Is a Merger Between These 2 Major Pot Stocks Inevitable?
There's been a lot of talk lately that Canadian pot giants Aurora Cannabis (NYSE: ACB) and Aphria (NASDAQ: APHA) have been discussing a potential merger. With competition in the industry on the rise and a potentially tough road ahead in the sector amid the COVID-19 pandemic, a merger is one way the two companies could strengthen their footprint in Canada and be in a better position to succeed over the long term.
Let's take a look at whether a deal between the two companies is inevitable and what that might mean for investors.
According to BNN Bloomberg, in mid-month, Aurora and Aphria "held advanced talks" about a possible deal.
Source Fool.com
