Tilray Inc.

The Underwriters in connection with the cross-border IPO and NASDAQ listing of Tilray Inc.

Client

Cowen and Company, LLC and BMO Nesbitt Burns Inc., as representatives of the Underwriters

Value

US$175 million

Service

Capital Markets

Date Closed

July 2018

Lead Office

New York


 

On June 20, 2018, Tilray Inc. announced the filing of a registration statement with the U.S. Securities and Exchange Commission for an initial public offering (“IPO”) of shares of its Class 2 common stock in the United States and Nasdaq listing. Tilray also filed a preliminary prospectus for an IPO in Canada in each province except Québec. The offering, including the exercise of the over-allotment option, closed on June 23, 2018, raising approximately US$175 million in the combined U.S. and Canadian offering.

Tilray Inc. is a British Columbia-based cannabis cultivator, processor and distributor, federally licensed in Canada.

Osler, Hoskin & Harcourt LLP represented the Underwriters (led by Cowen and BMO Capital Markets) as both U.S. and Canadian legal counsel, with a team led by Rob Lando and including Jie Chai and Michael Sherman (Securities), Mark Austin and Michael Watts (Cannabis regulatory), Barry Fong (Intellectual Property), Jennifer Lee and Greg Wylie (Tax) and Lynne Lacoursiere (Executive Compensation).


Team
Rob Lando
Key Contact

Rob Lando

Partner, Corporate

Jie Chai

Jie Chai

Associate, Corporate

Michael Watts - Health and cannabis industries lawyer

Michael Watts

Partner, Corporate Commercial

Mark  Austin

Mark Austin

Partner, Commercial

Barry Fong

Barry Fong

Partner, Intellectual Property

Jennifer Lee

Jennifer Lee

Partner, Taxation

Gregory  Wylie

Gregory Wylie

Partner, Taxation

Lynne Lacoursière - Corporate Lawyer

Lynne Lacoursière

Partner, Corporate