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Tilray Brands Inc TLRY

Alternate Symbol(s):  T.TLRY

Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company. The Company operates through four segments: Cannabis operations, Distribution business, Beverage alcohol business and Wellness business. The Cannabis operations, which encompasses the production, distribution, sale, co-manufacturing and advisory services of both medical and adult-use cannabis. The Beverage alcohol operations, which encompasses the production, marketing and sale of beverage alcohol products. The Distribution operations, which encompasses the purchase and resale of pharmaceuticals products to customers. The Wellness products, which encompasses hemp foods and cannabidiol (CBD) 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, Hop Valley, Revolver, Bake Sale, XMG, Mollo, and others.


NDAQ:TLRY - Post by User

Post by Vinny57on May 07, 2021 3:34pm
418 Views
Post# 33154308

To Cane and all others:

To Cane and all others:
There seems to be a lot of confusion over the price conversion. You have NOT lost 15, 20, 25% of your holdings. I will try to explain. The reason you have "taken a haircut" is because the share value in the newly merged company has dropped lately (along with the whole MJ sector)

At closing on May 4th Tilray US shares closed at about $16 (US) or about $19.44 Canadian
If you take that number ($19.44) and multiply it .8381 you get $16.30 Canadian.

Follow me so far?

Now, at closing on May 4th, Aphria closed at $16.48. So the difference is only about 1%.
Yes, you have fewer shares now but when they converted, they converted to a much higher price. The price has since dropped (along with the sector). If you still held you APHA shares today, they would be trading in the $15 - $16 range and not the $19- $20 range we have today.

My exact numbers may be off a tad, but they are close enough for this purpose.

I hope this clears things up and helps those who believe they have been hoodwinked.
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