DaveInCalgary wrote: From my post May 31, 2023
Post by DaveInCalgaryon May 31, 2023 11:00pm
273 Views Post# 35474103
Tilray Brands AMA - Questions & Answers from CFO Carl Merton Tilray Brands AMA – Wednesday, May 31 @6pm ET with CFO Carl Merton
AMA
Dear Tilray Shareholders and Weedstock Reddit Community,
NOTE: This Mat Lames & MJ tabloid know exactly this same interview on Reddit and details from statements. It's well known he writes for shorts and purposely leaves public company names out to mislead.
"Thanks for your question Mfairview. I recognize your screen name from previous AMA’s. We have heard the same thing, but I have yet to see anything definitive on other LPs. I can confirm that TLRY is current with its excise tax payments, HST payments and instalments due on corporate tax.
If the federal government is serious about its crackdown on delinquent excise tax payers, it will be a bit of a watershed point for the industry. So many of the LPs are dangerously low on their cash reserves. If they are forced to use the little cash they have on becoming current, the subsequent decrease in their cash reserves may be the last thing that happens for the business before an insolvency filing.
Additionally, as we have seen in the industry in recent months, there are only a very small handful of cannabis companies that are capable of raising more than $3-5 million. The large balances that will be due combined with their inability to secure additional financing to cover the cost will put a bigger number of them than people realize in a really precarious position."