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Cannabis Company Tilray's CEO Eyes Global, U.S. Opportunities After Megamerger


May 6, 2021 08:56 pm
By Chloe Aiello
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On the back of a megamerger with Aphria, the new Tilray is well-positioned to take advantage of global opportunities in cannabis, according to CEO Irwin Simon.
“Tilray today has a footprint all around the world,” said Simon, who previously led Aphria. “We are participating in a $100 billion category with tremendous growth opportunities around our brands and the categories that we participate in.”
The transaction closed Monday after shareholders approved the megamerger, and shares of the Tilray newly combined with pot producer Aphria kicked off trading on the Toronto Stock Exchange Wednesday under the ticker “TLRY.” They continue to trade on the Nasdaq Global Select Exchange, where the pot producer closed down more than 11 percent on Thursday. ....

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Senior execs Forsyth, Frasca and Lemieux leaving Shopify | Ottawa Business Journal


Three of Shopify’s highest-ranking executives are leaving the Ottawa-based e-commerce giant, OBJ has learned.
Chief talent officer Brittany Forsyth, chief legal officer Joe Frasca and chief technology officer Jean-Michel Lemieux are expected to end their lengthy tenures with the company in June.
Shopify co-founder and CEO Tobi Lütke broke the news to employees in an email on Wednesday morning. 
“Each one of them has their individual reasons but what was unanimous with all three was that this was the best for them and the best for Shopify,” Lütke said in the announcement obtained by OBJ.
“Each of them has completed 2-3 tours of duty in their careers at Shopify and have achieved incredible things that will live on as their legacy.” ....

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Farmers Edge raises $125.5 million in IPO


Farmers Edge launched on the Toronto Stock Exchange Wednesday, selling shares that brought it $125.5 million.
Those shares were purchased by National Bank Financial Inc., CIBC Capital Markets, Scotia Capital Inc., Canaccord Genuity Corp. and Raymond James Ltd.
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Farmers Edge raises $125.5 million in IPO Back to video
Fairfax Financial made deals prior to the public offering, which gives it 61.5 per cent ownership of Farmers Edge.
Chief financial officer David Patrick said there was demand for eight to nine times as many shares as on offer.
Farmers Edge directors, officers and employees took about $500,000 worth of shares. ....

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