By Adriano Marchese
Tilray Brands shares fell Tuesday morning after the company said it would look to exchange $14.6 million of its debt for new shares.
Shares trading in Toronto fell 5.3% to 90 Canadian cents (62 cents). The stock is currently down 53% year-to-date.
The cannabis company said late Monday that it has entered into certain private debt-for-equity exchange transactions with unrelated parties to issue 23 million shares.
The company will exchange the new shares for $14.6 million aggregate principal amount of its convertible senior notes due June 1, 2027, at a rate of 5.2%.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
March 11, 2025 10:05 ET (14:05 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。