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Note 26 - Subsequent Events
3 Months Ended
Aug. 31, 2025
Notes to Financial Statements  
Subsequent Events [Text Block]

Note 26. Subsequent Events

 

Between September 5 and 15, 2025, certain holders elected to exercise an aggregate of 6,209,000 of the Company’s issued and outstanding warrants in accordance with their terms.  Pursuant to the exercise of such warrants, Tilray received $2,108 of cash consideration and delivered 6,209,000 shares of common stock to such holders.

 

On October 9, 2025, Tilray entered into an assignment and assumption agreement with Double Diamond Holdings Ltd. (“DDH”), an Ontario corporation, pursuant to which, among other things, Tilray acquired from DDH a promissory note in the amount of $14,821 (the “Note”) payable by Aphria Diamond Inc. (“Aphria Diamond”). DDH is a joint venturer with Aphria Inc. (Tilray’s wholly-owned subsidiary) in Aphria Diamond. As consideration for the Note, Tilray issued 8,617,068 shares of its Common Stock to DDH.