Skip to main content

Aphria, Tilray seek shareholder approval for merger

Aphria noted that it has received the requisite regulatory approvals to complete the transaction and is urging shareholders to vote in favor of the merger. 
salazar

Aphria and Tilray are calling special meetings of their respective shareholders to get the go-ahead on their merger to create the world’s largest global cannabis company.  Aphria’s meeting is scheduled for April 14 and Tilray has slated its shareholder meeting for April 16. 

Aphria noted that it has received the requisite regulatory approvals to complete the transaction — which will see Aphria shareholders receive 0.84 shares of Tilray for each of their shares in Aphria — and is urging shareholders to vote in favor of the merger. 

"We are excited to advance closer towards the completion of our complementary and highly scalable strategic transaction with Tilray,” said Irwin Simon, Aphria chairman and CEO, who will have the same roles at the combined company. “On behalf of our board of directors, we recommend Aphria Shareholders vote for the resolution required to approve the business combination with Tilray. We continue to believe our combined business strengths and capabilities will help us to connect more effectively with new and existing consumers and patients across Canada and internationally. Together, we expect the combined company to have a strong financial profile, low-cost production, leading brands, distribution network and unique partnerships, positioning us to deliver sustainable value for all stakeholders."

The company will need at least two-thirds of the votes cast at the meeting to be in favor of the merger for it to be approved. Tilray’s meeting will see shareholders voting on increasing the company’s authorized common stock and issuing Tilray shares to Aphria shareholders pursuant to the agreement, approve compensation related to the agreement. 

The companies said that the merger will create a company with pro forma revenue of $685 million for the past 12 months, a strategic footprint and operational scale to make it competitive in the consolidating cannabis market, and the potential for enhanced CPG presence in the United States. The two big brands in the United States will be SweetWater and MAniutobe Harvest, the latter of which is a pioneer in branded hemp, CBD and wellness products with access to 17,000 North American stores. 

With shareholders’ blessing, the companies expect the merger to be completed on or about April 20. 

Most Popular Content

Kroger Adds In-Store Flyers to Simplify Access to Digital Deals

The move means loyalty members no longer need the retailer app to access digital coupons. Stop & Shop also made a similar move.
kroger

Kroger Expands In-Store Media Solutions

Digital screens built into integrated fixtures, such as endcaps, will begin appearing across select Kroger stores. Browse gallery of images sent to P2PI.
Kroger Barrows Connected Store Thumbnail

Retail Media Levers: Where Brands Can Focus to Prepare for Their Next Leap

Industry insiders weigh in on a variety of topics to help brands prepare for what's next in retail media, including loyalty, talent and self-service capabilities.
retail media

Top Retail Media Stories From June 2025

Kroger, CVS, Albertsons and others shared retail media-related advancements, collaborations and news during the month.
kroger retail media

Bodyarmor, Slim Jim, Valvoline & Others Target Summer Road Trippers

Get an inside look at GSTV’s first “Summer of Drive” campaign, which blends branded content, at-the-pump activations and measurement tools.
gstv summer of drive
X
This ad will auto-close in 10 seconds