Tilray Brands Inc (NASDAQ: TLRY) shares are trading lower in Thursday's after-hours session after the company announced an offering.

What Happened: Tilray said it had commenced a registered offering of $150 million worth of convertible senior notes due in 2027. The company also expects to grant the underwriters a 30-day period to purchase up to an additional $22.5 million.

Issuing convertible notes to pay off debt means the company's …

Full story available on Benzinga.com

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