- Tilray (NASDAQ:TLRY) inks a non-binding letter of intent with top shareholder Privateer Holdings to extend the lock-up period for up to two years on the 75M common shares held by Privateer. The transaction is aimed at the orderly release of the stock, representing 77% of Tilray's outstanding shares, to Privateer's equity holders.
- Shares are up 8% premarket on light volume.