Tilray Brands AGM - Nov 23, 2023
Whats Up ?????? Saw a discussion on another site Tilray getting prepared to buy up something or someone with shares?
Approval to increase the number of shares the company can issue from 990,000,000 to 1,208,000,000.
NOTE: Number of shares outstanding as of October 2023 : 629,343,158. Rumor: Tilray Brands Now Frontrunner To Buy Cronos Group? https://www.youtube.com/watch?v=pkEayeH4JWk
Good informative video of POW to watch. 11 minutes
POW - "In this video we break down some rumors in the industry regarding Cronos potentially being acquired by rival Tilray Brands Inc.
Cronos has said it is exploring sale options and with over $400M in cash Tilray could be the frontrunner.
Curaleaf Holdings has expressed interest in buying CRON but declined to comment."
NOTE: Cronos is debt free
POSTED today After hours: "$CRON and $TLRY almost same !
$CRON - 1.75USD/ share while $TLRY 1.78USD/Share. You welcome IRWIN!"
"CRON wants to be sold. Recent Rumours were that Tilray was the front runner. Cron has nearly a $1B cash and Altria owns 41% of their shares. Tilray has 1/2 of that cash plus shares but much better businesses globally. Tilray AGM next month."
A Close Look at Canadian Market Dynamics - www. zuanicassociates.com
Gross cash balance.
Net debt analysis notwithstanding, in some cases that debt may be quite long term in maturity, or convertible, so companies with high gross cash balances may enjoy strategic flexibility (in terms of M&A and other initiatives).
Those with the highest gross cash balances in the Canadian group:
CRON $1.13Bn; CGC $783Mn; TLRY $564Mn; SNDL $252Mn, and
ACB $235Mn.
Shareholder dilution.
Several of the companies in this group issued stock in the last two years. Nothing wrong with that if it gives them strategic flexibility and is not massively dilutive over the long term.
https://zuanic.worldflowconnect.net/opendirect/3e543a7b-0cca-41a3-9431-bb26f309728c/230725%20Canada%20LP%20Analysis.pdf?token=4b398d33-e719-4877-9f1e-6397354cf6a9&extension=.pdf
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NOTE: The High Cash Balance held by Tilray does NOT include the huge Value of multi new or near new Greenhouses, offices & industrial properties available to Tilray from Recent mergers with others, to Repurpose Trade or $ell.