On Dec. 16, 2020, Tilray, Inc. and Aphria Inc. announced that they had entered into a definitive agreement to combine their businesses and create the world’s largest global cannabis company based on pro forma revenue of $874 million (US$685 million). The implied pro forma equity value of the combined company is approximately $5 billion (US$3.9 billion).
Blake, Cassels & Graydon LLP represented Tilray as Canadian counsel with a team led by
Michelle Perini (corporate/securities/M&A);
Ankita Kapur (IP);
Joe McGrade (competition);
Evan Kirsh (real estate);
Marianne Richer-Lafleche (regulatory);
Laura Cundari (litigation);
Kevin Zimka (tax).
Cooley LLP represented Tilray as U.S. counsel with a team led by
Rodrigo Seira (corporate/M&A);
effrey Tolin (tax);
Joshua Friedman (compensation and benefits);
Sharon Connaughton (antitrust and competition);
Mischi a Marca,
Timothy Nguyen (debt finance);
Janelle M. Fernandes (litigation).
Cowen represented Tilray as financial advisor.
DLA Piper (Canada) LLP represented Aphria as Canadian counsel with a team led by
Chris Pejovic (corporate/securities/M&A).
DLA Piper LLP (US) represented Aphria as U.S. counsel with a team led by
Christopher Giordano (corporate/securities/M&A),
Scott Luftig (corporate/securities/M&A),
Jennifer Cumming (corporate),
Paolo Morante (antitrust and trade),
Drew Young (tax).
Fasken Martineau Dumoulin LLP represented Aphria as Canadian counsel with a team led by
Allison Marks (corporate/securities/M&A);
Chris Margison (competition);
Mark Vanderveken (regulatory);
Nathan Haldane (IP);
Lily MacLeod (litigation);
Rachel Loizos (real estate);
Kevin Yip (tax).
Jefferies LLC represented Aphria as financial advisor.