Tilray Brands Inc TLRY

Tilray Seeks Shareholder Nod for Share Increase Plan

[DaveInCalgary]

 

07:33 AM EDT, 06/29/2021 (MT Newswires) -- Tilray, Inc. (TLRY.TO) said Tuesday that it is seeking shareholder approval for plans to potentially increase its total number of shares and expand investor rights as it signalled that it is not done with M&A since merging with Aphria Inc. (APHA.TO) earlier this year.

 

The cannabis company said the potential share increase would allow it to "move quickly to accelerate growth through potential acquisition and financing opportunities."

 

Tilray noted that shareholder approval of the plan will not automatically result in the issuance of new shares but only provides the company with room to do so if needed.

 

The company is also seeking shareholders' nod for plans to expand their rights. The two proposals will be subject to approval from Tilray shareholders of record as of June 22 at a special virtual meeting to be held July 29.

[Shazam57]

The way that the merger between Aphria and Tilray was handled. I wouldn't support it. 

[Positivelive1]

The way the merger between Aphria and Tigray was handled. I will support it! Tilray #1! It's the big league now nit wimpy early days!

[Humanist]

THATS TRUE POSITIVE, its big league but as you know bigger doenst always mean better ( perfect example canopy) so far it hasn't behaved in sucha way, i hope it does soon.  glta

[av8tor42]

Fool me once, shame on you; fool me twice, shame on me