On May 17, 2024, Tilray Brands, Inc., a global lifestyle and consumer packaged goods company, announced the initiation of an at-the-market equity program (ATM Program) to potentially offer and sell up to $250 million of its common stock. The equity distribution agreement was made with TD Securities (USA) LLC and Jefferies LLC, who may sell the common stock on or through the Nasdaq Global Select Market. The proceeds from the ATM Program are intended for strategic and accretive acquisitions or investments, particularly in the U.S. and international markets, in anticipation of regulatory advancements in the cannabis industry. The company has filed a prospectus supplement with the SEC and has stated that there is no obligation to sell the common stock...Show More

On May 17, 2024, Tilray Brands, Inc., a global lifestyle and consumer packaged goods company, announced the initiation of an at-the-market equity program (ATM Program) to potentially offer and sell up to $250 million of its common stock. The equity distribution agreement was made with TD Securities (USA) LLC and Jefferies LLC, who may sell the common stock on or through the Nasdaq Global Select Market. The proceeds from the ATM Program are intended for strategic and accretive acquisitions or investments, particularly in the U.S. and international markets, in anticipation of regulatory advancements in the cannabis industry. The company has filed a prospectus supplement with the SEC and has stated that there is no obligation to sell the common stock and may suspend offers or terminate the agreement at any time. The sales are restricted from being made in Canada or through the Toronto Stock Exchange. The equity distribution agreement includes customary representations, warranties, covenants, and indemnification rights, with the agents receiving up to a 3.0% commission on sales. The offering is pursuant to a shelf registration statement filed on October 7, 2022, and became effective immediately.