Canadian cannabis giant Tilray, Inc. (NASDAQ: TLRY) confirmed Wednesday that another independent proxy advisory firm is recommending that shareholders back all the company’s proposals at a special meeting scheduled for July 29. This time, the proxy advisory services company Glass Lewis also advised shareholders to vote in favor of the company’s dilution as well as other proposals.
Tilray, based in New York and Leamington, Ontario, previously released a proxy statement with an open letter from CEO Irwin D. Simon in which he called on shareholders to support proposals to be discussed up at the upcoming annual shareholders meeting.
Some two weeks later, Tilray announced that Institutional Shareholder Services (ISS), an independent proxy advisory firm, recommended Tilray shareholders approve the company’s propositions.
“We are pleased that the …