Investors seeking to profit from the merger of Canadian cannabis companies Tilray Inc. and Aphria Inc. are best to do so by buying shares of Aphria, which are trading at a 51% discount over the merger conversion price, Cantor Fitzgerald analyst Pablo Zuanic said Tuesday.
U.S. stocks open higher Tuesday as investors watch progress toward President Joe Biden’s $1.9 trillion coronavirus relief package and data showing falling COVID-19 cases, which dropped to their lowest level in four months on Presidents Day.