Say hello to what has become, at a stroke, a dramatically larger marijuana company: the new version of Tilray (NASDAQ: TLRY). On Monday, Tilray announced that its "business combination" with peer Aphria (NASDAQ: APHA) had been completed, and the two are now one. The news comes one business day after shareholders of the previous version of Tilray voted in favor of the deal. In reality, this is Aphria taking over Tilray. In an all-stock deal agreed to last December, each Aphria share held as of April 30 was swapped for 0.8381 of a Tilray share. Aphria's CEO Irwin Simon is taking over that role with the reconstituted Tilray, and has also become the chairman of the new company's board of directors. To mark the new phase of its existence, Tilray has also changed its corporate logo. Image source: Getty Images. Then and now, Aphria's (now Tilray's) leadership has touted many benefits of the two companies coming together. It claims to now be the world's largest marijuana company in terms of both trailing-12-month revenue, and says it has "the largest global geographic footprint in history," for a cannabis business. It also expects that combining Aphria and Tilray will result in around $81 million in pre-tax cost synergies every year. Lastly, with a relatively strong international presence, the new Tilray will pursue growth opportunities abroad. Now that the deal is done, the hard part comes: Tilray 2.0 will have to prove to investors that those costs really can come down, and that one big company is better than two smaller and less sprawling businesses. That might not be an easy sell. On Monday, Tilray's shares closed 7.2% lower, against the 0.3% rise of the S&P 500 index. Here's The Marijuana Stock You've Been Waiting ForA little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. And make no mistake – it is coming. Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018. And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks. Simply click here to get the full story now. Learn moreEric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source