Aphria Inc. (APHA) no longer exists as a standalone tradable stock; it completed a business combination with in May 2021. As a result, Aphria was delisted from the TSX and NYSE, and its shares were converted into Tilray shares. To gain exposure to the former Aphria business, investors now buy Tilray Brands, Inc. (TLRY) . Investment Thesis: Tilray Brands (Successor to Aphria)
: Aphria shareholders received 0.8381 shares of Tilray for each Aphria share they owned.
Investors researching Aphria should be aware of past developments that shaped the current company:
: Aphria was historically recognized for its low-cost production model and better profit margins compared to peers. Historical Context & Legal Background
: In 2018, the stock faced significant volatility following critical reports from firms like Hindenburg Research . How to "Buy" Aphria Today
Following the merger, the combined entity became the world's largest cannabis company by revenue at the time of the deal.
: The company holds a significant share of the Canadian adult-use market.