Tilray Brands, Inc. TLRY

Numbers show Canopy Growth struggles in every market

[Savage97]

Canopy Growth has industry low gross margins, bad EBITDA with revenue growth stalling.  Canopy Growth's adjusted gross margins of 21% in the quarter compared top cannabis producers around the world who have already topped 40% gross margins.  The company's losses this quarter of C$64 million on an adjusted EBITDA basis are still massive and the free cash flow outflow was an insane C$186 million.  Canopy Growth ended the June quarter with an inventory balance of C$412 million, up C$44 million from March, enough inventory to cover a full year of sales.  Canopy Growth has a cash balance of C$2.05 billion, but the Canadian cannabis company now has long-term debt of C$1.55 billion. The company only has a net cash balance of C$0.5 billion after years of wasting cash on unused inventory and facilities costing C$1.1 billion without the associated revenues to warrant such vast spending.  Canopy Growth no longer has a massive net cash hoard to bet big on the future.

[Coloradobuff]

They wasted so much money. A shame. Bio steel and storz Bickel look like winners but buying hiku was a waste of 400 million

[CommonCentsforDollars]

Canopy bought Mettrum for 430 Million and that was probably one of Bruce's worst cash burns. Bedrocan for another 60 million. Between those two acquistions nearly $500 Million was spent just to obtain a very small handful of medical MJ customers. Buying medical customers for nearly 100k per a custy you know Brucey was the king of the cash burners. 

[Savage97]

Based in New York and Leamington, Ontario, Tilray revealed a fourth-quarter 2021 revenue growth of 25% to $142.2 million from $113.5 million in the prior-year quarter. Net cannabis revenue amounted to $53.7 million, representing a 36% growth.

[vulcan123456789]

curaleaf reports tomorrow.. things are looking good there.. although u.s. play hopefully it will show the potential of what could be done ..thus help lift the entire market...or tide.. im sure our nect q will drive our share price...anything else thst may help im good with that...own nice chunk of curaleaf myself.. cheers

[Vegas63]

Yes Canopy Growth  struggle in every market   except  the stock market... they seem to  be the golden  child,,, if  Tilray  reported the exact  same numbers as Canopy Growth did I don't think they would have finished  up 19  cents per share ...   the stock market loves them ,,,, I don't own any Canopy Growth shares 

[Savage97]

But with TLRY can enjoy the same swings and accumulate shares for a future payday.  With CGC, only the executives can look forward to making money   : ()

[HopefulJuan]

Without Constellation they would be in trouble. Financing is not an issue. Try some DOJA and you will see it is not the same old Canopy.

[Savage97]

CGC’s net revenue has increased 37.1% year-over-year to CAD546.65 million ($436.38 million) in its fiscal year ended March 31, 2021. However, the company’s loss from operations came in at CAD1.24 billion ($992.56 million), and its net loss amounted to CAD1.74 billion ($1.39 billion). Its comprehensive loss rose 82.7% year-over-year to CAD2.0 billion ($1.6 billion). The stock has declined 23.7