Has anyone tried a Tikray cucumber yet? Quinlash - I know you have - you say you like to try all Tilray non-THC products. Was it satisfying for you?
I didn't read anything on the last report about produce sales - was Simple Simon lieing about growing produce?
Isnt Masson up for sale? Isn't not receiving sale proceeds the reason Tikray used for not being cash flow positive?
Not a good sign when you have to sell the Hexo 1 million sq ft facility for $20 million - when you paid $250 million to buy the bankrupt company.
Note - at the bottom of the article excerpt, Simple Simon says rescheduling doesn't affect Tilray. Simple Simon tells the truth for once.
Traditional Agriculture
The company’s recent venture into cucumber farming also gave some extra beef to the balance sheet. Tilray plans to continue vegetable cultivation at the Masson facility, aligning with rising demand from Quebec-based retailers.
The company wants to transform a potentially underutilized asset into a steady revenue source.
“There’s a major shortage, and they want vegetables grown in Quebec,” Simon said. “There is better margin there than just keeping the place dark or selling cannabis that you can sell. It is a profitable business.”
With the regulatory environment in flux, particularly the potential changes from the U.S. Drug Enforcement Administration, management signaled readiness to adjust its strategies accordingly. This encompasses M&A considerations, regional expansion plans, and shifts in product diversification.
“Listen, I’d love to see it happen and I’ve been very clear: It does not affect us (from) day one,” he said. “But what it does, it helps get some confusion out of the market.”