Summary by Moomoo AI
Tilray Brands, Inc., a leading global cannabis-lifestyle and consumer packaged goods company, has registered the resale of 12,386,019 shares of its common stock, par value $0.0001 per share, held by a selling stockholder. The shares were acquired by the selling stockholder on January 9, 2024, in connection with the assignment of certain promissory notes payable by 1974568 Ontario Limited. The selling stockholder may sell these shares through public or private transactions at prevailing market prices or at negotiated prices. Tilray will not receive any proceeds from the sale of shares by the selling stockholder. The shares are listed on Nasdaq and the TSX under the symbol 'TLRY'. The prospectus supplement, dated January 10, 2024, provides further details on the risks involved in investing in Tilray's common stock.