Tilray Brands, Inc. TLRY

Alternate Symbol(s): T.TLRY

Healthcare Cannabis

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

Tilray Brands, Inc. > Tilray Brands - CIA and Short Bashers

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Comment by AlwaysLong683on Jan 17, 2024 11:54pm

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Post# 35832824

RE:RE:RE:RE:RE:Tilray Brands - CIA and Short Bashers

Vulcan wrote: Why would someone want a reverse split.. other than to make it easier to short.. I see no reason whatsoever for any reverserce split.... if you believe our share count to be too high.. tlry can do a share buy back to reduce it... we are close to profits then anything is on the table..jmho

One benefit of a share consolidation (reverse split) is TLRY may actually meet the criteria to have a shot at appearing on the stock screens of more Institutional investment entities. A number of them likely set a minimum share price as one of their criteria (e.g. $5.00), so TLRY won't even be up for consideration as an investment as long as it trades below this number.

Also, it would actually make it harder to short as there would be far less shares outstanding, a higher share price, and, as mentioned above, perhaps more interest from "buy and hold" institutional investors to reduce the float available for shorts.

The downside is that the market usually reacts negatively to share consolidations, so the share price may fall further before stabilizing provided the company actually shows significant progress toward profitability.

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