Tilray Announces Adjournment of Special Meeting of Stockholders to August 19, 2021
July 29 2021 - 11:15AM
Business Wire
Preliminary assessment of votes already cast
points to overwhelming support for both the Authorized Shares
Proposal and the Governance Proposals
Tilray urges stockholders to vote immediately
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 convened and then adjourned the Special Meeting of
Stockholders intended to approve two shareholder proposals: (1) a
proposal to increase the authorized number of shares of common
stock (“Authorized Shares Proposal”); and (2) a number of
governance enhancements to increase stockholder rights (the
“Governance Proposals”). The Special Meeting was adjourned to
August 19, 2021, at 11:00 a.m. Eastern Time.
Based on a preliminary assessment of votes received by the
Company’s proxy solicitor, the overwhelming majority of votes cast
to date support both the Authorized Shares Proposal and the
Governance Proposals. The adjournment of the Special Meeting is
intended to provide Tilray with additional time to solicit proxies
to ensure that all Tilray stockholders have an opportunity to make
their voices heard.
“The level of support we have received from stockholders thus
far affirms that participating shareholders strongly support the
two proposals,” said Irwin D. Simon, Tilray’s Chairman and Chief
Executive Officer. “This support is logical, as the Authorized
Shares Proposal is a critical part of our strategy to capture
market share and drive profitable growth and the Governance
Proposals are aimed at providing our stockholders more rights to
hold management and the Board accountable.”
Mr. Simon continued, “We urge stockholders who have not yet
voted to participate in the success of their investment in Tilray
by voting FOR all proposals on
the agenda for the Special Meeting. By doing so, stockholders will
be actively participating in Tilray’s ability to capitalize on
substantial growth opportunities, expand and generate strong
performance, increase stockholder rights and, ultimately, drive
stockholder value. No matter how many or how few shares you own,
your participation is vital to our success.”
The approval of the Authorized Shares Proposal requires the
affirmative vote of holders of at least a majority of the voting
power of shares outstanding and entitled to vote. The record date
for the adjourned Special Meeting remains June 22, 2021.
Stockholders who have already voted do not need to recast their
votes unless they wish to change their vote. Stockholders who have
not already voted or wish to change their vote are strongly
encouraged to do so promptly using the instructions provided in
their voting instruction form or proxy card.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210729005763/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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