The merger between Aphria Inc. (APHA) and Tilray Inc. (TLRY) will complete on May 5, 2021. The new company’s common shares will begin trading under the ticker symbol TLRY.
You can read more about this in the company press release here.
What changes can I expect to see in my account?
- For every 1 share of Aphria Inc. you own, you will receive 0.8381 shares in Tilray Inc (TLRY). Any shares you held before May 5th will be impacted.
- Your new shares of TLRY will trade on the NASDAQ rather than the TSX. This means your new shares will be listed in USD while your original shares of Aphria were listed in CAD.
- Any fractional shares generated from this merger will be allocated as cash in lieu of shares. Wealthsimple Trade does not offer fractional shares or round-ups caused by mergers.
The typical timeline for processing a corporate action is 1-6 business days from the effective date. All of our corporate actions are processed internally and we’ll need to wait for our clearing broker, CDS, to provide us with the updated shares.
Once completed, you will be able to access the full breakdown of this merger in your upcoming monthly statement which will be issued in June. For more information on how to access your monthly statements, click here.