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Why Aphria and Tilray Are Soaring Today

TheMotleyFool

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In pre-market trading Wednesday morning, shares of the Canadian pot titan Aphria (NASDAQ: APHA) jumped by as much as 15%, while fellow cannabis giant Tilray (NASDAQ: TLRY) saw its stock rise by a handsome 26%.

The spark? Aphria and Tilray are both up by double-digits this morning in response to an article from Bloomberg outlining the details of a possible merger between the two Canadian pot titans. This proposed tie-up would create one of the largest cannabis companies in the world in terms of annual sales.

Image source: Getty Images.

Source Fool.com

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