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Tilray Brands, Inc. TLRY

Alternate Symbol(s):  T.TLRY

Tilray Brands, Inc. is a global cannabis-lifestyle and consumer packaged goods company. The Company operates through four segments: Cannabis business, Distribution business, Beverage alcohol business and Wellness business. The Cannabis business segment is engaged in the production, distribution, sale, co-manufacturing, and advisory services of both medical and adult-use cannabis. The Distribution business segment is focused on the purchase and resale of pharmaceutical products to customers. The Beverage alcohol business segment is engaged in the production, marketing and sale of beverage and beverage alcohol products. The Wellness business segment includes hemp foods and hemp-based cannabidiol (CBD) consumer products. The Company offers a portfolio of adult-use brands and products and expands its portfolio to include new cannabis products and formats. Its brands include Good Supply, RIFF, Broken Coast, Solei, Canaca, HEXO, Redecan, Original Stash, Bake Sale, XMG, Mollo, and others.


NDAQ:TLRY - Post by User

Post by quinlashon Oct 04, 2023 3:19pm
99 Views
Post# 35669613

Tilray Added Assets at a Bargain -> Period

Tilray Added Assets at a Bargain -> PeriodTilray picked up HEXO Corp at a Bargain, there is no disputing that.  HEXO Corp found itself in a position where it could not generate nor raise enough capitial to continue operations and therefore was YES, on the brink of bankrupty. 

Tilray recognized the potential in the product lines carried by HEXO Corp as well as the other assets owned by the company and stepped in to take the operation over.  

Would Tilray have gotten such a good deal years ago when HEXO Corp was trading over $10 per share -> NO, absolutely not ! 

HEXO Corp contributed to the record breaking revenue numbers Tilray just reported today -> Fact.  There were one-time costs also reported in relationship to the deal, these will NOT be appearing on the next report -> Fact.

The process of taking a company from one which loses money to one that makes money is a long and argus one -> Fact. 

Anyone who ever started a business will understand that it's not an easy chore which takes time and patience.  Case in point, Tesla, it took them 18 years to turn the corner and likely minted many a millionaire along the way, despite the company not being profitable during those years.

Where are those who bailed out on Amazon prior to the company turning from a online Book Store to an Online Retailor ?  Go to the pub, they are likely still there crying in their beer.

Over the course of time companies transform in order to coup with market conditions.  Tilray was once a pure Cannabis play, now it carries alchol which contributes substantially to the bottom line and acts as a safety net for the company to achieve profitability down the road. 

Once Cannabis opens up in the US I have no doubt in my mind that this will make a MAJOR difference to the revenue numbers being reported and I plan to be well established with my shares on this PRIOR to that taking place.

jmho / dyodd

Q





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