- Global cannabis stock Tilray Brands (TSX:TLRY) intends to raise up to US$250 million through an at-the-market equity program to fund its U.S. expansion plan
- The move intends to capitalize on the pending U.S. reclassification of cannabis as a lower-risk drug
- Tilray is a global cannabis and consumer packaged goods company managing more than 20 brands in more than 20 countries
- Tilray stock has given back 10.77 per cent year-over-year and 85.24 per cent over the past five years
Global cannabis stock Tilray Brands (TSX:TLRY) intends to raise up to US$250 million through an at-the-market equity program to fund its U.S. expansion plan.
It intends to use the funds for investments or acquisitions to unlock value from regulatory advancements or other prospective expansion opportunities.
TD Securities and Jefferies are acting as distributors, allowing them to sell TLRY stock according to timing, quantity and…
