Tilray Acquires $23.8M Promissory Note In Deal With Double Diamond On Heels Of Brewery Acquisition
Tilray Brands, Inc. (NASDAQ:TLRY) agreed to acquire a promissory note from Ontario-based Double Diamond Holdings Ltd (DDH) for $23.8 million, according to a regulatory filing.
DDH is a joint venture with Aphria Inc., Tilray’s direct and wholly-owned subsidiary, in Aphria Diamond.
In return, Tilray issued 13,217,588 shares of its common stock at $0.0001 per share to DDH.
The company said no underwriter took part in the offer and sale of the consideration shares, and no commission or other remuneration was paid or given directly or indirectly in connection with the deal.
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