MAY be overpaid?
The $34 million worth of shares he has sold weren't purchased with his own cash - they were options granted as part of his annual compensation.
Nothing wrong with a guy getting paid well - but Tilray has never made a profit and the common everday shareholder uses his own cash to buy shares.
Jury is out on the alcohol side, so while he may have built Tilray into one of the largest cannabis companies in the world - it's never made money and sales/market share have fallen. Too bad he has to rely on alcohol to keep Tilray afloat.
If Tilray insiders have no confidence in risking their own cash in Tilray - why would the average Joe?
LAST UPDATED: 2 AUGUST 2023 AT 4:50PM EST
Irwin David Simon Net Worth
The estimated Net Worth of Irwin D Simon is at least $56.1 Million dollars as of 31 July 2023. Over the last 20 years he sold TLRY stock worth over $34,153,953. In addition, he makes $13,683,999 as Pres and CEO & Chairman at Tilray Brands Inc.