RE:RefinancingNothing 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 address theit bills, they could have used all or part of that and been debenture debt free. THAT, given the current economic and cannabis sector situations, would have been the smart play instead of further and unnecessary dilution.
THAT'S the crazy part - and displays incompetent management decisions, coupled with questionable and unecessary acquisitions like bankrupt Hexo.
Too cheap to pass up? You get what you pay for.