RE:RE:TLRY / Medmen was back in 2021Did Irwin give you that talking point to post The amount remaining on the books for Medmen is peanuts in comparison to annual net revenues of almost 800 million USD.
Yes he did, in the BNN interview
And which they have yet to acheive
Remember shortly thereafter when he said Achieving $4B in Revenue
On a recent earnings call, Simon talked about the company’s goal to reach $4 billion in sales by 2024. Doubling its Canadian footprint and bringing its business in that market to $1 billion will be an integral part of achieving this goal. Tilray is also working to bring its European business to $1 billion. Growing its facilities in Germany and Portugal and leveraging its CC Pharma business will help to reach that point
And here we are 3 years later and they still haven't even acheived $1B in sales
The point is they spent $165M usd on Medmen only to receive $0 zero return
And what was their estimated run rate back in 2021 when the deal was made
Definetly wasn't close to $800M but rather approx $515M - $550M usd
So $165M usd back then out of approx $515M - $550M usd would be a big deal I wouldn't say that is peanuts
But then again this coming from a guy who touts you haven't lost any money if you don't sell even though the company no longer exists and/or went bankrupt
Please make it make sense
Have A Good Day
Cheers