Tilray exchanges $18.5 million 5.25% convertible notes due 2024

By William Gullotti

Buffalo, N.Y., Dec. 21 – Tilray Brands, Inc. closed two debt-for-equity exchange transactions on Dec. 15 and Dec. 21, according to an 8-K filing with the Securities and Exchange Commission.

Together, the transactions exchanged $18.5 million of the company’s 5.25% convertible senior notes due 2024 for 9,601,538 shares of the company’s common stock.

Tilray is a Leamington, Ont.-based cannabis and consumer packaged goods company.

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