Tilray Stockholders Approve Proposal to Increase Authorized Shares at Special Meeting

CANNANNEW REPORT

Providing Company with Additional Shares to Execute Against Strategic Plan to Accelerate Growth and Drive Value Creation NEW YORK & LEAMINGTON, Ontario–(BUSINESS WIRE)–Tilray, Inc. (“Tilray” or the “Company”) (NASDAQ | TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company, today announced that stockholders holding more than a majority of its issued and outstanding shares of common stock have approved an increase in the number of authorized shares of its common stock. Irwin D. Simon, Chairman and CEO, Tilray said: “We brought together Tilray and Aphria less than five months ago with a clear vision to create the world’s leading cannabis-focused consumer brands company. Since that time, we have been laser focused on capitalizing on the strength of our unparalleled geographic footprint and operational scale to drive the performance of our Company. Due to the support of our stockholders, Tilray now has the resources we need to build on our momentum and execute on our plans. We sincerely thank our stockholders for their investment in the Company and we are committed to driving strong value creation now and into the future.” Building on Strong Momentum Since the merger of Tilray and Aphria, which closed in May 2021, the new Tilray has made substantial strides across its business, by driving increased revenue through rapidly expanding its international medical business, introducing a new medical brand in Canada while increasing its share in that market, and making strong progress towards its target of $80 million in synergies. The Company also recently acquired a majority of the outstanding convertible notes of MedMen Enterprises, Inc. (CSE: MMEN) (OTCQX: MMNFF), the premier American cannabis retailer, enabling Tilray to move quickly in harnessing the opportunity it has in the $80 billion U.S. cannabis market when federal legalization allows. Executing on Strategic Growth Plan With additional authorized…

Excerpt only …
READ MORE BELOW
Source : Tilray Stockholders Approve Proposal to Increase Authorized Shares at Special Meeting

reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.