Tilray Brands, Inc. TLRY

Refinancing

[Vegas63]

Refinancig  ,,I am not defending Irwin Simon  ,,but sometimes refinancing should be done ,
Have you ever refinanced ?  I read some posters saying  getting a  loan for another loan is crazy ..etc...

That same poster has probably paid off his racked up credit cards using his line of credit or consolidated all his loans and got a loan from a bank at a lower interest rate ,.. sound familar  ?

The Marijuana industry is a new industry and it's no secret ,, it is struggling ...

I will remind you of a few Marijuana companies that refinanced / extended loans not too long ago...

Curaleaf refinanced 425 million ,, Dec 14 ,2021 for existing debt
Trulieve  71.5 million ,, Dec 2022
Village farms 25 million  us   Jan 30, 2023

I could spend all day listing others but you know the whole sector is in the same boat ...
All the Companies I mentioned when they annouced the refinancing took a big hit in stock price similar to Tilray..

I don't agree with Irwin Simon in a lot of things ,,  in my opinion he should be hunkering down and 
being in survival mode  instead of buying crappy Companies  like( Hexo ) ,, STOP SPENDING

Until more countries become legalized , and the  Untied States fixes the debt cealing ,and  the market picks up ,, the Marijuana companies are going to struggle and  need to borrow money  and 
sometimes  have to refinance their existing loans ..

Vegas

[Keeler]

Nothing wrong with refinancing - but if you have personal credit card debt, a car loan and a line of credit - you dont get a consolidation loan from the bank to pay them off - if you have $500,00 cash sitting in your bank account. The intelligent thing to do would be to pay the debts off and still have a nice cash balance. Tilray had $400 million cash/cash equivalent - and if they needed to

[BudFoxx2020]

Ir*wink needs those cash to fund his lavish lifestyle.  He already got his own beer, bourbon, hotel,  restaurant, etc.  He is looking to buy a stadium and sports team at his home town next.  When he is not playing hockey.  He hosts lavish parties and bbq in the Hampton.  So when exactly is this guy working at Tilray.   Lolololololololol.  Made $100 million