Aphria Inc. shareholders have voted in favour of the cannabis company’s plan to merge with Tilray Inc.

LEAMINGTON—Aphria Inc. shareholders have voted in favour of the cannabis company’s plan to merge with Tilray Inc.

Aphria did not immediately announce how many shareholders voted in favour, but said more than 65,000 shareholders and proxy voters were represented at the meeting.

If the deal moves forward, the two will operate under the Tilray name with Aphria chief executive Irwin Simon at the helm.

The new company will have a pro forma revenue of $874 million and will control more than 17 per cent of the retail cannabis market. Tilray has scheduled a shareholder vote on the deal for Friday.