CUSIP No. 88688T 100
Item 1.
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Security and Issuer.
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This Amendment No. 3 (Amendment No. 3) to Schedule 13D amends the statement on Schedule 13D filed on December 23,
2019 (the Original Schedule 13D), as amended by Amendment No. 1 as filed with the Securities and Exchange Commission on June 19, 2020 (Amendment 1), and Amendment No. 2 as filed with the Securities and Exchange
Commission on September 24, 2020 (Amendment 2 and together with the Original Scheduled 13D, Amendment No. 1 and this Amendment No. 3, the Schedule 13D) with respect to the Class 2 Common Stock of Tilray,
Inc. (the Issuer), having its principal executive office at 1100 Maughan Road, Nanaimo, BC, Canada. Except as otherwise specified in this Amendment No. 3, all items in the Schedule 13D, as amended by Amendment 1 and Amendment 2, are
unchanged. All capitalized terms used in this Amendment No. 3 and not otherwise defined herein have the meanings ascribed to such terms in the Original Schedule 13D.
The Reporting Person is filing this Amendment No. 3 to report a decrease in the percentage of the class beneficially owned by the
Reporting Person due to an increase in the aggregate number of outstanding securities of the Issuer and a recent sale of shares of Class 2 Common Stock by the Reporting Person, as further described in Item 5.
Item 5.
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Interest in Securities of the Issuer
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(a)
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State the aggregate number and percentage of the class of securities identified pursuant to Item 1 (which
may be based on the number of securities outstanding as contained in the most recently available filing with the Commission by the issuer unless the filing person has reason to believe such information is not current) beneficially owned (identifying
those shares which there is a right to acquire) by each person named in Item 2. The information should also be furnished with respect to persons who, together with any of the persons named in Item 2, comprise a group within the meaning of
Section 13(d)(3) of the Act:
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The Reporting Person is the beneficial owner of 13,706,097 shares of
Class 2 Common Stock, representing 10.1% of the outstanding Class 2 Common Stock. The Reporting Persons ownership includes (1) 10,665,087 shares of Class 2 Common Stock held directly by the Reporting Person, (2) 2,805,850 shares
of Class 2 Common Stock that are issuable upon the exercise of options held directly by the Reporting Person that are exercisable within 60 days of October 14, 2020 and (6) 235,160 shares of Class 2 Common Stock held directly by an
LLC, of which Mr. Kennedy is the sole member.
The percentage in the foregoing paragraph is based on (1) 133,234,189
shares of Class 2 Common Stock that were outstanding as of September 30, 2020, as set forth in the Issuers Form 8-A/A filed with the SEC on October 1, 2020, and (2) 2,805,850 shares of
Class 2 Common Stock that are issuable upon the exercise of options held directly by the Reporting Person that are exercisable within 60 days of October 14, 2020.
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