Type | Public |
---|---|
TSX: APHA | |
Industry | Cannabis |
Founded | 2014 |
Founders | Cole Cacciavillani John Cervini |
Headquarters | , Canada |
Key people | Irwin D Simon (Chief Executive Officer) |
Products | Cannabis |
Revenue | 36,920,000 Canadian dollar (2018) |
Parent | Tilray |
Website | https://aphria.ca/ |
Aphria Inc., headquartered in Leamington, Ontario, is an international producer and distributor of medicinal and recreational cannabis. The company operates through retail and wholesale channels in Canada and internationally. Aphria is a main distributor of medical cannabis to Germany and has operations in over 10 additional countries outside of Canada. Aphria offers multiple products under a portfolio of recreational cannabis brands, including Good Supply, B!NGO, Solei, RIFF, and Broken Coast. In November 2020, Aphria acquired SweetWater Brewing Company, one of the largest craft breweries in the USA.
Prior to its acquisition by Tilray, Aphria was one of the largest cannabis companies in the world, and was listed on both the Toronto Stock Exchange and NASDAQ. [1] The merger with Tilray was announced in December 2020, and Aphria operates under the Tilray name. [2]
Aphria was founded in 2013 by Cole Cacciavillani and John Cervini, who were Leamington greenhouse operators. [3] Its CEO for its formative years was Vic Neufeld, formerly the CEO of Jamieson Laboratories, a Canadian vitamin company. [4] It was originally listed on the Toronto Venture Exchange from which it advanced to the Toronto Stock Exchange in March 2017, and joined the S&P/TSX Composite Index in December 2017. [5]
In 2014, Health Canada granted Aphria a license to produce and sell medical cannabis. [3] Its first wholesale shipments were in April 2015. Also in April 2015, it announced it would double the size of its greenhouse. [6]
In January 2018, Aphria agreed to take over Broken Coast Cannabis, a Vancouver Island based premium cannabis producer. [7] In May 2018, Aphria reached a deal with Southern Glazer's Wine & Spirits for that company to distribute Aphria's recreational cannabis products in Canada. [8]
Aphria nominated Irwin D. Simon, previously of The Hain Celestial Group, Inc., as Chair of the Board of Directors and interim CEO in December 2018. [9] The company voluntarily delisted its stocks from the New York Stock Exchange in May 2020, in favour of listing them on NASDAQ. In 2020, its stock was delisted from the New York Stock Exchange in favor of solely listing shares on NASDAQ. [10]
On 15 December 2020, Aphria conducted a reverse acquisition to merge with Tilray, which would create the largest multinational cannabis company by revenue. [2] The chief executive officer (CEO) of Aphria, Irwin Simon, stated that the merger strategy was to capture Tilray's business assets and public trading exposure in the United States and its free trade abilities in Europe, enabling potential for becoming a global operation. [2] Irwin was named as CEO and chairman of the board for the merged company, and Tilray CEO, Brendan Kennedy, will be a member of the board of directors. [2]
The merged companies will keep Tilray's name and trade under the Tilray ticker symbol, TLRY, on the NASDAQ exchange. [2] By combining assets, the Aphria-Tilray company will develop craft beer and cannabis-infused beverages in partnership with Anheuser-Busch InBev, and have branded hemp and cannabidiol products. [2] According to one source, the world market potential for cannabis products is $94 billion by 2025. [2]
Leamington is a municipality in Essex County, Ontario, Canada. With a population of 27,595 in the Canada 2016 Census, it forms the second largest urban centre in Windsor-Essex County after Windsor, Ontario. It includes Point Pelee National Park, the southernmost point of mainland Canada.
The Toronto Stock Exchange is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in the EY Tower in Toronto's Financial District, the TSX is a wholly owned subsidiary of the TMX Group for the trading of senior equities.
TMX Group Limited is a Canadian financial services company that operates equities, fixed income, derivatives, and energy markets exchanges. The company provides services encompassing listings, trading, clearing, settling and depository facilities, information services as well as technology services for the international financial community.
Shoppers Drug Mart Inc., commonly known as Shoppers is a Canadian retail pharmacy chain based in Toronto, Ontario. It has more than 1,300 stores in ten provinces and two territories.
Second Cup Cafe., is a Canadian restaurant chain, coffee retailer, and roaster which operates more than 190 cafes nationwide. Its headquarters are in Mississauga, Ontario. Its stores sell hot and cold beverages, pastries, snacks, pre-packaged food items, hot and cold sandwiches, and drinkware, including mugs and tumblers.
