Sources say Aphria & Aurora Cannabis recently explored merger in deal talks | 2020-07-15 | Investing News

Click to enlargeAccording to BNN Bloomberg, Aphria Inc. (TSX.APHA) and Aurora Cannabis (T.ACB) recently held “advanced talks” to merge the two Canadian cannabis LPs in what would have been a blockbuster deal, but the discussions broke down late last week.

The two companies opted to step back from merger discussions that took place over several weeks after failing to agree on board composition and compensation for some senior executives, the people told the new source under the condition of anonymity.

Had a deal had been reached, it would have created a global cannabis mega giant valued at approximately $3.5 billion with operations in 25 countries, and commanded a leading 30% share of the Canadian recreational cannabis market and combine for annual revenue in the region of $800 million.

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