Tilray Brands Inc.
Tilray Brands, Inc. Authorizes Share Increase
Summary
On December 19, 2024, Tilray Brands, Inc. (TLRY) held its reconvened 2024 annual meeting of stockholders where shareholders approved an increase to the number of shares of common stock the Company is authorized to issue from 1,208,000,000 to 1,426,000,000. The vote count was 223,308,317 For, 153,472,546 Against, and 6,498,861 Abstain.
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About Tilray Brands Inc.
Tilray Brands Inc. is a pioneering player in the emerging global cannabis industry. A diversified company, it engages in the research, cultivation, production, and distribution of cannabis and hemp-based products. Tilray's primary function is to develop, produce, and distribute a wide range of medicinal and recreational cannabis products, including dried flower, extracts, and edibles. The company also produces hemp foods and alcoholic beverages. Founded in 2013, Tilray has rapidly gained a significant foothold, serving both medical patients and recreational consumers in multiple countries, including Canada, the United States, and parts of Europe. Tilray Brands Inc. operates within an industry that intersects with pharmaceuticals, consumer goods, and agriculture, heavily impacting sectors such as healthcare, wellness, and food and beverages. Through strategic acquisitions and partnerships, Tilray broadens its product offerings and global market presence. Its emphasis on research and innovation propels its market significance, especially as the demand for alternative wellness products grows. With the cannabis sector continuing to evolve, Tilray is poised as a key contributor to shaping market dynamics, establishing itself as a reputable brand committed to high-quality cannabis and cannabinoid-based products.
Official SEC Documents
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