Tilray Brands Enters Material Definitive Agreement
Ticker: TLRY · Form: 8-K · Filed: Nov 1, 2024 · CIK: 1731348
| Field | Detail |
|---|---|
| Company | Tilray Brands, Inc. (TLRY) |
| Form Type | 8-K |
| Filed Date | Nov 1, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement
Related Tickers: TLRY
TL;DR
Tilray Brands just signed a big deal, filing an 8-K. Details to follow.
AI Summary
On October 30, 2024, Tilray Brands, Inc. entered into a material definitive agreement. The company's principal executive offices are located at 265 Talbot Street West, Leamington, ON N8H 5L4, and its telephone number is (844) 845-7291. This filing is a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Why It Matters
This filing indicates a significant new agreement for Tilray Brands, which could impact its business operations, financial performance, and strategic direction.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's stock price and future performance.
Key Players & Entities
- Tilray Brands, Inc. (company) — Registrant
- October 30, 2024 (date) — Date of earliest event reported
- 265 Talbot Street West, Leamington, ON N8H 5L4 (address) — Principal Executive Offices
- (844) 845-7291 (phone_number) — Registrant's Telephone Number
- Securities Exchange Act of 1934 (legal_document) — Governing Act
FAQ
What is the nature of the material definitive agreement entered into by Tilray Brands, Inc. on October 30, 2024?
The filing does not specify the details of the material definitive agreement, only that one was entered into.
What is Tilray Brands, Inc.'s principal executive office address?
Tilray Brands, Inc.'s principal executive offices are located at 265 Talbot Street West, Leamington, ON N8H 5L4.
What is the telephone number for Tilray Brands, Inc.?
The telephone number for Tilray Brands, Inc. is (844) 845-7291.
Under which section of the Securities Exchange Act of 1934 is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the exact date of the earliest event reported in this filing?
The date of the earliest event reported is October 30, 2024.
Filing Stats: 556 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-11-01 16:34:30
Key Financial Figures
- $0.0001 — registered Symbol(s) Common Stock , $0.0001 par TLRY value per share The Nasd
Filing Documents
- tlry20241101_8k.htm (8-K) — 26KB
- ex_741645.htm (EX-10.1) — 42KB
- 0001437749-24-032999.txt ( ) — 207KB
- tlry-20241030.xsd (EX-101.SCH) — 3KB
- tlry-20241030_def.xml (EX-101.DEF) — 11KB
- tlry-20241030_lab.xml (EX-101.LAB) — 15KB
- tlry-20241030_pre.xml (EX-101.PRE) — 11KB
- tlry20241101_8k_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement . On October 30, 2024, Tilray Brands, Inc. ("Tilray") and the other parties to that certain Credit Agreement, dated as of June 30, 2023, with Bank of America, N.A. (the "Administrative Agent"), entered into a Fourth Amendment and Consent to Credit Agreement (the "Fourth Amendment"). The Fourth Amendment provides, among other things, for lender consent to the previously disclosed acquisition by Tilray of a portfolio of craft beer brands from Molson Coors Beverage Company (the "Molson Transaction"). In connection with the Fourth Amendment, Tilray also granted a first lien security interest in all of the assets and equity interests of the businesses acquired pursuant to the Molson Transaction as collateral for the Credit Agreement and the related guaranty. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information included in Item 1.01 with respect to the Credit Agreement Amendment is incorporated by reference in this Item 2.03.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Description Number 10.1 Fourth Amendment and Consent to Credit Agreement, dated as of October 30, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Tilray Brands, Inc. Date: November 1, 2024 By: /s/ Mitchell Gendel Name: Mitchell Gendel Title: Global General Counsel