Tilray, Inc. (TLRY) Acquires $23.79M Promissory Note

On September 16, 2024, Tilray, Inc. (NASDAQ: TLRY), 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$23,791,657 (the “Note”) payable by 1974568 Ontario Limited (“Aphria Diamond”). DDH is a joint venturer with Aphria Inc., Tilray’s direct and wholly-owned subsidiary, in Aphria Diamond.

You May Also Be Interested In

• Instinct Bio signs term sheet for $150M equity purchase facility
• ALLO Fiber partners with Vida to offer AI agents to businesses
• Benchmark Reiterates Hold Rating on Bank of Hawaii (BOH)