The largest cannabis company in the world will be formed when Aphria & Tilray merge. CNBC’s Jim Cramer talks to David Faber. Subscribe to CNBC PRO for access to investor and analyst insights:
An all-stock deal will be made between the Canadian cannabis companies to create the largest cannabis producer in the world. Aphria shareholders will own 62% shares in the combined company. The company will pay a 23% premium to Tilray’s Tuesday closing prices. Tilray shares rose 30%,, while Aphria shares increased more than 8% in premarket.
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