Summary by Moomoo AI
Tilray Brands, Inc., a global cannabis-lifestyle and consumer packaged goods company, has announced the registration of 6,148,868 shares of its common stock for resale. These shares were acquired by the selling stockholder on April 30, 2024, in connection with the assignment of certain promissory notes payable by 1974568 Ontario Limited. The selling stockholder may sell the 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 last sale price of Tilray's common stock was $2.47 per share on Nasdaq and C$3.42 per share on the TSX as of April 30, 2024. The prospectus supplement, dated May 1, 2024, provides further details.