Southern Glazer's Wine and Spirits of America is the largest wine and spirits distributor in the United States with operations in 44 states and Washington, D.C. Southern's portfolio is 45% wine and 55% spirits. It was the 11th largest private company in the United States in 2021.
Privateer Holdings is an American private equity company that invests in the legal cannabis industry. Privateer Holdings is headquartered in Seattle, Washington and employs more than 350 people in seven countries. The company is building a diversified portfolio of cannabis brands. As of November 2016, the company has raised $122 million. Privateer Holdings secured the first institutional investor to enter the cannabis industry, Founders Fund. In 2019 Privateer Holdings was merged with Tilray.
DavidsTea is a publicly traded Canadian specialty tea and tea accessory retailer based in Montreal, Quebec. It is the largest Canadian-based specialty tea boutique in the country.
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Liminal BioSciences Inc., formerly known as Prometic Life Sciences Inc., is a Canadian biopharmaceutical company. The company is publicly traded on the Nasdaq Global Market.
CanniMed Therapeutics Inc. is a Canadian public licensed producer of medical cannabis. It is primarily focused on cannabis oil. The company's predecessor, Prairie Plant Systems, was established in 1988 and is located in Saskatoon, Saskatchewan. In 2013 CanniMed became the first cannabis producer to be licensed under Health Canada regulations that were issued that year. It went public in 2016, and in March 2018 almost all of its stock was acquired by a rival producer, Aurora Cannabis, following a hostile takeover to which company management finally consented.
On October 17, 2018, cannabis was legalized in Canada for recreational and medical purposes. It was already legal for medicinal purposes, under conditions outlined in the Marijuana for Medical Purposes Regulations issued by Health Canada, and for seed, grain, and fibre production under licence by Health Canada.
Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton. It trades on the Toronto Stock Exchange and Nasdaq as ACB. As of late September 2018, Aurora Cannabis had eight licensed production facilities, five sales licences, and operations in 25 countries. It had a funded capacity of over 625,000 kilograms of cannabis production per annum with the bulk of capacity based in Canada and a growing presence in international markets, particularly Denmark and Latin America. Aurora is the second largest cannabis company in the world by market capitalization, after Canopy Growth Corporation. The company began trading on the NYSE on October 23, 2018, using the ticker ACB.
The Ontario Cannabis Retail Corporation, operating as Ontario Cannabis Store (OCS), is a Crown corporation that manages a legal monopoly over the online retail and wholesale distribution of recreational cannabis to consumers and privately operated brick and mortar retailers respectively throughout Ontario, Canada.
VIVO Cannabis Inc(formerly ABcann Global) is a Canadian licensed cannabis producer, headquartered in Napanee, Ontario. Prior to being acquired by MediPharm Labs Corp., VIVO traded on the Toronto Stock Exchange as VIVO.
Tilray Brands, Inc. is an American pharmaceutical, cannabis-lifestyle and consumer packaged goods company, incorporated in the United States, headquartered in New York City. Tilray also has operations in Canada, Australia, New Zealand, and Latin America, with growing facilities in Germany and Portugal.
Zenabis Global Inc. was a Canadian medical and recreational marijuana producer.
Horizons ETFs Management (Canada) Inc. is a financial services company that offers exchange-traded funds. In April 2017, Horizons began offering the first cannabis industry focused exchange-traded fund (ETF), Horizons Marijuana Life Sciences Index ETF. The company is also the fourth-largest ETF provider in Canada, with more than CAD$24 billion in assets as of April 2023.
Neptune Wellness Solutions, Inc. is a diversified wellness company that provides nutraceuticals, organic food and beverages, and consumer packaged goods to retail and business customers. Originally known for Antarctic krill oil production, the company previously operated an industrial-scale licensed cannabis processing plant in Quebec, CA, and a hemp processing facility in North Carolina in the U.S. until selling the cannabis business in 2022.
WELL Health Technologies is a multichannel digital health technology company and Canada's largest owner and operator of outpatient health clinics. The company owns and operates primary healthcare facilities in Canada and The United States and also provides (SaaS) EMR services to clinics and doctors across Canada. Well Health Technologies is publicly traded on the Toronto Stock Exchange under the symbol WELL.TO. Hamed Shahbazi has served as the company's CEO since its foundation in 2010.
{{cite web}}
: |last=
has generic name (help)