Cash Flow Positive?Simple Simon said last quarter that Tilray would have been cash flow positive - but the money they were expecting from the sale of an asset hadn't been received by the end of the quarter.
The $5 million Fort Collins quonset is still listed for sale - and the only major facility is the vacant, unused 1 million sq ft faciity in Gatineau that they have listed at $20 million. (after Hexo poured $200 million into building it).
Anyway - no announcement of a closed sale, so unless they're holding it for a big 'surprise' with the release of financials on Monday, there was no sale as stated last quarter.
Regardless, getting 'cash flow positive' by the one time sell off of assets is NOT an indication that the ongoing operations are producing positive cash flow.
It's a ridiculous mis-statement by snake oil salesman PT Simon - and when you have to sell off an asset for $20 million - from acompany you paid $250 million for - you're in cash poor position. (hello $250 million ATM) to support future exapnsion and acquisitions.