Here’s a good example for everyone Let's do a small comparisons and role reversal. We will take TLRY Tilray Brands cannabis peer Curaleaf and make an example as it's related to the stock TLRY at hand.
Let's say this is the Curaleaf BULLboard a cannabis peer of Tilray Brands and we compared finacials. Let's say I posted on the Curaleaf board what I'm going to at the bottom. The Curaleaf investors will quickly pounce on me the ones who come here and bash. They refer to tax 280 needing to be dropped and rescheduling. If I post Germany doesn't allow Curaleaf cannabis in social clubs, they will then post we are in so many pharmacies and medical this and that and market share this Borris told us. You see why I could never understand why Curaleaf bulls come to TLRY Tilray brands to bash its peer when Tilray Brands is financially better paid up and has the same catalysts to look forward too. We don't owe any taxes were paid up despite the dollar a gram so imagine it drops?
Curaleaf owed income tax payable of $237.3 million as a current liability, up 45% since Q4 of 2022. It also carried an "uncertain tax provision" of $109.5 million, a long-term liability. These tax obligations aren't included in the total debt. These liabilities could become a major challenge, as the company doesn't yet generate substantial net cash. The tangible book value at the end of Q3 was very negative at -$751.5 million.