Tilray acquires $10.9M promissory note from JV partner, pays 6.1M shares

Tilray Brands, Inc.

Tilray acquired a $10,883,496 promissory note payable by Aphria Diamond from Double Diamond Holdings.
Consideration was 6,148,868 shares of Tilray common stock issued to DDH under Regulation S.
DDH is a joint venture partner with Tilray's subsidiary Aphria Inc. in Aphria Diamond.
Shares issued outside the U.S. to non-U.S. persons; no underwriter or commissions involved.

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$10,883,496 (effective 2024-04-30).

Action: entry
Counterparty: Double Diamond Holdings Ltd.
Value: USD$10,883,496
Effective: 2024-04-30

Exact text from the filing

On April 30, 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$10,883,496 (the “Note”) payable by 1974568 Ontario Limited (“Aphria Diamond”).

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Tilray Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-24-023601

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