You read it wrong Mick - Tilray doesn't havethe $225 million anymore.
They gave it away when they bought the debt of an already finanncially distressed Medmen - who couldn't pay their bills - so Simple Simon handed them $225 million of investors cash - raised from a previous $400 million financing.
Not to worry though!
Because they literally took this cash, opened Simon's limo window and threw it out as they drive in from his summer house in The Hamptons, along with a horrible Hexo deal where they overpaid $250 million - they are now raising the approved share ceiling to 1.5 BILLION and recently announced a $250 million ATM.
Yes - investors will be diluted to the extreme - but Simple Simon will have the cash necessary to make more idtioic acqusiitions.
Post by
OriginalMickGr8on Oct 02, 2024 8:39pm 
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Post# 36250922
WoW 225 million
Where do I sign up does Tilray have a sign up sheet. DJjaguar@shaw.ca please send now. WoW