ROTH Capital Partners Acts as Lead Manager
for Tilray, Inc. (Nasdaq:TLRY)
in its $176 Million IPO

   

For more information please contact:

Investment Banking
Murray Huneke
Managing Director
Co-Head of Consumer
Investment Banking
(650) 743-8167
mhuneke@roth.com

Jacob Frank
Director
(949) 720-7135
jfrank@roth.com

Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
agurewitz@roth.com
 
Nazan Akdeniz
Senior Vice President
(949) 720-5740
nakdeniz@roth.com
 
Lou Ellis
Senior Vice President
(949) 720-5739
lellis@roth.com

Transaction Information
Tilray, Inc. (“Tilray”), a vertically-integrated and federally-licensed cannabis cultivator, processor and distributor based in Canada, has completed its initial public offering of 10,350,000 shares of common stock which includes the sale of an additional 1,350,000 shares pursuant to a full exercise of the over-allotment option granted to the underwriters. The shares were sold at the public offering price of $17.00 per share, above its price range of $14.00 - $16.00, resulting in gross proceeds to Tilray of approximately $176 million. The shares began trading on the Nasdaq Global Select Market on July 19, 2018 under the symbol “TLRY.”

ROTH Capital Partners acted as lead manager for the offering.

About Tilray, Inc.
Tilray is a global pioneer in the research, cultivation, production and distribution of medical cannabis and cannabinoids. Tilray was the first licensed producer of medical cannabis in the world to have its facility Good Manufacturing Practices (GMP) certified in accordance with European Medicine Agency (EMA) standards. The company currently serves tens of thousands of patients, physicians, pharmacies, governments, hospitals, and researchers in eight countries spanning four continents through its affiliated entities in Australia and New Zealand (Tilray Australia New Zealand Pty Ltd), Canada (Tilray Canada Ltd), Germany (Tilray Deutschland GmbH), and Portugal (Tilray Portugal Unipessoal Lda). For more information, please visit www.tilray.com.
(Source: http://ir.tilray.com | 7/19/18)

About ROTH Capital Partnerss
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. For more information on ROTH, please visit www.roth.com.

Date of Announcement: 7/31/18

The material, information and  facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC ("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of ROTH. Copyright 2018.