Tilray Brands, Inc. (TLRY) has acquired a promissory note from Double Diamond Holdings Ltd (DDH) for $23.8 million. In exchange, Tilray issued 13,217,588 shares of its common stock to DDH. This acquisition comes shortly after Tilray’s successful acquisition of Atwater Brewery, adding to its growing craft beer portfolio. This deal positions Tilray as a top player in the US craft beer market, with the company expecting a 30% growth in its beer business.