January 11, 2019 / 1:16 PM / 9 months ago

BUZZ-Tilray: Surges as PE firm says no plans to sell stake

** Shares of Canada’s medical cannabis company surge 20 pct to $96.50 premarket

** PE firm Privateer Holdings Inc says it does not have plans to sell Tilray shares during H1 2019

** Privateer owns 75 mln shares of TLRY, with lock-up expiring next week

** “When we decide to distribute shares, we will do so in an orderly and deliberate manner to maximize tax-efficiency considerations for Privateer investors, while also taking into consideration potential impacts on Tilray’s public float,” Michael Blue, Managing Partner of Privateer, says

** Including Thursday’s close, stock has jumped more than 5 times of its July 2018 IPO price of $17/shr (Reporting By Shradha Singh in Bengaluru)

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