Aphria and Tilray Combine to Create Largest Global Cannabis Company With Pro Forma Revenue…Posted by On

LEAMINGTON, Ontario & NANAIMO, British Columbia–(BUSINESS WIRE)–Dec 16, 2020–

Aphria Inc. (“ Aphria ”) (TSX: APHA and Nasdaq: APHA ), a leading global cannabis company inspiring and empowering the worldwide community to live their very best life, and Tilray, Inc. (“ Tilray ”) (Nasdaq: TLRY ), a global pioneer in cannabis research, cultivation, production and distribution, today announced that they have entered into a definitive agreement (the “ Agreement ”) to combine their businesses and create the world’s largest global cannabis company (the “ Combined Company” ) based on pro forma revenue 1. The deal is pursuant to a plan of arrangement (the “ Arrangement ”) under the Business Corporations Act (Ontario), and the implied pro forma equity value of the Combined Company is approximately C$5.0 billion (US$3.9 billion), based on the share price of Aphria and Tilray at the close of…

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