Tilray Launches $250M At-The-Market Program To Boost Acquisitions, Eyes Expansion With U.S. Cannabis Rescheduling
Portfolio Pulse from Patricio Liddle
Tilray Brands, Inc. (NASDAQ:TLRY) has launched a $250 million at-the-market equity program to fund strategic investments and acquisitions, particularly in anticipation of U.S. cannabis rescheduling. The shares will be sold intermittently at prevailing market prices.
May 17, 2024 | 1:15 pm
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Tilray Brands, Inc. has initiated a $250 million at-the-market equity program to fund strategic acquisitions and investments, particularly in the U.S. cannabis market. The shares will be sold at prevailing market prices, providing flexibility to capitalize on market conditions.
The at-the-market program allows Tilray to raise capital flexibly, which is crucial for funding strategic acquisitions and investments. This move is particularly significant given the anticipated regulatory changes in the U.S. cannabis market, which could provide substantial growth opportunities.
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