CAN: Aphria and Tilray officially enter definitive agreement to create world's largest cannabis company

Aphria and Tilray have entered into a definitive agreement to combine their businesses and create the world’s largest global cannabis company based on pro forma revenue. Upon completion of the Arrangement, Aphria’s current Chairman and Chief Executive Officer, Irwin D. Simon, will lead the Combined Company as Chairman and Chief Executive Officer. Together, Aphria and Tilray will be one of the leading adult-use cannabis Canadian Licensed Producers based on revenue for the last twelve months by combining their respective brands, distribution networks and world-class facilities.