Aphria-Tilray Marriage Could Mean 420 In December For This Cannabis ETF

News broke late Tuesday that Canadian cannabis growers Aphria (NASDAQ: APHA) and Tilray (NASDAQ: TLRY) are in merger talks and the companies confirmed the merger Wednesday morning.

What Happened: A variety of exchange-traded funds are poised to benefit, perhaps none more so than the Amplify Seymour Cannabis ETF (NYSE: CNBS).

On volume that was slightly above the daily average, CNBS finished Tuesday with a 3.62% gain, extending its 2020 upside to 33.53%.

Why It's Important: The status of CNBS as a credible play on this takeover rumor is easy to explain: Its Aphria weight outpaces that of many of its rivals. Entering Wednesday, CNBS allocates 9.93% of its weight to …

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