Tilray Inc
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Health Care : Pharmaceuticals | Mid Cap Growth
Based in Canada
Company profile

Tilray Inc is engaged in pharmaceutical sector. The Company is a supplier of cannabis products to pharmaceutical distributors. The Company is focused on medical cannabis research, cultivation, processing and distribution of cannabis products worldwide. Through its subsidiary, FHF Holdings Ltd (Manitoba Harvest) manufactures, markets and distributes hemp-based consumer products. The portfolio of Manitoba Harvest includes Hemp Hearts, Hemp Oil, Hemp Yeah! granola, Hemp Yeah! protein powder and Hemp Bliss milk. It also supplies cannabis products to patients in a number of countries spanning five continents through its subsidiaries in Australia, Canada and Germany and it produces medical cannabis in Canada and Europe.

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Proposed Acquisitions In The Marijuana Sector To Be Decided By Shareholder Votes

9:30 am ET April 26, 2021 (PR Newswire) Print

USA News Group - Aphria Inc (NASDAQ: APHA) (TSX: APHA) has seen its shareholders approve the proposed merger with that of Tilray Inc (NASDAQ: TLRY). Following the approval, Tilray is now one step closer to acquiring all the outstanding shares of Aphria.

The special meeting saw of those shares voted 99.38% in favour of the proposed transaction, thereby approving the merger arrangement.

Upon approval, shareholders of Aphria are to receive 0.8381 of a Tilray Class 2 common share for each share of Aphria held. Tilray shareholders meanwhile will continue to hold their current shares with no adjustments being conducted.

The closing of the arrangement remains subject to approval by Tilray shareholders as well as the courts. Tilray announced that the meeting has been pushed to April 30 at 11:00 AM to allow shareholders more time to vote. It's unclear what specifically caused the company to delay voting. Aphria last traded at CAD$17.67 on the TSX.

IM Cannabis and MYM Nutraceuticals

Another proposed merger is getting resistance from shareholders is the IM Cannabis (NASDAQ: IMCC) (CSE: IMCC) and MYM Nutraceuticals Inc. (OTCQB: MYMMF) (CSE: MYM). MYM Nutraceuticals, a Canadian marijuana company with nation wide distribution and impressive sales growth Q1 2021sales of CDN$1.35 million to Q2 2021sales of CDN$4.1 million, equating to a over 200% increase from the previous quarter and pulled out CDN$845,776 in EBITDA.

The Acquisition was announced April 1, 2021 and IMCC closed at C$8.89 that day valuing the 0.022 share conversion for MYM shareholders at C$0.19558 per share, that same day MYM shares closed at CAD$0.23.

Since the announcement IMCC shares have fallen over 29% to ~CDN$6.30 and over 50% since March 3, 2021 from its high of CDN$13.00. IMCC adjusted price would put the value to MYM shareholders at just over 13 cents on April 21, 2021.

A MYM Shareholder group has launched a website in opposition to the merger - https://www.shareholderaction.ca

No special meeting date for vote has been set at this point.

Article Source:

USA News Grouphttp://USAnewsgroup.cominfo@usanewsgroup.com

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this publication is not provided to any individual with a view toward their individual circumstances. This report is provided by USA News Group which is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). Individuals are strongly encouraged to not use this publication as the basis for any investment decision.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. The owner/operator of MIQ holds no shares of Aphria Inc. or Tilray Inc., but own shares in MYM Nutraceuticals Inc., and have shorted shares of IMCC and will cover this short position at anytime hereafter. We also reserve the right to buy long, or sell short, any of the stocks mentioned herein, and will buy and/or sell shares in said companies effective immediately. Individuals should assume that all information contained in any of our reports is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

USA News Group is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein. The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.

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View original content:http://www.prnewswire.com/news-releases/proposed-acquisitions-in-the-marijuana-sector-to-be-decided-by-shareholder-votes-301276754.html



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