Tilray’s Four Twenty increases credit agreement to $120 million

By Wendy Van Sickle

Columbus, Ohio, Sept. 1 – Four Twenty Corp., a wholly owned subsidiary of Tilray Brands, Inc., entered into an amended credit agreement on Aug. 31 to increase loans and commitments by $45 million to $120 million, according to an 8-K filing with the Securities and Exchange Commission.

Bank of America, NA is administrative agent for the credit agreement, which was originally dated June 30, 2023.

The additional proceeds will be used general working capital purposes.

Tilray is a Leamington, Ont.-based cannabis and consumer packaged goods company.

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