Monday, October 6, 2025

Latest

Aphria, Tilray Granted Regulatory Clearance Under Competition Act For Combination

Aphria Inc (TSX: APHA) (NASDAQ: APHA) this evening reported that the transaction with that of Tilray Inc (NASDAQ: TLRY) is currently slated to close in the second quarter of 2021. The combined entity currently has pro forma revenue of US$685 million on a trailing twelve month basis.

In connection with the transaction, the company this evening launched a website to convince shareholders that it is in their best interest to vote in favour of the transaction. More importantly however, the applicable waiting periods under the Hart Scott-Rodino Antitrust Improvements Act of 1976, has expired, meaning the company effectively has HSR clearance to proceed.

North of the border, the company has received what is referred to as a no-action letter from the Competition Bureau of Canada, meaning that the two firms are approved to proceed with the transaction under the Competition Act of Canada. The two clearances were part of the regulatory hurdles associated with the transaction.

Shareholder approval is still required to be granted for the transactions. Dates for these meetings have yet to be set, as per documents filed by the companies on Friday.

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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Tilray To Acquire 8 Anheuser-Busch Beverage Brands For $85 Million

Tilray Brands (NASDAQ: TLRY) has revealed its engagement in a definitive agreement to acquire eight...

Tuesday, August 8, 2023, 09:21:24 AM

Tilray: Fourth Quarter Consensus Estimates

Tilray (TSX: TLRY) (NASDAQ: TLRY) will be reporting its fourth quarter financial results on July...

Tuesday, July 27, 2021, 02:22:00 PM

Tilray Posts Q2 Earnings

Tonight after the bell, Tilray (NASDAQ: TLRY) released their second quarter earnings. Which included the...

Tuesday, August 13, 2019, 09:49:48 PM

The Public Partners of Westleaf

Westleaf Inc (TSXV: WL) is a $300 million company in which we can almost guarantee...

Monday, January 28, 2019, 02:00:06 PM

The Reality of Aphria’s 2020 $1 Billion Canadian Cannabis Sales Run Rate Guidance

This morning, Aphria Inc (TSX: APHA) (NYSE: APHA) reaffirmed on its conference call that the...

Tuesday, October 15, 2019, 08:18:42 PM