Tilray Brands Inc TLRY

and if you get 10% of Gross Profit

[Keeler]

and your compensation isn't tied to the bottom line performance of your pay - Tilray lost $1.5 billion USD - then why worry about making a profit?

In fact - just make more and more acquisitions, they dont have to be good companies, just get their Gross Sales numbers into the top line - and boom, more money for you!

Post by Keeleron Dec 15, 2023 6:04pm

167 Views 

Post# 35787638

Well Realistic, just to put his salary into context

lets' say it was a cool $15 million.

Tilrays reported numbers with their Year End financials

Net Revenue                 $ 627,124,000
Cost of Goods Sold          480,164,000   (the expenses directly related
                                                                 to the production of a product)
Gross Profit                   $ 146,960,000   (and then Operating Expenses are deducted)

If Simon makes $15 million a year - that means he gets 10% of the Gross Profit, regardless of whether there's a profit or loss at year end.

As we know, Operating and Other Expenses totaled over $ 1.5 BILLION - which dedcuted from the Gross Profit showed a NET Comprehensive Loss of $ 1,451,000,000. USD.

The company lost almost $1.5 billion - and simon personally profited $ 15 million.

What kind of return did investors get for the year end 2022/23?