---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-023601"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:05:25.875420+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-24-023601
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000114036124023601/0001140361-24-023601-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000114036124023601/ny20028042x2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-023601
- JSON: https://secwatch.observer/filing/0001140361-24-023601.json
- Plain text: https://secwatch.observer/filing/0001140361-24-023601.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036124023601/0001140361-24-023601-index.htm

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