RE:Old that’s ridiculous. CaneIsAbel wrote: The companies you named in comparison to TLRY. Let me take Trulieve for example. Trulieve caught a break received some tax refunds still reported a loss for year end. Tilray Brands has it received the same refund would make us net positive that's how close we are. TLRY buisness model is profitable today. Alcohol doesn't distract from our cannabis it compliments. Alcohol has been a successful endeavor for TLRY. We make more then we spend on booze. It's cannabis we're sorting out specifically recreational price compression. Even so it's Canadian taxes and regulations that have been out headwind otherwise we're profitable hence why Canada reviewing tax's in cannabis. Nothing you distorts say makes sense
Trulieve reported a $33 million net loss for its fourth quarter. Quarterly revenue was $287 million, a 4% increase from the previous quarter and a 4% decrease from the fourth quarter of 2022. Trulieve's net loss for its full 2023 fiscal year was $527 million.Feb 29, 2024
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TRUL has 70% (maybe a bit less now with competition) of Florida, by far the most profitable piece of the pie in the USA to date. Tilray is years away from anything close to what just that 1 MSO has. It will be a long hard uphill battle for Tilray, they will need to make sure their business model works before they even try to crack that 1 egg! That said, I do not marry any stock, if Tilray proves they have what it takes I will be 1st in line to jump back on. They are simply nowhere near that step, they are big but floundering and will need an enormous amount of cash from my perspective.