Canadian pot stocks Aphria (NASDAQ: APHA) and Tilray (NASDAQ: TLRY) are looking to join forces in what would be a seismic shift in the marijuana industry. On Dec. 16, both companies announced a defining agreement to merge and that the all-stock deal will close in the second quarter of next year.
Earlier this year, Aphria was also in advanced merger talks with Aurora Cannabis (NYSE: ACB) , but that deal fell through. The Tilray-Aphria deal is much more of a sure thing at this point, with both companies already eyeing a completion date. Let's take a closer look at what this transaction could mean for the industry and if investors should be buying up either of their stocks based on this news .
Image source: Getty Images.
For further details see:
Pot Stock Mega-Merger: What Should Investors Know About Aphria and Tilray?