Medipharm Labs Corp T.LABS

2,749000 TILRAY SHARES

[alleyesonme]

https://www.marketscreener.com/quote/stock/MEDIPHARM-LABS-CORP-62874327/news/Tilray-Brands-Inc-acquired-1000652011-Ontario-Inc-from-MediPharm-Labs-Corp-for-CAD-8-5-million-44991285/

[mdjbrown]

Very interesting statement alleyesonme   Is that $2.39 US or CAD "An additional 1,378,843 shares of common stock may be issuable to MediPharm to the extent the VWAP of Tilray?s common stock for the five trading days ending on October 9, 2023 declines below $2.3958."

[mdjbrown]

CAD $2.3958       Too bad, as it would have been nice to see Medipharm double up. Strange they would use Oct 9 as the deadline date, considering it is a national holiday in Canada "Shares of our Common Stock are listed on The Nasdaq Global Select Market (“Nasdaq”) and the Toronto Stock Exchange (the “TSX”) under the trading symbol “TLRY”. On October 3, 2023

[alleyesonme]

Tilray Brands, Inc. (NasdaqGS:TLRY) acquired 1000652011 Ontario Inc. from MediPharm Labs Corp. (TSX:LABS) for CAD 8.5 million on September 29, 2023....... 1,371,157 shares of its common stock to MediPharm. An additional 1,378,843 shares of common stock may be issuable to MediPharm to the extent the VWAP of Tilray?s common stock for the five trading days ending on October 9, 2023 declines

[alleyesonme]

Once completed, this arrangement will settle a current aged receivable of $8.5M" from PR, deal isn't complete...https://stockhouse.com/news/press-releases/2023/10/02/medipharm-labs-settles-an-outstanding-claim-for-9m

[TreborTheGreat]

US $2.3958

[alleyesonme]

Has anyone found specifically below 2.3958 Canadian?. I can't find specifity on this, someone's verification would be appreciated...thank you guys.  

[mdjbrown]

alleyesonme, It is interested that the deal between Tlray and Medipharm appears to have been consumated on September 29, 2023 as per the disclosure in the US Regulatory Form 8-K. Incidentally, the share price close on Sept 29 was $2.39 US on the Nas               Coincidence? 2023-09-29 Q TLRY 2.39 2.42

[alleyesonme]

It can't be coincidence, and the numbers don't add up for it to be 3.09cdn TSX closer for the same day...unless we can specifically find 2.39 Cdn...it appears we're due for a total, 2750000 shares of Tilray...

[mdjbrown]

Peanuts for Tilray at the end of the day. Fantastic that Mr Pidduck and the executive had a stop gap in place in the event of a TLRYdecling share price. Forward thinking wins the day!

[okgonow]

that would just be  too good to be true i really doubt its $2,39 US but if it is.......... the Labs executive are all geniusesssssssss...... lol

[mdjbrown]

The wording in the Form 8 disclosure is definately confusing okgonow, but October 9, 2023 was a Canadian holiday and the TSX was not open, which would suggest they are refering to the Nasdaq which of course was open for trading and is US dollars   "On September 29, 2023, Tilray Brands, Inc., a Delaware corporation (“Tilray”), entered into a Share Purchase Agreement (the “Agreement

[alleyesonme]

Well done MDjbrown...this provision actually worked out for MPL, more than doubling the share payout to 2,750,000..it's amazing analysis made a major positive revision for Tilray the next day Oct,10th..today..this is a material change and will be the next PR sometime this week!  Great investigative work, yet again this bullboard brings the goods before disclosure from the Corp. on another

[mdjbrown]

Thank you very much alleyesonme but it is always a team effort on this board, and the gold star goes to you as you were the one who first found the Market Screener article. Lets hope things are in fact as they appear in the Form 8 regulatory disclosure, and I agree with you that as Medipharm continues to get its ducks in a row, a greater take over target will be on them. A poison pill of some

[okgonow]

agreed with the bullseye comment with a 32mill market cap tilay basicaly paying us 1/3 of comp value. im amazed with the kind of cash they are throwing around they woudnt just buy up the rest?! in shares