RE:More Dilution on the WayCentreIce24 wrote: This guy is Irwin is unbelievable
Now wants to increase the number of shares yet again to 1,426B
Dear Fellow Stockholders: You are cordially invited to attend the Annual Meeting of Stockholders (“Annual Meeting”) of Tilray Brands, Inc. (the “Company”) to be held on Thursday, November 21, 2024, at 11:00 a.m. EST. The Annual Meeting will be held in a virtual format, via live webcast over the internet.
Attached to this letter are a Notice of Annual Meeting of Stockholders and Proxy Statement, which describe the business to be conducted at the Annual Meeting.
Our Board of Directors (the “Board”) urges you to read the accompanying Proxy Statement and recommends that you vote “FOR”:
• The election of each of David Hopkinson and Thomas Looney, as Class III director nominees, each to serve until his term expires or until his successor is duly elected and qualified, as described herein;
• The ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending May 31, 2025;
• Approval to increase the number of shares of common stock the Company is authorized to issue from 1,208,000,000 shares of capital stock to 1,426,000,000 shares of capital stock (the “Authorized Shares Proposal”);
• Approval of the governance changes to the Company’s Fourth Amended and Restated Certificate of Incorporation (the “Charter”) to (i) declassify the Board and provide that all directors will be elected at each annual meeting of stockholders and (ii) eliminate the provision of the Charter that allows stockholders to remove directors only for cause (collectively, the “Governance Proposal”); and
• Any other business properly brought before the Annual Meeting
https://ir.tilray.com/static-files/0b55a004-a211-4452-a9f6-cef458da2469
Oh I should also mention the 13,217,558M shares he gave out to DD yesterday, which they will in turn just sell as per usual
On September 16, 2024, Tilray Brands, Inc., a Delaware corporation (“Tilray”), entered into an assignment and assumption agreement (the “Assignment and Assumption Agreement”) with Double Diamond Holdings Ltd. (“DDH”), an Ontario corporation, pursuant to which, among other things, Tilray acquired from DDH a promissory note in the amount of USD$23,791,657 (the “Note”) payable by 1974568 Ontario Limited (“Aphria Diamond”). DDH is a joint venturer with Aphria Inc., Tilray’s direct and wholly-owned subsidiary, in Aphria Diamond. As consideration for the Note, Tilray issued 13,217,588 shares of its common stock, par value .0001 per share (the “Consideration Shares”), to DDH.
https://ir.tilray.com/static-files/e148668e-91e0-45b5-ab9f-e3215bbb1c83
Anyways, moving right along
Enjoy The Rest of Your Day
Cheers
It's time for shareholders to say enough is enough. Time to prove that he can create a profitable company from the divisions he already has. Hold his feet to the coals. All he's done is missed all his projections. If these new shares were going to be used for buying a successful US company (key word , successful) and have someone else in Succession to run Tilray properly then maybe. He could oversee the whole thing, (in name only) but he needs to put proper people in charge to run the divisions. It's time for him to either fully divulge his plans before blindly be given a blank cheque. Time to stop the Hains redo.