---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-032289"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2023-06-30T23:59:59+00:00"
generated_at: "2026-06-13T14:11:35.973399+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-032289
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000114036123032289/0001140361-23-032289-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000114036123032289/ny20009645x2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-032289
- JSON: https://secwatch.observer/filing/0001140361-23-032289.json
- Plain text: https://secwatch.observer/filing/0001140361-23-032289.txt

## Key facts
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036123032289/0001140361-23-032289-index.htm

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