Tilray Brands, Inc. /
HT Investments MA LLC
Tilray Brands amends agreement to acquire note from HT Investments MA LLC
- Price
- $185m
- Stage
- Agreement signed
What happened
Tilray Brands, Inc. agreed to amend terms for its purchase from HT Investments MA LLC of the outstanding principal and accrued interest under a secured convertible note issued by HEXO Corp. The amendments include a 10.8% discount to the purchase price and reduce the note’s conversion price to CAD$0.40.
The outstanding principal was approximately $185 million as of June 14, 2022. The amended transaction remains subject to closing conditions, including HEXO shareholder approval and applicable regulatory approvals.
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Tilray Brands amends agreement to acquire note from HT Investments MA LLC
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