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April 30, 2020, 9:05 a.m. EDT

Tilray CEO Brendan Kennedy gets a 35% raise in base pay in 2019, but total compensation tumbles

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By Tomi Kilgore

Canada-based cannabis company Tilray Inc. /zigman2/quotes/209129655/composite TLRY -0.43% filed Thursday its 2020 Proxy Statement, which shows that Chief Executive Brendan Kennedy got a 35.4% raise in his base salary in 2019, but his total compensation declined nearly 90% as he received no stock option awards. Kennedy's base increased to $575,332 from $425,000 in 2018. His base represented 16.5% of his total compensation of $3.48 million, which also included $2.89 million in stock awards. In 2018, Kennedy's total compensation was $31.82 million, which included $25.15 million in stock option awards and a $425,000 bonus, neither of which he received in 2019. Tilray's stock tumbled 75.7% in 2019, while the ETFMG Alternative Harvest ETF /zigman2/quotes/204332491/composite MJ +0.95% slid 70.9% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.40% rallied 28.9%.

/zigman2/quotes/209129655/composite
US : U.S.: Nasdaq
$ 6.90
-0.03 -0.43%
Volume: 5.33M
Aug. 12, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$887.68 million
Rev. per Employee
$62,689
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/zigman2/quotes/204332491/composite
US : U.S.: NYSE Arca
$ 12.78
+0.12 +0.95%
Volume: 638,740
Aug. 12, 2020 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,380.35
+46.66 +1.40%
Volume: 2.25B
Aug. 12, 2020 5:10p
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