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BRIEF-Aphria And Tilray Combine To Create Largest Global Cannabis Company

Published 2020-12-16, 07:22 a/m
© Reuters.
APHA
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Dec 16 (Reuters) - Aphria Inc APHA.TO :

* APHRIA AND TILRAY COMBINE TO CREATE LARGEST GLOBAL CANNABIS COMPANY WITH PRO FORMA REVENUE OF C$874 MILLION (US$685 MILLION)

* APHRIA INC - IMPLIED PRO FORMA EQUITY VALUE OF COMBINED COMPANY IS APPROXIMATELY C$5.0 BILLION

* APHRIA INC - COMBINED COMPANY WILL OPERATE UNDER TILRAY CORPORATE NAME WITH SHARES TRADING ON NASDAQ UNDER TICKER SYMBOL "TLRY"

* APHRIA INC - SHAREHOLDERS OF APHRIA WILL RECEIVE 0.8381 SHARES OF TILRAY FOR EACH APHRIA COMMON SHARE

* APHRIA INC - APHRIA SHAREHOLDERS WILL OWN APPROXIMATELY 62 PERCENT OF OUTSTANDING TILRAY SHARES ON A FULLY DILUTED BASIS

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