Tilray retires $12M of 2027 convertible notes in debt-for-equity exchange

Filed June 30, 2026 · Period ending June 24, 2026 · ~1 min read

Key Changes

• medium

  Tilray exchanged $12 million principal of its 5.20% convertible notes due June 2027 for 2.6 million common shares with noteholders, reducing debt and interest expense while increasing share count by approximately 0.5%.

  Item 3.02 verify on EDGAR →
• medium

  The exchange implies a per-share price of approximately $4.55, based on the principal amount retired divided by shares issued.

  Item 3.02 verify on EDGAR →
• low

  Shares were issued under Section 3(a)(9) exemption for exchanges with existing security holders without broker commissions, a standard structure for debt-for-equity swaps.

  Item 3.02 verify on EDGAR →