Looks like Tilray’s investmentWill tank another quarterly posting and management ( Simple Simon ) does not want to disclose ??
But
What happened to the First Responder PIMP SQUAD that raced to the aide ????
MIA cause they CAN NOT DISPUTE the poor earnings and LACK of guidance !!!
Tilray (TLRY) has disclosed a new risk, in the Debt & Financing category.
Tilray faces considerable financial risk regarding its investment in MedMen’s secured convertible notes, particularly after MedMen’s recent executive changes and the appointment of a chief restructuring officer. The potential restructuring or liquidation of MedMen might substantially affect the recoverability of the $32,000 carrying value recorded by Tilray. With MedMen’s operations and assets at risk, the security interests that underpin Tilray’s investment could prove difficult to enforce, especially outside of federal bankruptcy law jurisdictions. Such uncertainties raise the specter of significant impairments to Tilray’s financial statements, potentially impacting the overall investment portfolio’s value detrimentally.