Tilray acquires $8.06M promissory note, issues 5.0M shares to joint venture partner DDH

Tilray Brands, Inc.

Acquired USD $8,057,622 promissory note payable by Aphria Diamond from DDH, a joint venture partner.
Issued 5,004,735 shares of common stock to DDH as consideration for the note.
Shares issued under Regulation S exemption; no underwriter or commissions involved.
DDH is a joint venturer with Tilray's subsidiary Aphria Inc. in Aphria Diamond.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Tilray Brands, Inc. entered into Assignment and Assumption Agreement with Double Diamond Holdings Ltd. valued at USD$8,057,622 (effective 2023-06-30).

Action: entry
Counterparty: Double Diamond Holdings Ltd.
Value: USD$8,057,622
Effective: 2023-06-30

Exact text from the filing

On June 30, 2023, Tilray Brands, Inc., a Delaware corporation (“ Tilray ”), 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$8,057,622 (the “ Note ”) payable by 1974568 Ontario Limited (“ Aphria Diamond ”).

View on SEC.gov

Browse all material agreements →

Tilray Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-032289

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.