Last quarter - Tilray gave ebitda of $80 million (high end) and 3 months later it drops to $60 million?
The $80 million was totally unrealistic and misleading - so bad, it was either calculated by incompetents at Tilray or purposely inflated.
I would put much faith in the $60 million.
And if Tilray is relying on selling assets to get cash flow positive - I guess they still wouldn't be after actually selling the asset and recording the one time revenue, right?
How many companys are selling assets to get cash flow pisitive - if Tilray hadn't wasted the cash to buy the assets, I guess they'd still have - and be cash flow positive?
What gobble hook nonsense.
But what assets and what is the value?
The vacant Hexo warehouse in Fort Collins ($6 million), the ex-tree nursery in Kirkland Lake from 48N ($1 million - at best), a couple of unused buildings in southern Ontario?
They tried selling Truss for two years - no one wanted it, now they herald how valuable it is.
Yes - keep on waiting for rescheduling - with absolutely no guarantee of entry into the U.S.
TLRY Tilray Brands - we ARE worst than most
For its fiscal year ending May 31, 2024, the Company is now guiding to an Adjusted EBITDA target of $60 million to $63 million. In addition, the Company no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024, due to delayed timing for collecting cash on various asset sales.