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Tilray Named to Time's Inaugural List of the Time100 Most Influential Companies


Press release content from Business Wire. The AP news staff was not involved in its creation.
Tilray Named to Time’s Inaugural List of the Time100 Most Influential Companies
April 27, 2021 GMT
NANAIMO, British Columbia (BUSINESS WIRE) Apr 27, 2021
Tilray, Inc. (NASDAQ: TLRY), a global pioneer in cannabis research, cultivation, production, and distribution, today announced that the company has been included in the inaugural list of
TIME’s 100 Most Influential Companies. The new list an expansion of the annual TIME100 franchise highlights 100 businesses making an extraordinary impact around the world.
(Graphic: Business Wire)
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Brendan Kennedy, Tilray’s Chief Executive Officer, said, “On behalf of every Tilray employee, we feel extremely honored by TIME’s recognition as it provides validation for the myriad accomplishments and milestones that have marked Tilray’s status as a pioneer in the global cannabis industry. Now, a ....

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Technology Advancements Helping Cannabis Cultivation Operations To Run More Efficiently


Technology Advancements Helping Cannabis Cultivation Operations To Run More Efficiently
Financialnewsmedia.com News Commentary
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PALM BEACH, Fla., April 20, 2021 /PRNewswire/  The demand for hemp is rapidly growing, as many developed countries have legalized the cultivation and processing of hemp after recognizing the levels of CBD present in it, which is leading to an increased demand for hemp extracts for various application in several sectors, including pharmaceuticals, cosmetics, nutraceuticals, and food & beverage. Hemp is regarded as an agricultural commodity produced in over 40 countries. It is a strain of cannabis Sativa, part of the genus cannabis, with THC content as low as 0.3%. Countries such as China, Canada, France, Chile, South Korea, Ecuador, Croatia, Czech Republic, Mongolia, Romania, and Russia are some of the major producers of hemp across the world. A report from Grand View Research said that the global can ....

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Aphria One Step Closer To Merging With Tilray, Shareholders Overwhelmingly Approve The Deal


Tilray Inc. (NASDAQ:TLRY) after its shareholders approved the arrangement at a special meeting.
The special resolution approving the arrangement had to be endorsed by a minimum of two-thirds (66.6%) of the votes cast at the meeting. The merger got a 99.38% approval rate.
The Deal
Under the agreement, Aphria shareholders will obtain 0.8381 of a Tilray class 2 share for each Aphria share owned. Tilray shareholders keep their Tilray shares with no changes in ratios.
The merger was first announced back in December, when it was projected it would form the world’s largest company based on pro forma revenue. The deal was also praised by Cantor Fitzgerald’s analyst Pablo Zuanic, who said that it “makes sense” and that the Canadian cannabis sectors could use consolidation moves to help its oversupply issues. ....

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