Video: Tilray CEO Discusses Aphria Merger, US Market Ambitions, Cannabis As A CPG Business, And More

On Monday, the cannabis witnessed the creation of the world's largest cannabis company measured by , as two Canadian giants, Tilray Inc. (NASDAQ: TLRY) and Aphria Inc. (NASDAQ: APHA), announced the closing of their merger.

Tilray and Aphria had been in negotiations since fall 2020, which ultimately resulted in shareholders of both companies voting in favor of the merger.

Irwin Simon, CEO of the 'new' Tilray and former Aphria CEO, called Tilray "the right partner."

Shortly after the historic agreement was announced, Simon was a guest on Benzinga's Cannabis Insider show, co-hosted by Spencer Israel and Javier Hasse.

"We had to do some consolidation there," Simon said of the Canadian cannabis market.

And while there were "stops and starts" during the merger talks with Brendan Kennedy, current director and former Tilray CEO, they finally sat down and came to a beneficial arrangement for shareholders of both companies, Simon told Cannabis Insider.

"I think there are times individuals like to do something differently," and "times you want to step back," Simon commented on Kennedy taking a more passive role following the merger. 

Building Cannabis Business As CPG Business

Simon also addressed cannabis as a quickly evolving category, emphasizing that cannabis needs to be cannabis from the product standpoint.

"We're not , we're …

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