The following numbers are taken directly from Tilray's financial statements filed on Januray 9, 2024. They are for the 6 month period ended Nov 30/23 - I've rounded a bit just for ease of reading
Net Revenue $ 370,000,000
Cost Goods Sold (279,000,000)
Gross Profit $ 91,000,000 (33%)
Operating Expenses $ (168,000,000)
Operating Loss: $ ( 77,000,000)
Simple Simon's annual compensation is approx $25 million USD - that's $ 12.5 million after 6 months.
If we take the the $12.5 milion and divide it by $91 million - Simon earns approx. 14% of Gross Profit.
Do you grasp this?
Tilray's Gross profit is $91 million - and Simple Simon gets $ 12.5 million of that (before Operating Costs of $ 156 million are deducted)?
Does this actually make sense to you?
Basically - more than 1 out of every $10 of Gross profit goes into Simon's pocket.
Simple Simon ain't no pieman - he's a milk man, and he's getting every penny out of Tilray that he can.