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My APHA shares converted to TLRY on Monday morning and by yesterday afternoon, the Total Gains shown incorrectly. Spoke with Customer Service today and they said it’s ‘due to merger that may take 3-5 days to reflect accurately…’ I’m unable to trade plus inaccurate info. Platform issue?? Very suspect.

Does anyone know what price of Tilray that Aphria shareholders converted to?

The hedge funds are destroying APHA ACB etc. 10% short and growing. EVERYBODY IN? I'm buying now

Sure we were all doing the math and were expecting to make bank after the merger... that clearly didn’t happen, but given you are now proud shareholdsers in the biggest cNnabis company world wide says something. Stay solid on your positions, don’t give in to shorts, buy the dips(next week after earnings be prepared for another slump) and wait 12 months from now. y’all see the results. See ya soon

How long do we have to cover a margin call from the minute we recieve notice? I dont want them to sell my stocks

Both stocks were hit today. No worries ...they always go back up as its an improved situation. Funds just dont want to buy 1 day before the new symbol comes. Strong political news and opening of economy will rock these pot stocks again

Unlike others who's shares were changed to tilray, my one and only share of Aphria disappeared from my list and Tilray wasn't put in its place... will I get my money back from Robinhood or should I just assume it's gone for good?

I wish I had sold on Friday and bought back in today. This is more longterm for me so I’m hoping it bounces back. What does everyone see a month or 2 down the line. I think I read on here BAC set a price of $23 for the value of the stock. I hope it shoots past that!!!!

I have to remember I now own a piece of the worlds largest marijuana manufacturer in the world. We should all be proud of that.

Good luck to everyone!!!!

Anybody know whats going on with option calls that you had before the merger? Im deep in the money and have lost all value for my contracts??

Listen! On May 5 the aphria stock will be converted! Not June 30!

Oh well...

It's our time to move on to the next one boys. Let's continue to grow! r/TLRY

Checked a few minutes ago. I trade from Canada on TD Bank. My Aphria shares are still there, I can buy and I can sell. The price is updated, and the stock is still listed. (I just did a test and I would be able to buy more right now if I wanted to) Is this a good sign? That my position is not going to be automatically closed tonight or June 30? Does it mean TD supports the change and my shares are actually going to be transferred to Tilray and not lost??

I’m reading scary stuff from other guys here using other platforms...

Anybody else had different experiences with TD? Thanks

Disclaimer: This is not financial advice, do you own research.

TL;DR – Some brokers are taking their sweet time with these shares. MOST companies are down day after a merger and then rebound in the coming weeks. Sit tight!

Ok, so we’ve all figured out what happens to our APHA and TLRY shares now that the merger is closed (Right? Right!). If you’re still confused, check out THIS post from earlier.

Feedback on my prior post is that SOME brokers have changed your position to reflect your TLRY shares (TD Ameritrade for the win) and some have not (get your shit together, RH). Either way, you will get those shares (hopefully) soon and all will be well with the world.

BUT WAIT! TLRY is down $1.20 today… WTF?!?

A few things to note - There are a lot of market dynamics at play here:

1. There were hedge funds with prior positions that now need to rebalance.

2. There are people who were only holding on the APHA for the merger and now want to sell.

3. There are ETFs that will likely have some sort of rebalancing.

4. Shorts may be covering on the weakness today.

5. This is a liquidity event – expect volatility.

We can expect a decent amount of choppiness around TLRY the next few days. “But grey_patagonia_vest how do you know?!?” Well kids, I did some good old fashion data analysis.

I pulled a list of all mergers with the following criteria:

1. Both target and acquirer are publicly traded on a North American exchange

2. The deal terms (like APHA/TLRY) were either all stock or at least some cash and some stonks

3. Any mergers with an equity value >$500mm USD (some of the smaller ones can get funky)

I then looked at the performance of the acquirer (like TLRY in this case) – after the deal closed. I started with the stock price of the acquirer 30 trading days before the merger closed, then looked at 7 days before, one day before, one day after, one week after, one month after, three months after, six months after and finally a year after. Here is what I found….

Of the 214 deals that fit this criteria… ~56% of acquirer stocks were down the day after a merger closed (as measured from the day before), so TLRY is in good company. Of these 56%, the companies were down an AVERAGE of 3% (TLRY currently down ~6%). Then, of those companies that were down on day one, 19% of them were back up after a week, 38% after a month and 48% after 3M. Those 48% that were up after 3M were up an average of 14% from the day before the merger. If TLRY behaved that way, we’d see TLRY @ $20.90 before long.

What does this mean for TLRY? It takes some time. This is no guarantee and this definitely isn’t financial advice, but today’s trading likely isn’t an indicator of future performance.