable Medical and Adult-Use... #apha #Aphria #Tilray (Bloomberg) -- A new giant in the fast-growing cannabis industry will be created after Tilray Inc. and Aphria Inc. agreed to combine their operations. The merger between Aphria and Tilray is expected to be completed in 2021's second quarter, subject to regulatory approval. Tilray and Aphria, two licensed cannabis producers in Canada, have announced they are combining to create the world’s largest cannabis company based on pro forma revenue. 29. Dec 16, 2020 7:00AM EST.