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Tilray Brands, Inc. TLRY

Alternate Symbol(s):  T.TLRY

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


NDAQ:TLRY - Post by User

Post by Vegas63on May 27, 2023 10:01am
225 Views
Post# 35467093

Refinancing

RefinancingRefinancig  ,,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




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