As usual, quinlash misinforms with half truths.
Tilrays press release was to announce the $250 million ATM - the financing may include the acquisition of a company to support entry into the U.S.
While they state the cash would not be used for operational purposes - they had already raised over $10 million USD as described in their last financials.
Currently, while Tilray is 'headquartered' in NYC - it remains illegal for them to actually acquire a U.S. cannabis operation.
If and when the US does legalize - which is likely years down the road - then yes, Tilray could acquire a U.S. operation then.
They COULD try another distrous repeat of the Medmen strategy - buy the debt of a bankrupt company - and then take it to ver with legalization. That failed approach cost them $225 million for Medmen - with zero return.
The money WILl be used operations despite Simple Simon saying otherwise - they already are.
More dilution of shareholder value.
Simple Simon needs a raise
Post by
quinlashon Aug 12, 2024 1:58pm 
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Post# 36174933
RE:RE:RE:Looks Like…
It's a press release on their website. They are planning to acquire a company to better position themselves in the US