Tilray Brands, Inc. TLRY

Goodnight all

[Bubula50]

There is loads more but i cant be bothered anymore to copy and paste. 
This is separate from RBC and is a subscription. No doubt Quin knew all this already, as i sad there is still loads more info. But hoping in this there just might be a grain of info you guys didnt know.

Tilray: Acquisition of Craft Brew Brands From Anheuser-Busch Sends Shares Up 36% Despite Few Details Kristoffer Inton, Strategist, 8 Aug 2023 No-moat Tilray announced the acquisition of eight craft brewery brands from beer giant AnheuserBusch. Although few details were provided, shares skyrocketed an astounding 36% on the news. As we do not have enough information to incorporate the beer additions in our model, we cannot justify the market reaction. Indeed, we don’t plan to change our fair value estimates of $5.50 and CAD 7 per share until further information is released. We think there are few synergies across beer and cannabis but do think that additional profitable businesses could help the company scale overhead expenses.

Even excluding the beer additions, shares still look undervalued for the only profitable Canadian cannabis licensed producer we cover. Tilray provided few details in the press release or in its management call. However, we’ve gleaned a couple of estimates to help us gauge the economics of the deal. Based on our read of the purchase agreement, the all-cash price looks to be about $85 million.

Additionally, Tilray stated that it will have pro-forma beer revenue of $250 million, which we estimate implies $100 million to $150 million in sales for the acquired brands (compared with roughly $700 million in total revenue we forecast for Tilray in © Morningstar 2024. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and opinions presented herein do not constitute investment advice; are provided solely for informational purposes and therefore are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate
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That would put a purchase price-to-revenue multiple in the 1 to 2 times range, which compares favorably with a 3 times enterprise value-to-revenue multiple we have for Boston Beer. However, we caveat that such a comparison doesn’t consider differences in profitability, with the smaller scale craft brews likely lower margin. Thus, the market reaction looks overdone on the deal alone. 

[tired8]

We should be grateful for your effort to alert any existing and potential investors. I'm guessing you won't be buying after all your posts. It may be time to join Keefer in that exclusive club.

[Bubula50]

Morning tired Market conditions shite today TSX down over 200 Tilray wont be doing much if anything down again hence whi i like to day week trade uncertain market uncertain times take the fruit while you can.