More shares DILUTIONSimple Simmon has no cash in the cookie jar so he adds more shares to help pay for (un)needed weight that sinks this (non)profit !!
Tilray Brands, Inc. TLRY agreed to acquire a promissory note from Ontario-based Double Diamond Holdings Ltd (DDH) for $23.8 million, according to a regulatory filing.
DDH is a joint venture with Aphria Inc., Tilray's direct and wholly-owned subsidiary, in Aphria Diamond.
In return, Tilray issued 13,217,588 shares of its common stock at $0.0001 per share to DDH.