Cannabis companies Aphria and Tilray will merge to create the largest global cannabis company. CNBC’s Jim Cramer and David Faber discuss. Subscribe to CNBC PRO for access to investor and analyst insights:
The Canadian cannabis companies will combine in an all-stock deal that will create the world’s biggest cannabis producer. Aphria shareholders will hold 62% of the combined company, with the company paying a 23% premium over Tilray’s Tuesday closing price. Tilray shares surged 30%, while Aphria shares jumped more than 8% in the premarket.
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