Underwriters in connection with Tilray Inc.'s IPO

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 Mike Sherman (Securities), and Michael Watts and Mark Austin (Regulatory).


Team
Rob  Lando
Key Contact

Rob Lando

Partner, Corporate

Jie Chai

Jie Chai

Associate, Corporate

Michael Sherman

Michael Sherman

Associate, Corporate

Michael Watts - Health and cannabis industries lawyer

Michael Watts

Partner, Corporate Commercial

Mark  Austin

Mark Austin

Partner, Commercial