Tilray Brands Inc TLRY

Alternate Symbol(s): T.TLRY

Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company. The Company operates through four segments: Cannabis operations, Distribution business, Beverage alcohol business and Wellness business. The Cannabis operations, which encompasses the production, distribution, sale, co-manufacturing and advisory services of both medical and adult-use cannabis. The Beverage alcohol operations, which encompasses the production, marketing and sale of beverage alcohol products. The Distribution operations, which encompasses the purchase and resale of pharmaceuticals products to customers. The Wellness products, which encompasses hemp foods and cannabidiol (CBD) products. The Company offers a portfolio of adult-use brands and products and expands its portfolio to include new cannabis products and formats. Its brands include Good Supply, RIFF, Broken Coast, Solei, Canaca, HEXO, Redecan, Original Stash, Hop Valley, Revolver, Bake Sale, XMG, Mollo, and others.

NDAQ:TLRY - Post by User

Tilray Brands Inc > Question for the forensic accountants

<< Previous

Bullboard Posts

Next >>

Post by Maerskon Jan 11, 2025 10:58am

324 Views

Post# 36399377

Question for the forensic accountants

Tilray reported a loss of $38 million on foreign currency conversion due to the appreciation of the $USD during the quarter - which gained about 4% vs $CDN and 5% vs Euro during the quarter.

Even if all of Tilrays revenue ($211 million) and all of the Opex ($103 million) were converted from $CDN at the $USD peak with a typical exchange fee of 2% that loss would only equal $18 million.

How did they manage to lose $38 million?

<< Previous

Bullboard Posts

Next >>

Gold Flora's Gramlin holds court in California cannabis market