Summary by Moomoo AI
On September 16, 2024, Tilray Brands entered into an assignment and assumption agreement with Double Diamond Holdings Ltd. (DDH), acquiring a promissory note worth USD$23,791,657 payable by Aphria Diamond. As consideration, Tilray issued 13,217,588 shares of its common stock to DDH.The transaction involves DDH, which is a joint venturer with Tilray's wholly-owned subsidiary Aphria Inc. in Aphria Diamond. The share issuance was conducted under Regulation S of the Securities Act, which allows for offers outside the United States to non-U.S. persons, with no underwriter participation or commission payments involved.
