New York – Paul Hastings LLP, a leading global law firm, announced today that the firm represented the Special Committee of the Board of Directors of Tilray, Inc., a global pioneer in the research, cultivation, production and distribution of cannabis and cannabinoids, in the signing of a definitive merger agreement with its largest stockholder, Privateer Holdings, Inc. The terms of the agreement provide for the cancellation of the 75 million shares currently owned by Privateer and the issuance of up to 75 million Tilray shares to Privateer’s equity holders.
The Paul Hastings team was comprised of partners Luke Iovine, Kevin Logue, Elizabeth Noe and Jason Rabbitt-Tomita; of counsel Erik Lindemann; associates Bianca Ponziani and Asna Shah and Alexander Baker.
Tilray and Privateer previously announced the signing of a non-binding Letter of Intent for this transaction on June 10, 2019. The transaction has been unanimously approved by each of the Special Committee of Tilray’s Board of Directors and Privateer’s Board of Directors.
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