Wednesday, July 2, 2025

Aphria Reports Independent Proxy Firms Approve Of Tilray Merger

Aphria Inc (TSX: APHA) (NASDAQ: APHA) is evidently looking to drum up shareholder support for its proposed transaction with Tilray Inc (NASDAQ: TLRY). The firm this morning released that two separate proxy advisory firms have provided favourable voting recommendations to institutional investors for the transaction.

The two firms, Institutional Shareholder Services, and Glass Lewis and CO, have reportedly recommended that shareholders voting in favour of the transaction. In reaching its conclusion, ISS reportedly highlighted US$78 million in pre-tax cost synergies within two years of the transaction closing as well as the pro-forma revenue figures as being a large part of its positive recommendation. Also highlighted was the pro-forma European operations that include both cultivation and distribution across the EU.

Glass Lewis meanwhile was much less specific in its conclusion, instead referencing that the transaction implies “a standard market premium,” for both entities within the transaction.

Shareholders are set to vote on the transaction on April 14 at a special meeting.

Aphria Inc last traded at $22.75 on the TSX.


Information for this briefing was found via Sedar and Aphria Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Tilray Brands Shares Soar On Fiscal 2024 Growth, Driven by Diversification and Acquisitions

Tilray Brands (TSX: TLRY) has announced its financial results for the fourth quarter and fiscal...

Tuesday, July 30, 2024, 12:20:00 PM

Week Ahead: Big Name Earnings To Dominate The Headlines

The upcoming week is going to be a busy one, as markets await first quarter...

Sunday, April 11, 2021, 05:30:00 PM

Tilray Q2 Earnings: What’s the Plan Here?

Another quarter, and another loss for Tilray Brands (TSX: TLRY) shareholders who are left wondering...

Sunday, January 19, 2025, 11:28:00 AM

Aphria: Canaccord Downgrades Company To Hold From Speculative Buy

Earlier this week, it was announced that Aphria Inc (TSX: APHA) (NASDAQ: APHA) and Tilray...

Friday, December 18, 2020, 12:05:00 PM

Molson Coors Exits Cannabis Business With Divesture Of Truss Beverage Co To Tilray Brands

It appears that Molson Coors (NYSE: TAP) no longer wishes to be associated with cannabis...

Friday, August 18, 2023, 08:38:30 AM