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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

Comment by Keeleron May 27, 2023 2:13pm
154 Views
Post# 35467275

RE:Refinancing

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. 
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