Oldweed wrote:I think Tilray has pivoted its businesses to point MJ is now less than 50% of its revenue. We all know this was needed to survive long enough to access the USA market. That said, the argument from Tilray is this plan requires scale to be profitable. Certainly a truth in any CPG market, however, imagine if there was already an MJ company in Canada that is cash flow positive now, hat is generating over 500,000,000.00/yr (more than Tilray, little debt, over a million subscribers, the most non franchised store fronts in Canada, and poised to take on any international market, all for a dollar less than a Tilray share! Well that opportunity exists, so if MJ is your play you might want to consider another option, I think there is a very real possibility of a very big investment/takeover similar to what we saw with CGC a fee years ago. I'm intentionally not putting the name in the post because some bulls on this board will want it removed for a non Tilray post content. All this to make the point, Irwin is far from being King Cannabis, even his Haines legacy is far from being non controversial. To be clear, I am not putting Tilray down, only that it is not the be all and end all of Cannabis business in Canada!
Tilray Brands 1rst Quarter 2024
Cannabis Revenue - 70,333 mil
Beverage Revenue - 24,162 mil
Distribution Revenue - 69,157 mil
Wellness Revenue - 13,297 mil
Total Revenue - 176,949 mil
Cannabis Revenue - 152,787 mil - 86%
Beverage Revenue - 24,162 mil - 14%
If you are going to come on to Tilray Brands board and promote another stock at least do a little research and some resemblance of DD on Tilray Brands. Get your facts straight, before you start typing and posting non factual information.
Cheers,
V