APH, TLRY

Hi looks like I am going to a take beating with my APH stock share of1310 , when the deal closes, even if the stock is at $12.00 can. on closing day. I guess I should cash out out before the close.

FROM THE WEB SITE of Aphria …..

How do I calculate the value of the Tilray Shares that I receive?

The value of the Tilray Shares that you will receive on closing in exchange for your Aphria Shares will depend on the trading price of Tilray Shares on the day the transaction is completed. To help you value what you will receive under the transaction for your Aphria Shares, see the example below:

If you bought your Aphria Shares on the TSX, then:

Step 1: Calculate the number of Tilray Shares that you will receive

Calculate the number of Tilray Shares that you will receive on closing by multiplying the number of Aphria Shares that you own by 0.8381 (which is the exchange ratio).

Step 2: Calculate the value of the Tilray Shares that you will receive in US$

Multiply the answer from Step 1 by the value of each Tilray Share, which was US$9.33 based on the closing price of the Tilray Shares on the NASDAQ on December 16, 2020 (the transaction announcement date).

Step 3: Calculate the value of the Tilray Shares that you will receive in C$

Multiply the answer from Step 2 by the US$ to C$ foreign exchange rate since the Tilray Shares currently trade in US$. This will give you the value of the Tilray Shares to be received in C$.

As an example, assume that:

The value of each Tilray Share is US$9.33
1 US dollar = 1.2756 Canadian dollar
You own 1,000 Aphria Shares
1,000 Aphria Shares X 0.8381
= 838 Tilray Shares

838 Tilray Shares X US$9.33 per Tilray Share
=US$7,820

US$7,820 X 1.2756
= C$9,970 (or C$9.97 per Aphria Share that you own)