Tilray stock soars after reverse merger deal with Aphria, to create largest global cannabis company
Aphria shareholders will own 62% of combined company, which is expected to be the largest global cannabis company
Shares of Tilray Inc. soared Wednesday, after the company announced an agreement to merge with Aphria Inc., in a deal that is expected to create the world’s largest cannabis company by revenue, and with a combined equity value of about $3.9 billion.