Leading Independent Proxy Advisory Firm ISS Recommends Tilray Shareholders Vote “FOR” All Proposals at Tilray’s Upcomin...
July 12 2021 - 7:00AM
Business Wire
Tilray urges shareholders to vote today in
support of long-term value creation
Tilray, Inc. (“Tilray” or the “Company”) (NASDAQ | TSX: TLRY), a
leading global cannabis-lifestyle and consumer packaged goods
company, today announced that Institutional Shareholder Services
(“ISS”), a leading independent provider of proxy research and vote
recommendations to the investment community, has recommended that
Tilray shareholders vote “FOR”
the Company’s proposals at Tilray’s Special Meeting of Stockholders
(the “Special Meeting”) to be held on July 29, 2021.
“ISS’ endorsement affirms our conviction that the proposals to
be voted on at the Special Meeting are in our shareholders’ best
interests,” said Irwin D. Simon, Tilray’s Chairman and Chief
Executive Officer. “By approving these proposals, our shareholders
will be actively participating in Tilray’s ability to capitalize on
substantial growth opportunities, expand and generate strong
performance and, ultimately, drive shareholder value.”
In determining to recommend FOR Proposal 1, ISS
noted1:
- “The size of the proposed increase in the number of authorized
shares of common stock is reasonable and there are no substantial
concerns with the company's past use of shares.”
In recommending FOR the Governance Proposals
(Proposals 2, 3, 4 and 5) ISS also highlighted that1:
- “The charter amendments to declassify the board, allow
shareholders to remove directors without cause, allow shareholder
action by written consent and opt-out of the Delaware "freeze-out"
provision would improve shareholder rights and director
accountability.”
Tilray urges shareholders to vote today to support these key
initiatives to drive strategic growth and strengthen shareholder
rights. Your support is important, no matter how many or how few
shares you own.
If you have any questions, or need any assistance in voting
your shares, please contact Morrow Sodali LLC at (833) 497-7395
toll-free in the U.S. and Canada, or (203) 658-9400 or by email at
TLRY@info.morrowsodali.com.
HELP TILRAY GROW! VOTE “FOR” TODAY!
About Tilray
Tilray, Inc. is a leading global cannabis-lifestyle and consumer
packaged goods company with operations in Canada, the United
States, Europe, Australia, and Latin America that is changing
people’s lives for the better – one person at a time – by inspiring
and empowering the worldwide community to live their very best life
by providing them with products that meet the needs of their mind,
body, and soul and invoke a sense of wellbeing. Tilray’s mission is
to be the trusted partner for its patients and consumers by
providing them with a cultivated experience and health and
wellbeing through high-quality, differentiated brands and
innovative products. A pioneer in cannabis research, cultivation,
and distribution, Tilray’s unprecedented production platform
supports over 20 brands in over 20 countries, including
comprehensive cannabis offerings, hemp-based foods, and alcoholic
beverages.
For more information about Tilray, Inc., visit:
http://www.Tilray.com
Forward-Looking Statements
Certain statements in this communication that are not historical
facts constitute forward-looking information or forward-looking
statements (together, “forward-looking statements”) under Canadian
securities laws and within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, that are intended to
be subject to the “safe harbor” created by those sections and other
applicable laws. Forward-looking statements can be identified by
words such as “forecast,” “future,” “should,” “could,” “enable,”
“potential,” “contemplate,” “believe,” “anticipate,” “estimate,”
“plan,” “expect,” “intend,” “may,” “project,” “will,” “would” and
the negative of these terms or similar expressions, although not
all forward-looking statements contain these identifying words.
Forward-looking statements include statements regarding our
intentions, beliefs, projections, outlook, analyses or current
expectations concerning, among other things, the need for an
increase in authorized shares of common stock from 743,333,333
shares to 990,000,000 shares and the potential negative impacts to
the company if the corresponding proposal is not approved. Certain
material factors, estimates, goals, projections or assumptions were
used in drawing the conclusions contained in the forward- looking
statements throughout this communication. Many factors could cause
actual results, performance or achievement to be materially
different from any forward-looking statements, and other risks and
uncertainties not presently known to the Company or that the
Company deems immaterial could also cause actual results or events
to differ materially from those expressed in the forward-looking
statements contained herein. For a more detailed discussion of
these risks and other factors, see the most recently filed annual
information form of Aphria and the Annual Report on Form 10-K (and
other periodic reports filed with the SEC) of Tilray made with
applicable securities regulatory authorities and available on SEDAR
and EDGAR. The forward-looking statements included in this
communication are made as of the date of this communication and the
Company does not undertake any obligation to publicly update such
forward-looking statements to reflect new information, subsequent
events or otherwise unless required by applicable securities
laws.
1 Permission to use quotations neither sought nor obtained from
ISS.
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version on businesswire.com: https://www.businesswire.com/news/home/20210712005229/en/
For media inquiries: Berrin Noorata news@tilray.com
For investor inquiries: Raphael Gross 203-682-8253
Raphael.Gross@icrinc.com
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