Try our Advanced Search for more refined results

Tilray Investor Sues Over $3.8B Pot Industry Megamerger

By Emilie Ruscoe (March 16, 2021, 7:43 PM EDT) -- Cannabis giant Tilray has been hit with an investor suit accusing the Canadian company and its brass of misleading investors about a proposed CA$5 billion ($3.8 billion) merger to create what it says would be the world's largest cannabis enterprise. 

In the suit, filed Monday in Manhattan federal court, Tilray shareholder Patricia Violini alleges the company had filed an incomplete and misleading preliminary proxy statement urging shareholders to sign off on the company's plan to merge with Aphria Inc. and create an entity with an equity value of roughly $3.8 billion.

Tilray and Aphria announced their plan to merge in December....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Read the full article

Already a subscriber? Click here to login

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!