RE:RE:RE:Question: What share issuance are you all referring to? The Redditors have got their clutches on TLRY and when any information comes out that ruffles their feathers, this kind of action happens and the shorties zoom in. I have been invested in Aprhia, now Tilray, since 2016 and have learned to go with the ebbs and flows of the cannabis sector. Not saying I like it, but that is the reality. Given the difficulty cannabis companies have raising funds through traditional banking, it is onerous to raise financing for expansion and growth. This proposal, if approved, will give Tilray the ability to raise funds for M & A. Until legalisation happens stateside, this is the norm. Being prepared for that eventuality, is what a good CEO is all about. With all the competition in this sector, having brand diversity will be increasingly important. I think Irwin Simon has the necessary vision and chops to increase Tilray's market share. Hang in longs.
p.s. I noticed on Yahoo Finance that Sundial is the worst in the sector today and WSB has been hot on them too. The whole sector is pretty red today.
hevin wrote: Some of you shorties and other pantywetters should read more carefully:
"By approving this proposal, you will be enabling Tilray to accelerate growth and realize its potential.
Please note that approval does not mean that the authorized shares will be issued, only that they are available if needed so the Company can move swiftly to seize value creation opportunities as they arise. This is not a given. This is only in the event that a giant gold nugget should appear, only then would we buy the whole mine....Looks like Irwin just being cautious and very ready should an excellent opportunity arise. Good governance as usual.
ediabid wrote: hevin wrote: Can't find it anywhere. Could someone please post it?
glta longs, may shorty ROT...
I just found this on the Tilray board on Reddit.
glta
Tilray "Letter to Shareholders"