APHA - Aphria Tilray merger to capitalize on changing legal landscape for cannabis use in the U.S.

‘A cornerstone within our U.S. strategy,’ is how Irwin Simon, the CEO of Canadian cannabis player Aphria (APHA) identified its acquisition of the U.S.-based craft brewer SweetWater Brewing Company. The deal valued at $300M was closed in November.Blockbuster merger and legislative changesA lot has changed since then. In December, Aphria merged with its U.S.-listed rival Tilray (TLRY) to create the world’s largest cannabis player in terms of sales.“When U.S. regulations allow, the combined company expects to be well-positioned to compete in the U.S. cannabis market,” two firms said in a joint statement announcing the merger which is expected to close within weeks.“In the U.S., we believe the recent election will likely provide a stronger near-term potential for change in federal cannabis regulations, and at Aphria we are ready and well-positioned for it,” noted Aphria’s chief corporate affairs officer Tamara Macgregor on an earnings call in January.The industry has benefitted from recent political developments. With the new

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Aphria Tilray merger to capitalize on changing legal landscape for cannabis use in the U.S.