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Aphria and Tilray are merging in an all-stock deal to form the largest cannabis company by revenue. Aphria shareholders will own 62 percent of Tilray’s stock and the combined company will trade under Tilray’s ticker on the Nasdaq. Aphria CEO Irwin Simon and Tilray CEO Brendan Kennedy join 'Closing Bell' to talk about the growth of consumer demand for cannabis in the U.S. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Shares of Tilray surged more than 20% after the cannabis company and peer Aphria reached an agreement to combine businesses, creating a new giant in the growing industry. The all-stock deal will result in a combined company valued at about $3.9 billion. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-n... Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-cred... #CNBC #CNBCTV