What's Next for Tilray Now That Its Merger With Aphria Is Complete?
Last week, Tilray (NASDAQ: TLRY) and Aphria formally merged to form a new company. It instantly became the industry leader in the Canadian pot market. Their annual pro forma revenue when they announced the deal in December 2020 totaled 874 million Canadian dollars, which is 73% higher than the CA$506 million that industry giant Canopy Growth generated over its last four quarters.
And with a presence in multiple countries, there are many more markets that Tilray can turn to in order to generate more growth. Now that the deal is complete, investors may be wondering what the next steps are for the new company (which will retain the name "Tilray") and what they should expect. Let's consider the company's future and examine whether it is a good buy today.
Image source: Getty Images.
Source Fool.com
