Tilray diversifies into road constructtion, cucumbers, beefs rake tomatoes and bell peppers.
The below may be reality for some - but facts are:
-Tilray had 16% and Hexo 17% - Tilray had dropped to just under 8% and Hexo to 5%.
Pure Sunfarms actually became the market leader in Canada with just over 8%.
With the acquisition of Hexo - the combination totaled 13%, but the cost of that was $250 million. Hexo contributed just $10 million in additional revenue when included for the first full quarter. Synergies? Lots of talk on $20 million savings - but nothing on the expense side - and the loss of Zenabis, it's two facilities and it's international sales (which accounted for 90% of hexos international revenue.
-whether you like it or not, Tilray MAY still be the #1 in MEDICAL cannabis in Germany ( they've dropped from 20% to 10%) but Curaleaf is #1 overall in Europe
-Market Leader in the USA - supposedly #5 in a dying craft beer sector and selling ZERO cannabis does not make for a market leader. Trulieve, Cura and Verano sell over $1 billion annually - when you say road construction, how many would it take for Tilray to hit that? - selling in Medmen's 5 remaining stores ( all of which will be closing shortly)
Exatky what synergies will be seen in 2024? More layoffs - more facility closures? Gravel hauling with their new road construction trucks?
Post by
Ventura2020on Mar 10, 2024 3:54pm 
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Post# 35925333
Tilray Brands
The road to success is always under construction.
Tilray Global
Market Leader Canada
Market Leader Europe
Market ___ USA (under construction)
Synergies will start to kick in from all the construction in 2023.