Tilray’s CEO Looks to Authorize More Shares and Google Deals with 2 Lawsuits at the Same Time
Tilray is a Canadian pharmaceutical and cannabis company, incorporated in the United States with primary operations headquartered in Toronto, Ontario. Tilray also has operations in Australia, New Zealand, Germany, Portugal, and Latin America. Tilray, the weed stock is one of the most popular stocks within the Canadian cannabis industry.
Some analysts certainly believe there is still room for it to rise higher, however, with not many states in the US seeing weed as legal the future growth is still up in the air. Recently, Tilray’s CEO has been looking to authorize more shares of the stock. Specifically, the company has asked shareholders to support a proposal allowing it to authorize additional shares to boost growth. Tilray’s size is coming close to rivaling Canopy Growth, the current number one pot stock after Tilray merged with a competitor (Aphria) earlier this year.
Google LLC is an American multinational technology company that specializes in Internet-related services and products, which include online advertising technologies, a search engine, cloud computing, software, and hardware. It is considered one of the big four Internet stocks along with Amazon, Facebook, and Apple. Google also owns YouTube and many other smaller websites and projects. Google is under the parent company “Alphabet” which has both class A and B shares.
Recently Google has come under multi-directional legal fire, with one lawsuit on YouTube coming from former president Trump, another more difficult suit coming from states targeting the Google Play Store. Specifically, attorneys general in 36 states and the District of Columbia sued Google late Wednesday, claiming violations of antitrust law. This is not the first time Google and other tech giants have faced heat for antitrust violations.
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