Tilray Brands, Inc. TLRY

How did people’s Canadian holding convert?

[CaneIsAbel]

Just a question for people here please and thank you?

[Oldweed]

I whent from APHA TSX directly to TLRY TSX x 0.8381. As TLRY TSX didn't exist at the time of the deal I was expecting to see my shares on the NAS at 0.8381. It was a the time of deal clearly indicated that TLRY was expected to list shortly after close (not at close) I'm thinking there is some confusion hear that should be clarified as Canadian shareholders to the conversion hit and the CAN

[hevin]

even worse, despite my shares being up more than 3X from what I originally bought them at as Aphria, they now show a loss, rather than being up 3X. This is why I'm worried that my broker was correct in telling me it is a taxable event as a disposition. Yes, I know what you're going to say Commoncents, but when I called the CRA business peeps, they couldn't even give me clarity, and

[Oldweed]

Banks seem to be confused? My transaction was documented as a direct share exchange no money involved so no loss or gain.

[CommonCentsforDollars]

If you hold in TFSA, RRSP or RESP.... non taxable event. If you hold in a non-tax sheltered account it IS a taxable event as a Canadian resident. To be honest with you, this suprised me. But I guess that is why I pay an accountant $2500 a year to figure my tax circus out. What happens if I hold my Aphria Shares in an RESP, TFSA or RRSP account? For Canadian resident shareholders that hold

[hevin]

Thanks common, but this news truly sux. I'd intended to hold these shares in my margin for a couple years, and although I still do, it's a real pisser that I've got to pay tax on them now when I didn't ever sell them. It's not logical if one thinks about it. Now I'm getting wacked harder than ever with previous Aphria profits. Wife will need to get a second job. ;-) I'm

[wideopenthrottl]

This post has been removed in accordance with Community Policy

[DaveInCalgary]

I was given pretty much May 5 prices. I have 5 accounts with TLRY (APHA) in. CDN$ & USA$. TD didn't even start converting my stocks from APHA to TLRY until last night. This morning before markets opened TD showed I had lost just over $100,000.00 on my accounts from yesterdays close. All TLRY loss. This morning @ open all of that loss plus some was given back. 

[ediabid]

Hi Dave:  I am also with TD (Toronto) and have been watching the conversion process for the last three days.  Until today, TD was not showing any cost for the TLRY shares and zeroed out the APHA shares.  They showed no cost for either.  By the end of day yesterday, they showed the conversion to TLRY with a cost of $19.40 and $17.17 share price.  Prior to all of this, I had

[FOMOsapien]

Heck ya brother. Let me know what they say.

[DaveInCalgary]

ediabid: Your transactions were the same as mine TD has raised my average costs numerous times, as they did here. I had tax owing in both cash accounts I hold on gains above $4 range and RSP accounts as well. Changing the average costs may save us taxes since TD reinvested the money. I have been in on a few mergers going back to Bedrocan being taken out by weed. MPX taken over by IAN, etc and I

[ediabid]

Thanks for replying Dave and sharing your experience in the market.  I wasn't satisfied with the explanation I first got from TD and called back again and spoke with another licensed advisor who gave me a better explanation.  She confirmed the cost of $19.40CDN and explained that the unrealized gains from the APHA shares still exists and would be realized if the shares were sold

[ediabid]

Hi Dave:  Did TD ever straighten this out for you?  Did you receive money, other than the fractional share stipend, in your trading account?  I never got an answer from Tilray IR, despite sending two emails asking if this was done correctly.  Not sure if that means they don't see this as an issue or feel this is not for them to comment on.  I want to call TD once again

[DaveInCalgary]

Hi Ediabid I did receive some additional money into each of my accounts. Look into 'Activity' to find it. GL

[ediabid]

Thanks for responding Dave.  I have checked Activity but all that appears there is the small amount Tilray paid for fractional shares.  Are you seeing more than that?  

[DaveInCalgary]

Hi Ebiabid, the amounts I received was also small. I had quite a large number of shares and it was just paying the rounding off I believe. 

[Shazam57]

Ediabid, I sent them a couple of emails as well and haven't heard back either. When I called TD up. the guy I spoke with said to me that it was a Tilray employee who informed them of the conversion price. The amount of money that went into my account was a bit under $10 as I didn't own that many. Sure pi$$ed me off the way it went down. I was pissed off to the amount that I actually

[bonhomme16]

I called APHA, and asked for explanation, they never called back.  My average for my cash and TFSA was $17.52.  Now my average is $20.70 for my cash,  $20.90 for TFSA.  I called CIBC again for the 3rd time, and they gave me $15.00 on my cash account, wish have less shares, and they gave $9.09 inmy TFSA.  I don't have that many shares, but it's the average that

[ediabid]

Hi Bonhomme and thanks for your response.  I intend to call TD again on Thursday.  I had an average cost of $5.30 on my RIF shares & $7.83 on my TFSA shares.  This is a significant loss for me and if your contact at CIBC is right, then I have to agree we got taken. I can't believe this is correct and something maybe missing here. Will post again once I get feedback from TD.&

[optimi$tic]

my homme, you were shorted by the 0.8381 conversion, that represents about 16% shortfall from what should've been a full 1:1 conversion. Also the date if conversion thats reflected in your account, the accuracy is up for grabs when you consider the date of delisting. I've come to the realization that once ur arsehole has been ripped you can never be normal again, no matter the compensation

[ediabid]

Thanks for weighing in Shazam.  To be clear to everyone responding, it is not the fractional share cash that I am questioning.  It is the significant unrealised gains I had BEFORE the merger that I am concerned about.  I had been long on Aphria since Apr. 2017 and went through all the ups and downs because I expected that would eventually pay off.  To have the gains 

[optimi$tic]

Aint this a sad fuucking thing. Lol where are the pumpers or cheerers to help rectify this? mic drop

[Shazam57]

No problem and can you please post TDs reply. Perhaps a call to the TD ombudsman is the way to go.

[optimi$tic]

"I expected to have cash in my trading account. Instead, I received less shares at a higher price and lost the gains I would have had if I sold prior to the merger." unfortunately TD or whomever did their part correctly, though whats up for grabs are the transaction date and the consideration of the days price used...just look at the total value used in the conversion divided by the

[Coloradobuff]

Why wouldn't ones cost basis just be the new shares by your previous total cost. My share price went up to luckily in my rsp, sold my cost for a gain so the rest of my shares are free money 

[optimi$tic]

  by doing so it erases the 0.8381 share conversion. And the SP means fuuck all in the grand scheme of things in this after effect context. The disclaimer was that if post conversion, ppl would either have a gain or loss incurred, but if u held in cash account you report a gain or loss. what folks are complaining about is the loss if their opportunity cost to sell more for a higher gain,

[ediabid]

Hi Coloradobuff.  That is my thinking too and why I will be calling TD tomorrow to question why they are not doing that.  My sister-in-law deals with Scotiabank and they have handled this the same way.  As it appears now, we both have lost our previous gains.  We both think this cannot be right.   As it stands now, we got less TLRY shares, which we agree is correct

[ediabid]

I spoke with another trader at TD and he basically told me the same thing as the previous person I spoke with.  He elaborated a little more and said that the unrealised gains I had on Aphria is "embedded" in the cost of the Tilray shares and when they are sold, the gains will be available.  Never got an answer from Tilray i/r despite sending three emails.  Not impressed

[Positivelive1]

Closed at $22.98 CDN today!