---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-007736"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:08:19.990276+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Tilray acquires $6.65M note from DDH, issues 2.2M common and 120K Series A preferred shares

## Summary
- Acquired promissory note of $6,648,304 from Double Diamond Holdings (DDH) in exchange for 2,208,739 Class 2 common shares and 120,000 Series A preferred shares.
- Series A Preferred Stock has 1,000 votes per share, voting only on Charter Amendments to simplify capital structure to two classes.
- DDH entered Voting Agreement to vote shares in favor of Charter Amendments and granted irrevocable proxy to Tilray.
- Preferred Stock automatically converts to Common Stock upon stockholder approval of Charter Amendments.
- Transfer of Preferred Stock is restricted under Voting Agreement.

## SEC filing metadata
- accession: 0001140361-23-007736
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000114036123007736/0001140361-23-007736-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000114036123007736/ny20007663x2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-007736
- JSON: https://secwatch.observer/filing/0001140361-23-007736.json
- Plain text: https://secwatch.observer/filing/0001140361-23-007736.txt

## Key facts
- Material Agreements
  Tilray Brands, Inc. entered into Assignment and Assumption Agreement with Double Diamond Holdings Ltd. valued at Tilray acquired a promissory note in the amount of USD$6,648,304; Tilray issued 2,208,739 shares of (effective 2023-02-21).
  - Action: entry
  - Counterparty: Double Diamond Holdings Ltd.
  - Value: Tilray acquired a promissory note in the amount of USD$6,648,304; Tilray issued 2,208,739 shares of
  - Effective: 2023-02-21
  source text: On February 21, 2023, Tilray Brands, Inc., a Delaware corporation (“ Tilray ” or the “ Company ”), entered into an assignment and assumption agreement (the “ Assignment and Assumption Agreement ”) with Double Diamond Holdings Ltd. (“ DDH ”), an Ontario corporation, pursuant to which, among other things, Tilray acquired from DDH a promissory note in the amount of USD$6,648,304 (the “ Note ”) payable by 1974568 Ontario Limited (“ Aphria Diamond ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036123007736/0001140361-23-007736-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.