---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-014692"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2026-04-15T23:59:59+00:00"
generated_at: "2026-05-15T06:08:47.600819+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tilray acquires UK medical platform Lyphe; files $180M ATM for beverage expansion

## Summary
- Acquired Lyphe Group, a UK medical cannabis clinic/pharmacy; dispensed ~150K units, treated 16K+ patients; expected accretive in 2027.
- Filed ATM equity program of up to $180M to invest in global beverage platform; managed by Jefferies, TD Securities, Roth Capital.
- BrewDog (acquired six weeks ago) stabilizing; expects cash-flow positive in 2027; investing in brand and brewpub modernization.
- Plans to launch Hi*Ball Energy in UK in May; evaluating US medical cannabis rescheduling and CMS pilot program.

## SEC filing metadata
- accession: 0001140361-26-014692
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2026-04-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000114036126014692/0001140361-26-014692-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000114036126014692/ny20066669x2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-014692
- JSON: https://secwatch.observer/filing/0001140361-26-014692.json
- Plain text: https://secwatch.observer/filing/0001140361-26-014692.txt

## Source-grounded claims
- claim_id: d5930850e4efb8953bc1e1e1690b978435b13422
  claim: Tilray Brands, Inc. entered into Sales Agreement with Jefferies LLC, TD Securities (USA) LLC and Roth Capital Partners, LLC valued at up to $180,000,000 (effective 2026-04-15).
  evidence_excerpt: On April 15, 2026 Tilray Brands, Inc. (the “ Company ” or “ Tilray ”) entered into an Open Market Sale Agreement SM (the “ Sales Agreement ”) with Jefferies LLC, TD Securities (USA) LLC and Roth Capital Partners, LLC (each, an “ Agent ” and together, the “ Agents ”), pursuant to which the Company may offer and sell shares of the Company’s common stock, par value US$0.0001 per share (the “ Common Stock ”), having an aggregate offering price of up to $180,000,000 from time to time through the Agents, acting as sales agents, or directly to the Agents, acting as principals.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036126014692/0001140361-26-014692-index.htm

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