- New Cannabis Ventures @newcannabisventures
Tilray Brands Prices $150 Million Convertible Notes
LEAMINGTON, Ontario and NEW YORK, May 25, 2023 (GLOBE NEWSWIRE) — Tilray Brands, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company, today announced the pricing of its registered offering of $150 million aggregate principal amount of 5.20% Convertible Senior Notes due 2027 (the “Notes”). Tilray also granted a 30-day option to the underwriters of the Notes offering to purchase up to an additional $22.5 million aggregate principal amount of Notes, solely to cover over-allotments. The offering is expected to close on May 31, 2023, subject to customary closing conditions.
We successfully executed a favorable refinancing which demonstrates the strength of our Company and investor confidence in our management team and strategic plan.
The aggregate net proceeds from the offering, after deducting underwriting discounts and commissions and expenses payable by Tilray,…
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LEAMINGTON, Ontario and NEW YORK, May 25, 2023 (GLOBE NEWSWIRE) — Tilray Brands, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company, today announced the pricing of its registered offering of $150 million aggregate principal amount of 5.20% Convertible Senior Notes due 2027 (the “Notes”). Tilray also granted a 30-day option to the underwriters of the Notes offering to purchase up to an additional $22.5 million aggregate principal amount of Notes, solely to cover over-allotments. The offering is expected to close on May 31, 2023, subject to customary closing conditions.
We successfully executed a favorable refinancing which demonstrates the strength of our Company and investor confidence in our management team and strategic plan.
The aggregate net proceeds from the offering, after deducting underwriting discounts and commissions and expenses payable by Tilray,…
