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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

Comment by AlwaysLong683on Jan 13, 2024 10:06pm
67 Views
Post# 35825588

RE:RE:RE:RE:Take a second to actually look. TLRY Tilray Brands

RE:RE:RE:RE:Take a second to actually look. TLRY Tilray Brands
Forgot to mention:
 
In the press release dated May 3, 2021 announcing the closing of the creation of the "New" Tilray, it states:
 
"...each Aphria shareholder received 0.8381 of a Tilray Share for each Aphria common share held on April 30, 2021,..."
 
Thus, it appears Mr. Simon owns a total of around 870,300 TLRY shares to date (1,038,419 x 0.8381), not including any recent purchases. 
 
Looks like those who held off buying any TLRY shares until it is confirmed that Mr. Simon has purchased a sizeable number of additional shares with his own money made the right call. That said, if he does purchase a sizeable number of shares from a total dollar standpoint (say $2M or more), that would be a bullish sign that he has confidence the share price will rise from here (by how much is anybody's guess). Also, unless he really goes to town (say $5M+ worth of shares purchased), there is the caveat that he's simply investing a small portion of his total net worth in TLRY shares to prevent the share price from falling further.
 
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