Wednesday, October 8, 2025

Latest

Tilray Sees Gotham Green Look To Sell Recently Acquired Shares

It appears that Gotham Green Partners has approximately zero interest in being a shareholder of Tilray Inc (TSX: TLRY) (NASDAQ: TLRY). On Friday, the issuer filed an 8-K indicating that the fund was already looking to sell its stake in the company that it just recently obtained.

In total, Gotham Green and its affiliates are looking to sell up to 9.8 million shares of Tilray, as per a secondary offering filed on Friday. A total of 8.4 million common shares are held directly by Gotham Green, while a further 1.1 million are held by Pura Vida, and 0.3 million are held by Parallax.

The shares being sold are believe to have just recently been obtained, in connection with Tilray’s purchase of certain outstanding convertible notes in Medmen Enterprises (CSE: MMEN).

With a proposed maximum offering price of $12.68, the offering is expected to provide up to $124.5 million in gross proceeds from the selling shareholders, from which Tilray will see nothing.

A timeline for the transaction was not provided, with the prospectus also acting as a registration statement for the shares.

Tilray last traded at $15.45 on the TSX.


Information for this briefing was found via Edgar and Tilray. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Tilray Brands Posts Flat Revenue In Q1 2023

Tilray Brands (TSX: TLRY) this morning posted its first quarter financial results, with revenues staying...

Friday, October 7, 2022, 08:26:05 AM

Tilray Sees Haywood Slash Price Target To $12.50

On October 7, Tilray Inc (TSX: TLRY) reported their first quarter financial results for the...

Sunday, October 10, 2021, 04:49:00 PM

Is the End of the Line Near for MedMen?

It’s long been known by cannabis industry followers that MedMen Enterprises (CSE: MMEN) has a...

Tuesday, June 11, 2019, 07:30:12 AM

Tilray Posts Q2 Earnings

Tonight after the bell, Tilray (NASDAQ: TLRY) released their second quarter earnings. Which included the...

Tuesday, August 13, 2019, 09:49:48 PM

Democrats Take Aim At “Big Cannabis” In Proposed CAOC Legislation

It appears that the federal legalization of cannabis in the United States might not be...

Tuesday, September 7, 2021, 05:33:00 PM