|Bid||15.89 x 2900|
|Ask||15.99 x 800|
|Day's Range||15.63 - 18.20|
|52 Week Range||4.41 - 67.00|
|Beta (5Y Monthly)||2.79|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
In December, Aphria (NASDAQ: APHA) and Tilray (NASDAQ: TLRY) announced plans to merge. The combination of the two Canadian cannabis operators would create the biggest cannabis company in the world based on pro forma revenue. Tilray shareholders were originally scheduled to vote on the proposed merger in a special meeting on Friday, April 16.
Noah Hamman, AdvisorShares CEO, joined Yahoo Finance Live to discuss his outlook for cannabis stocks ahead of 4/20.
Consolidation is likely good for the burgeoning industry, but the marijuana sector remains speculative and immature.