---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-001605"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2024-01-10T23:59:59+00:00"
generated_at: "2026-06-07T00:58:47.137620+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Tilray acquires $26.1M promissory note from joint venture partner, issues 12.4M shares

## Summary
- Entered assignment and assumption agreement with Double Diamond Holdings (DDH) to acquire a $26,134,500 promissory note.
- Note is payable by Aphria Diamond, a joint venture between DDH and Tilray subsidiary Aphria Inc.
- Issued 12,386,019 shares of common stock to DDH as consideration under Regulation S exemption.
- No underwriter or commission was paid in connection with the share issuance.

## SEC filing metadata
- accession: 0001140361-24-001605
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2024-01-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000114036124001605/0001140361-24-001605-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000114036124001605/ny20018394x2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-001605
- JSON: https://secwatch.observer/filing/0001140361-24-001605.json
- Plain text: https://secwatch.observer/filing/0001140361-24-001605.txt

## Key facts
- Material Agreements
  Tilray Brands, Inc. entered into Assignment and Assumption Agreement with Double Diamond Holdings Ltd. valued at USD$26,134,500.00 (effective 2024-01-09).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Double Diamond Holdings Ltd.
  - Value: USD$26,134,500.00
  - Effective: 2024-01-09
  source text: On January 9, 2024, 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$26,134,500.00 (the “ Note ”) payable by 1974568 Ontario Limited (“ Aphria Diamond ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036124001605/0001140361-24-001605-index.htm

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