Cannabis companies Tilray, Aphria in merger talks, deal could be announced tomorrow
There could be a merger in the pot space announced tomorrow. With CNBC’s Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Pete Najarian and James McDonald. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
The Canadian cannabis companies will combine in an all-stock deal that will create the world’s biggest cannabis producer. Aphria shareholders will hold 62% of the combined company, with the company paying a 23% premium over Tilray’s Tuesday closing price. Tilray shares surged 30%, while Aphria shares jumped more than 8% in the premarket.
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