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Stock impact report

Tilray Sees Dead Cat Bounce [Seeking Alpha]

Tilray Brands, Inc. (TLRY) 
Last tilray brands, inc. earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
Tilray Sees Dead Cat Bounce In the end, I believe that all bubbles burst, and that certainly has been the case with Canadian cannabis firm Tilray ( TLRY bearish on the name Source: Yahoo! Finance) One of the reasons I was so bearish on the name is that after going public, there was a very small amount of stock available in the market. Unfortunately after a time, that situation was likely to change, with millions of shares being able to be sold by insiders. In this case, Privateer Holdings, which owns a majority of Tilray, was going to need to come up with a plan for its position, and we got the update Pursuant to the terms of the proposed transaction, the shares of Tilray stock distributed in the merger would be subject to a lock-up allowing for the sale of such shares only under certain circumstances over a two-year period. During the first year following the closing of the merger, shares will be released only pursuant to marketed offerings and/or block trades to institutional invest Show less Read more
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