What’s Going On With Tilray Stock Tuesday?
Tilray Brands Inc (NASDAQ:TLRY) shares are trading higher. The company on Tuesday announced a private debt-for-equity deal.
What Happened: In a new regulatory filing, Tilray said it entered into a private debt-for-equity exchange transaction with an unrelated party. The company expects to issue an aggregate of up to 13.1 million shares in exchange for $19.8 million aggregate principal amount of its 5.25% Convertible Senior Notes due June 1, 2024.
Tilray said after giving effect to the exchange transaction, there are no 2024 Convertible Notes that remain outstanding as of Tuesday.
Separately, Tilray subsidiary Breckenridge Brewery and 97.3 KBCO (iHeartMedia-Denver) announced the next “On Top with KBCO” event featuring live music at the Breckenridge Brewery in Littleton on Sept. 7. The charity …