NEW YORK and LEAMINGTON, Ontario, Nov. 03, 2022 (GLOBE NEWSWIRE) — Tilray Brands, Inc. (“Tilray” or the “Company”) (NASDAQ | TSX: TLRY), a number one world cannabis-lifestyle and client packaged items firm, at present introduced that Institutional Shareholder Services (“ISS”) and Glass, Lewis & Co. (“Glass Lewis), both leading independent providers of proxy research and vote recommendations to the investment community, have recommended that Tilray stockholders vote “FOR” Proposal 3, the Company’s proposal to remove Tilray’s Class 1 widespread inventory on the Company’s Annual Meeting of Stockholders (the “Annual Meeting”) to be held on November 22, 2022.
“We are pleased that ISS and Glass Lewis agree that stockholders should support Proposal 3 at the upcoming Annual Meeting,” stated Irwin D. Simon, Tilray Brands’ Chairman and Chief Executive Officer. “The endorsement of the two major independent proxy advisory firms reaffirms our conviction that Proposal 3 is in the best interests of our stockholders and a critical part of our strategy to simplify our capital structure and modernize our corporate governance, which we believe will protect stockholders and promote accountability. We encourage stockholders to vote “FOR” Proposal 3 and all proposals at our upcoming Annual Meeting to assist sturdy company governance and oversight.”
In figuring out to suggest “FOR” Proposal 3, ISS famous1:
“This proposal will simplify and update the company’s governing documents to reflect that no shares of Class 1 common stock are outstanding, and none will be issued in the future. In addition, this will have no impact on the rights of current shareholders. Therefore, support for this proposal is warranted.”
Glass Lewis, which joined ISS in recommending “FOR” Proposal 3, famous1:
“Allowing one vote per share generally operates as a safeguard for common shareholders by ensuring that those who hold a significant minority of shares are able to weigh in on issues set forth by the board.”
Tilray urges shareholders to vote at present to assist these key initiatives to make sure finest company governance practices and assist the Company defend the affect of its stockholders. Your assist is necessary, regardless of what number of or how few shares you personal.
If you’ve any questions, or want any help in voting your shares, please contact Morrow Sodali LLC at (800) 449-0910 toll-free within the U.S. and Canada or (203) 658-9400 or by e mail at [email protected].
HELP TILRAY GROW!
VOTE “FOR” TODAY!
About Tilray Brands
Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), is a number one world hashish way of life and client packaged items firm with operations in Canada, the United States, Europe, Australia, and Latin America that’s altering individuals’s lives for the higher – one individual at a time – by inspiring and empowering a worldwide group to dwell their perfect life, enhanced by moments of connection and wellbeing. Tilray’s mission is to be probably the most accountable, trusted and market main hashish client merchandise firm on the earth with a portfolio of revolutionary, high-quality and beloved manufacturers that deal with the wants of the customers, prospects and sufferers we serve. A pioneer in hashish analysis, cultivation, and distribution, Tilray’s unprecedented manufacturing platform helps over 20 manufacturers in over 20 international locations, together with complete hashish choices, hemp-based meals, and craft drinks.
For extra info on how we open a world of wellbeing, go to www.Tilray.com and observe @tilray on all social platforms.
Forward-Looking Statements
Certain statements on this communication that aren’t historic details represent forward-looking info or forward-looking statements (collectively, “forward-looking statements”) below Canadian securities legal guidelines and inside the that means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are supposed to be topic to the “safe harbor” created by these sections and different relevant legal guidelines. Forward-looking statements will be recognized by phrases comparable to “forecast,” “future,” “should,” “could,” “enable,” “potential,” “contemplate,” “believe,” “anticipate,” “estimate,” “plan,” “expect,” “intend,” “may,” “project,” “will,” “would” and the adverse of those phrases or related expressions, though not all forward-looking statements include these figuring out phrases. Certain materials components, estimates, objectives, projections, or assumptions have been utilized in drawing the conclusions contained within the forward-looking statements all through this communication. Forward-looking statements embody statements concerning our intentions, beliefs, projections, outlook, analyses, or present expectations regarding, amongst different issues: the Company’s skill to turn into the world’s main cannabis-focused client branded firm; the Company’s skill to realize market share and income progress specifically markets, together with in Canada, the U.S. and the EU; our skill to realize $4B in income by the top of fiscal 2024 and projected value financial savings; and the probability and timing of any hashish laws within the U.S., Germany and different jurisdictions. Many components may trigger precise outcomes, efficiency, or achievement to be materially totally different from any forward-looking statements, and different dangers and uncertainties not presently identified to the Company or that the Company deems immaterial may additionally trigger precise outcomes or occasions to vary materially from these expressed within the forward-looking statements contained herein. For a extra detailed dialogue of those dangers and different components, see probably the most lately filed annual info type of Tilray and the Annual Report on Form 10-Ok (and different periodic reviews filed with the SEC) of Tilray made with the SEC and accessible on EDGAR. The forward-looking statements included on this communication are made as of the date of this communication and the Company doesn’t undertake any obligation to publicly replace such forward-looking statements to mirror new info, subsequent occasions, or in any other case except required by relevant securities legal guidelines.
Contacts
For media inquiries, please contact:
Berrin Noorata
[email protected]
For investor inquiries, please contact:
Raphael Gross 203-682-8253
[email protected]
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1 Permission to make use of quotations neither sought nor obtained. Emphasis added.
