RE:RE:RE:What’s another 13 million shares here or therequinlash wrote: They swapped debt for shares, it's literally stated in the filing. This means the next QTR report will reflect lower (again) debt levels
TLRY reported 30% year over year growth in net sales in their last report vs company like CURA that stunned its shareholders with a staggering 2% despite it being promoted as a good investment on the TLRY forum.
Guessing those promoting it knew deep down that unless they pumped the stock then it didn't stand a chance of increasing investors .
The lower debt that TLRY will see with the extra shares improves the fundamentals of the company with only a small amount of shares being issued vs the current sharecount.
By not using cash on hand the company can then use this cash for other purposes. This could include outfitting it's Colorado facility for production once the US eases restrictions or simply adding new innovative products to its already impressive offerings. Those not familiar with all the new products rolled out over the last 6 to 12 months should visit their website and check out their news section.
If you are not an investor then you have little motivation to research or learn fundamentals but if you have cash on the line, or looking to open a position, then you should make something of an effort.
One last thing, wishing the best to Kitty if you're around tonight.
Best Regards,
Q