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 Glass Lewis, a leading independent
provider of proxy research and vote recommendations to the
investment community, has joined the other major independent proxy
research firm, ISS, in recommending 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.
“We are pleased that the two major independent proxy advisory
firms both agree that shareholders should support all of the
proposals on the agenda for the upcoming Special Meeting of
shareholders,” said Irwin D. Simon, Tilray’s Chairman and Chief
Executive Officer. “Proposal 1, in particular, is a critical part
of our strategy to capture market share and drive profitable
growth. Glass Lewis’ endorsement affirms our conviction that
Proposal 1 is in the best interest of our shareholders.”
Mr. Simon continued, “By approving all of the proposals on the
agenda, our shareholders will be actively participating in Tilray’s
ability to capitalize on substantial growth opportunities, expand
and generate strong performance, increase shareholder rights and,
ultimately, drive shareholder value.”
In determining to recommend FOR Proposal 1, Glass Lewis said,
“Given the relatively limited amount of shares available to
the Company, we believe that it may be prudent for the Company to
have additional common shares available for issuance.”*
Earlier, ISS reached the same conclusion on Proposal 1 and
wrote, ““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.”*
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!
*Permission to use third party quotations was neither sought nor
obtained.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210721005914/en/
For media inquiries, please contact: Berrin Noorata
news@tilray.com
For investor inquiries, please contact: Raphael Gross
203-682-8253 Raphael.Gross@icrinc.com
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