A lawsuit filed in the U.S. by a Tilray investor alleges senior executives breached their fiduciary duties and sold shares at “artificially inflated prices.”
MJ Biz Daily
- A Tilray spokesperson declined to comment to MJBiz.
- Apparently separately, In March, Tilray sold discounted stock in a lock-up deal that expired last week. Tilray’s stock price is now double the discounted rate at which it sold stock in March.
Bloomberg
In Other Corporate News:
Organigram inked a deal to export 3,000 kg of “indoor-grown dried flower” to Israeli MED company Canndoc.
MJ Biz Daily
- In 2019, LPs exported 3,700 litres of MED oil to Australia, 790 litres to Germany, and 336 litres to Denmark.
MJ Biz Daily
Aurora announced president and director Steve Dobler will retire at the end of June. Dobler’s held those positions since December, 2014.
Globela
CanAccord Genuity suspended cannabis coverage after laying off its sector analysts.
Twitter–@_deepakanand
REC retailer Fire & Flower increased Q1 fiscal revenue 142% year over year.
New Cannabis Ventures
Following on a similar statement from Valens last week, Neptune Wellness Solutions stressed it’s more than just an extractor–it’s a “wellness brand.”
NewsWire, Twitter–@BettingBruiser
