Skip to main content

Canadian cannabis company Tilray Inc. (TLRY) - Get Tilray, Inc. Report announced that it upsized its debt offering to $450 million from $400 million while also pricing the offering of the convertible senior notes due 2023. 

Tilray shares were up 0.65% after rising 4.3% in premarket trading.

Tilray also granted the initial purchasers of the notes an option to buy an additional $67.5 million aggregate principal amount of notes. The sale of the notes to the initial purchasers will be settled on Oct. 10.

The company expects to raise $435 million from the that offering. 

TheStreet Recommends

While Tilray shares jumped, shares of India Globalization Capital Inc. (IGC) - Get India Globalization Capital, Inc. Report fell 26.24% though there was no news prompting the decline. The stock fell 27.57% during Thursday's session. 

Want to Buy $1 Worth of Stock for 90 Cents or Less? You can with certain so-called "closed-end" mutual funds - an often overlooked investment class. Click here to register for a free online video in which TheStreet's retirement expert Robert Powell and an all-star panel tell you all you need to know. The webinar is sponsored by Nuveen.