Aphria Inc. (APHA) no longer exists as a standalone tradable stock; it completed a business combination with in May 2021. As a result, Aphria was delisted from the TSX and NYSE, and its shares were converted into Tilray shares. To gain exposure to the former Aphria business, investors now buy Tilray Brands, Inc. (TLRY) . Investment Thesis: Tilray Brands (Successor to Aphria)
Following the merger, the combined entity became the world's largest cannabis company by revenue at the time of the deal.
: The company holds a significant share of the Canadian adult-use market.