Examples of ABG Agreement in a sentence
With respect to the ABG Agreement, the 2019 10-K stated:[Tilray] currently ha[s], and may expand the scope of, and may in the future enter into, strategic alliances with third parties that we believe will complement or augment our existing business.
With respect to the ABG Agreement, the Q3 2019 10-Q stated:[Tilray] currently ha[s], and may expand or reduce the scope of, and may in the future enter into, strategic alliances with third parties that we believe will complement or augment our existing business.
With respect to the ABG Agreement, the Q2 2019 10-Q stated:[Tilray] currently ha[s], and may expand or reduce the scope of, and may in the future enter into, strategic alliances with third parties that we believe will complement or augment our existing business.
Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the purported advantages of the ABG Agreement were significantly overstated; (ii) the underperformance of the ABG Agreement would foreseeably have a significant impact on the Company’s financial results; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.
The press release touted the Company’s entry into the ABG Agreement, describing it as one of Tilray’s “Business Highlights” for the year: [Tilray] [a]nnounced a long-term revenue sharing agreement with Authentic Brands Group (“ABG”) to leverage their portfolio of brands and develop, market and distribute consumer cannabis products across the world.
With respect to the ABG Agreement, the Q1 2019 10-Q stated:[Tilray] currently ha[s], and may expand the scope of, and may in the future enter into, strategic alliances with third parties that we believe will complement or augment our existing business.
The press release touted the Company’s entry into the ABG Agreement, describing it as one of Tilray’s “Business Highlights” for the quarter: [Tilray] [c]ompleted a long-term revenue sharing agreement with Authentic Brands Group (ABG) to leverage their portfolio of brands and develop, market and distribute consumer cannabis products across the world.
Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the purported advantages of the ABG Agreement were significantly overstated; (ii) the underperformance of the ABG Agreement would foreseeably have a significant impact on the Company’s financial results;and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Further, according to FE 3, only two Tilray representatives, one of whom was defendant Kennedy, negotiated the ABG Agreement.
The statement was also false for the reasons set out in ¶152 above, namely that the regulatory uncertainty and its consequences that caused Tilray to impair the ABG Agreement in Q4 2019 already existed in Q3 2019.