An announcement from Tilray ( (TLRY) ) is now available.
On February 21, 2025, Aphria Diamond Inc., a subsidiary of Tilray Brands, Inc., refinanced its existing term loan by entering into a new Credit Agreement with the Canadian Imperial Bank of Commerce. This agreement involves term loans totaling CAD $53 million, with a significant portion used to repay a prior credit agreement. The new loans mature in 2028, with quarterly repayments required, and are secured by a first lien on the borrower’s assets. This refinancing effort is part of Tilray’s strategy to manage its financial obligations and improve its capital structure, potentially impacting its financial stability and market operations.
More about Tilray
Tilray Brands, Inc. is a Delaware corporation involved in the cannabis industry, focusing on the production and distribution of cannabis products. The company operates through its subsidiaries, including Aphria Diamond Inc., and is engaged in various financial and operational activities to enhance its market position.
YTD Price Performance: -44.73%
Average Trading Volume: 43,099,564
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $756.7M
For detailed information about TLRY stock, go to TipRanks’ Stock Analysis page.