Tilray Brands, Inc. acquired all shares of 1000652011 Ontario Inc. from MediPharm Labs Inc. in exchange for 1,371,157 shares of Tilray's common stock, with the potential for an additional 1,378,843 shares based on stock performance. Tilray also issued 1,032,616 shares of common stock to HT Investments MA LLC as part of a convertible promissory note.