{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-009862","form_type":"8-K","ticker":"TLRY","cik":"0001731348","company_name":"Tilray Brands, Inc.","filed_at":"2023-04-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.281484+00:00","generated_at":"2026-06-17T04:14:10.629211+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Tilray Q3 revenue $145.6M, adj EBITDA $14M; acquires HEXO for ~$56M in stock","bullets":["Net revenue $145.6M (+1.0% QoQ); adjusted gross margin 30% (vs 26% YoY).","Adjusted EBITDA $14.0M, 16th consecutive positive quarter; reiterates FY2023 EBITDA guidance $60-66M.","Acquires all HEXO shares at 0.4352 TLRY per HEXO share, total ~$56M; expected close June 2023.","HEXO acquisition projected to give Tilray ~12.9% pro-forma Canadian market share and ~$215M pro-forma net sales.","Cash and marketable securities $408.3M; non-cash $1.1B asset impairment from higher rates and market cap decline."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-009862","json":"https://secwatch.observer/filing/0001437749-23-009862.json","markdown":"https://secwatch.observer/filing/0001437749-23-009862.md","text":"https://secwatch.observer/filing/0001437749-23-009862.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1731348/000143774923009862/0001437749-23-009862-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1731348/000143774923009862/tlry20230410_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T04:14:10.629211+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2159ab4faf83bd819e9611f4758fe5771055bad8","claim":"Tilray Brands, Inc. entered into Arrangement Agreement with HEXO Corp. (effective 2023-04-10).","evidence_excerpt":"On April 10, 2023, Tilray Brands, Inc. (the “ Company ” or “ Tilray ”) entered into an arrangement agreement (the “ Arrangement Agreement ”) with HEXO Corp. (“ HEXO ”) to acquire all of the outstanding common shares of HEXO","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1731348/000143774923009862/0001437749-23-009862-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"HEXO Corp."},{"label":"Effective","value":"2023-04-10"}],"fact_type":"material_agreement"},{"claim_id":"e2ff50e2f4310e488d4782a2637bd8912419fdf9","claim":"Tilray Brands, Inc. entered into Letter Agreement with HEXO Corp. valued at approximately $18.5 million (effective 2023-04-10).","evidence_excerpt":"Tilray and HEXO also entered into a letter agreement (the “ Letter Agreement ”) that requires HEXO to pay Tilray an aggregate amount of approximately $18.5 million as an amendment fee and in satisfaction of certain fees and amounts owing by HEXO to Tilray.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1731348/000143774923009862/0001437749-23-009862-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"HEXO Corp."},{"label":"Value","value":"approximately $18.5 million"},{"label":"Effective","value":"2023-04-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}