Search: Tilray

Tilray Joins Phase 2 of the Shoppers Drug Mart and TruTrace Technologies Pilot Program for Validation of Medical Cannabis

TORONTO, Sept. 11, 2019 /CNW/ – TruTrace Technologies Inc. (CSE: TTT) (OTCQB: TTTSF) (“TruTrace” or the “Company“), creator of the first fully-integrated blockchain platform that registers and tracks intellectual property for the cannabis industry, is pleased to announce that Tilray Canada Ltd. (“Tilray Canada”), a subsidiary of Tilray, Inc. (NASDAQ:TLRY), a global pioneer in cannabis research, cultivation, production and distribution, has…

Tilray Taps Cowen and Company to Sell up to $400 Million in Stock

In an 8-K filing released after the close, Tilray (NASDAQ: TLRY) announced that Cowen and Company has been selected to sell up to $400 million in stock once an S-3 registration statement is effective. Any sales will be an “at-the-market offering”: Pursuant to the Sales Agreement, each time Tilray wishes to issue and sell Shares under […] READ MORE: https://www.newcannabisventures.com/tilray-taps-cowen-and-company-to-sell-up-to-400-million-in-stock/

Tilray and Privateer Holdings Finalize Merger Agreement

Tilray, Inc. and Privateer Holdings, Inc. Sign Definitive Agreement to Extend Lock-up and Provide for Orderly Distribution of 75 Million Tilray Shares Held by Privateer 77 Percent of Tilray’s Total Shares Outstanding to be Released Over Extended Two-Year Lock-up Transaction to be Non-Dilutive for Tilray and Expected to be Tax-Efficient for Privateer Stockholders NANAIMO, British […] READ MORE: https://www.newcannabisventures.com/tilray-and-privateer-holdings-finalize-merger-agreement/

Tilray expands retail footprint by buying Calgary pot shop operator for $110 million

Tilray Inc. is buying marijuana retailer 420 Investments Ltd. of Calgary for $110 million, the British Columbia-based cannabis researcher and distributor said. The all-stock deal through a Tilray subsidiary, High Park Holdings Ltd., is expected to close early next year, according to a statement by Tilray. The first $70 million in stock is payable on the close of the deal…

Tilray to Acquire Alberta Cannabis Retailer for $70 Million in Stock with Additional Earnouts

Tilray Announces Definitive Agreement to Acquire FOUR20 Adult-Use Cannabis Retailer FOUR20 owns and operates six stores in Alberta and has secured 16 additional high-traffic store locations Agreement is for up to C$110M subject to the achievement of performance milestones by FOUR20 NANAIMO, British Columbia, August 29, 2019–(BUSINESS WIRE)–Tilray, Inc. (“Tilray” or “the Company”) (NASDAQ:TLRY), a […] READ MORE: https://www.newcannabisventures.com/tilray-to-acquire-alberta-cannabis-retailer-for-70-million-in-stock-with-additional-earnouts/

Why Tilray stock is tanking today

What happened Shares of Tilray (NASDAQ: TLRY) are tanking today, down by 10.3% as of 10:40 a.m. EDT. The big drop reflects investors’ disappointment with the Canadian cannabis producer’s second-quarter results , which were announced on Tuesday after the market closed. So what Analysts expected Tilray to post a net loss of $0.25 per share. However, the company actually reported an adjusted net loss…