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Tilray Inc. (TLRY) Is Losing Ground On Offering News

Tilray Inc. (TLRY) announced after the bell Wednesday that it intends to offer $400 million aggregate principal amount of Convertible Senior Notes due 2023 in a private placement. The stock is now down 9.73 on 269K shares.

Tilray gapped open higher Wednesday, but traded in a range for the majority of the session. The stock ended the day with a gain of 18.66 at $156.83.

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