Investor Alert

London Markets Open in:

Market Pulse Archives

June 29, 2021, 7:26 a.m. EDT

Tilray CEO seeks shareholder approval to increase stock and give it ammunition to make acquisitions

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Tilray Inc. Cl 2 (TLRY)
  • X
    Cannabis ETF (THCX)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Ciara Linnane

Tilray Inc. /zigman2/quotes/209129655/composite TLRY +3.65% Chief Executive Irwin Simon called on shareholders to support a proposal at the company's annual shareholder meeting that will allow the Canadian cannabis company to increase the number of authorized shares of common stock, enabling it to make acquisitions for growth. "Importantly, approval does not mean that the authorized shares will be issued, only that they are available if needed in pursuit of these important corporate initiatives to drive shareholder value,' Simon wrote in a letter to shareholders. Tilray has recently completed its merger with Aphria to create the biggest cannabis company in the world, measured by revenue. The company is also seeking to expand shareholder rights at a meeting scheduled for July 29. U.S.-listed shares were up 1.3% premarket and have gained 126% in the year to date, while the Cannabis ETF /zigman2/quotes/213173823/composite THCX +1.54% has gained 39% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.95% has climbed 14%.

US : U.S.: Nasdaq
$ 11.63
+0.41 +3.65%
Volume: 16.26M
Sept. 22, 2021 4:00p
P/E Ratio
Dividend Yield
Market Cap
$5.04 billion
Rev. per Employee
US : U.S.: NYSE Arca
$ 13.18
+0.20 +1.54%
Volume: 79,395
Sept. 22, 2021 4:10p
+41.45 +0.95%
Volume: 2.00B
Sept. 22, 2021 5:05p

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.