Will Tilray Capital Raise Succeed In Time Of Turmoil ?

Probably not the best time to be shopping around for money. MJ Biz report Canadian cannabis producer Tilray on Thursday announced a share offering to raise $90.4 million, which the Nanaimo, British Columbia company says will be used for general corporate purposes.

Tilray priced 7.25 million class 2 common shares – and 11.75 million prefunded warrants to purchase common shares – at $4.76 per share.

That is a 20% discount to the previous day’s closing price of $5.95.

The offering is expected to close March 17.The offering comes with additional warrants, exercisable six months after issuance at $5.95 per share, with a term of five years.

More at. https://mjbizdaily.com/tilray-plans-90-million-capital-raise-amid-major-market-turmoil/?utm_medium=email&utm_source=newsletter&utm_campaign=MJD_20200313_News_Daily

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