After blockbuster Aphria-Tilray merger, world’s largest cannabis company eyes U.S. market
Pending approval from regulators, the companies will effect an all-stock merger to create a sole firm
Thursday, December 17, 2020
Tilray and Aphria, two of the biggest marijuana companies in Canada, announced plans to merge and create the world’s largest cannabis outfit. With existing medical and recreational cannabis businesses in Canada and Europe, the new conglomerate is positioning itself to eventually enter the biggest weed market in the world: the U.S. “The next big prize is the United States,” said Tilray CEO Brendan Kennedy. Cannabis is still illegal under U.S. federal law, so the company won’t be able to export into the country unless laws change under President-elect Biden. And as of now, the new company, to operate under the Tilray brand, does not have any US-based cannabis cultivation or retail licenses. (See also: Aphria, Tilray merging to create world's biggest cannabis company)
