Tilray Brands Inc.
Tilray Brands Acquires Promissory Note in Exchange for Shares
Summary
On April 30, 2024, Tilray Brands, Inc. entered into an assignment and assumption agreement with Double Diamond Holdings Ltd., acquiring a promissory note of USD$10,883,496 in exchange for issuing 6,148,868 shares of its common stock. The shares were issued in reliance on Regulation S, exempting the offer and sale of securities by Tilray outside the United States. No underwriter participated in the offer and sale of the shares, and no commission or other remuneration was paid.
Profitelligence Alerts
Get alerts for TLRY
Be first to know when Tilray Brands Inc. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Tilray Brands Inc.
Tilray Brands Inc. is a pioneering player in the emerging global cannabis industry. A diversified company, it engages in the research, cultivation, production, and distribution of cannabis and hemp-based products. Tilray's primary function is to develop, produce, and distribute a wide range of medicinal and recreational cannabis products, including dried flower, extracts, and edibles. The company also produces hemp foods and alcoholic beverages. Founded in 2013, Tilray has rapidly gained a significant foothold, serving both medical patients and recreational consumers in multiple countries, including Canada, the United States, and parts of Europe. Tilray Brands Inc. operates within an industry that intersects with pharmaceuticals, consumer goods, and agriculture, heavily impacting sectors such as healthcare, wellness, and food and beverages. Through strategic acquisitions and partnerships, Tilray broadens its product offerings and global market presence. Its emphasis on research and innovation propels its market significance, especially as the demand for alternative wellness products grows. With the cannabis sector continuing to evolve, Tilray is poised as a key contributor to shaping market dynamics, establishing itself as a reputable brand committed to high-quality cannabis and cannabinoid-based products.
Official SEC Documents
Advertisement