Tilray Brands, Inc. (NasdaqGS:TLRY) acquired 1000652011 Ontario Inc. from MediPharm Labs Corp. (TSX:LABS) for CAD 8.5 million on September 29, 2023. Under the share purchase agreement, Tilray acquired from MediPharm all of the issued and outstanding shares of 1000652011 Ontario Inc. for a consideration of 1,371,157 shares of its common stock to MediPharm. An additional 1,378,843 shares of common stock may be issuable to MediPharm to the extent the VWAP of Tilray?s common stock for the five trading days ending on October 9, 2023 declines below $2.3958.

Tilray Brands, Inc. (NasdaqGS:TLRY) completed the acquisition of 1000652011 Ontario Inc. from MediPharm Labs Corp. (TSX:LABS) on September 29, 2023.