$Tilray Brands (TLRY.US)$ NEWS Tilray Brands Announces At-Th...
NEWS
Tilray Brands Announces At-The-Market Program to Fund Strategic and Accretive Acquisitions and Accelerate Expansion Plan Upon U.S. Cannabis Rescheduling When Effective
Tilray Brands announced an at-the-market (ATM) equity program, allowing it to offer and sell up to $250 million in common stock. The sales will be conducted by TD Securities and Jefferies under an equity distribution agreement. The funds raised will be used for strategic acquisitions and investments, particularly in the U.S. and internationally, to capitalize on regulatory advancements. The timing and amount of sales will depend on market conditions. A registration statement and prospectus supplement have been filed with the SEC, making the offering effective immediately.
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