Aphria and Tilray Combine to Create Largest Global Cannabis Company

Now this should wake up the Australian market today.

The all-stock deal, which puts together two of the market’s best known names, will create an entity with an equity value of about C$4.8 billion ($3.8 billion), according to a statement and interviews late Tuesday with Tilray and Aphria leaders. The combined group’s 12-month sales of C$874 million surpasses that of industry leaders such as Curaleaf Holdings Inc. and Canopy Growth Corp.

Making some consolidation can happen in Australia or even better let them take over THC and get the largest facility and do something big with it.