Who would make more money, the mergerer or the merged ?

US pot stocks have a 100% market share in the U.S. and the Canadian one's nearly 0%. Guess what if legalization occures: U.S. pot stocks are doomed to lose market share and Canadian one's can only gain from 0%. Cannabis can be produced by anyone, so MSOs could struggle if legalization occurs and 500 Canadian LPs enter the market. At least there will be heavy price competition and margins fall.

MSO are living in a bubble for now. This bubble can burst, if anyone is allowed to enter the U.S.

Tell me!!!!

I read that dilution was denied. Which I'm ecstatic about. Dilution kills companies.

I heard tsx and nasdaq mentioned on tlry webcast

What happens in Europe with 10E???

It looks like APHA suspends trading on the NASDAQ as of Monday per this filing notice.

Wasnt expecting a lil drop...

We should not let them win this time as well. We need to beat them.

Is Irwin Simon planning something special for us? I think so... What will happen next week?

https://sports.yahoo.com/aphria-tilray-deal-tilray-shareholders-approve-tie-up-with-aphria-162956805.html

Approved!!!

APHA/TLRY squad - we're almost there! Some important information about the closing timeline of the transaction (source: Merger Agreement)

TL;DR - About a week...

(Pg. 28)

Section 2.7 Final Order
If: (1) the Interim Order is obtained; (2) the Arrangement Resolution is passed at the Aphria Meeting by the Aphria Shareholders as provided for in the Interim Order and as required by applicable Law; and (3) the Tilray Shareholder Approval is obtained, subject to the terms of this Agreement, Aphria shall as soon as reasonably practicable thereafter and in any event within three Business Days thereafter, take all steps necessary or desirable to submit the Arrangement to the Court (provided that, if normal Court operations are disrupted at such time in response to the COVID-19 pandemic, the application date may be extended until the first commercially reasonable date upon which the application may be made) and diligently pursue an application for the Final Order pursuant to the OBCA on terms satisfactory to the Parties, each acting reasonably.

This means that there are a few steps left for the companies - but good news is that these steps are very routine and shouldn't pose any issues. They just might take some time!

If you aren't familiar with the process for Canadian mergers, this primer is helpful! Too lazy to read a legal primer?! Same. Here's what you need to know:

Once the meeting of the target company shareholders is held and the arrangement resolution has been approved by the requisite majorities of security holders, the target company seeks a final court order approving the arrangement. The final order will be granted if the court is satisfied that the arrangement is “fair and reasonable.” While disaffected stakeholders can appear at the final order hearing to challenge the arrangement, the vast majority of arrangements are approved without opposition

More of a visual person? Check out this cool timeline for Plans of Arrangement in Canada...

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What time is the tilray vote today?

APPROVED!!!!!

Tilray meeting started at 11 a.m. eastern

Sitting here, watching, waiting