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Privateer Says Does Not Plan To Register, Sell Or Distribute Its Tilray Shares

Responding to market speculation regarding its Tilray shareholding, private equity firm Privateer Holdings Inc. said that it does not have plans to register, sell or distribute the 75 million shares that Privateer owns in Tilray Inc. (TLRY) when the lock-up expires next week.

Michael Blue, Managing Partner of Privateer Holdings, said, "Privateer Holdings strongly believes in Tilray's long-term global growth strategy and pioneering role in shaping the future of the legal cannabis industry. Given this, we do not have plans to register, sell or distribute the shares Privateer holds in Tilray during the first half of 2019.

Michael Blue said,"When we decide to distribute shares, we will do so in an orderly and deliberate manner to maximize tax-efficiency considerations for Privateer investors, while also taking into consideration potential impacts on Tilray's public float. And we will do it in a way that reflects our long-term confidence in Tilray's business model and management team."

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