RE:Tilray Brands Tilray also had to pay out $107 million cash when the Tilray 23 convertibles matured in October. Obviously nobody wanted to convert them at $100+. They had knocked the Tilray 23 note balance down earlier with the proceeds from the Tilray 27 notes (and incidentally, rewarded the note holders with 38 million "borrowed" shares). Tilray also repurchased (with issued shares), $18.5 million of APHA 24 notes in Dec. at a much lower conversion price than the notes specified ($1.92 vs $11.60). To top it all off, they issued and sold 12.4 million shares thru Double Diamond yesterday.
There is $102 million left on the APHA 24 credit card. Tik tok.