CAN (ON): Aphria shareholders approve arrangement with Tilray

Aphria shareholders approved the proposed arrangement with Tilray.

The special resolution approving the Arrangement was required to be passed by at least two-thirds of the votes cast at the Meeting by the Aphria Shareholders voting virtually or represented by proxy at the Meeting. 

Irwin D. Simon, Aphria’s Chairman and Chief Executive Officer, who will hold these same roles with the Combined Company, commented, “I want to thank all Aphria Shareholders for voting and approving the Arrangement. We appreciate their support, as we believe the business combination will create a Combined Company with a strong financial profile, low-cost production, market share leading brands, distribution network and unique partnerships,.The Combined Company will  be increasingly well positioned to deliver a sustainable attractive return for our combined shareholder base.”