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Tilray Brands Inc TLRY

Alternate Symbol(s):  T.TLRY

Healthcare Cannabis Cannabis
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
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Comment by Ventura2020on Jan 11, 2025 4:25pm
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Post# 36399596

RE:RE:Question for the forensic accountants

RE:RE:Question for the forensic accountants
Ventura2020 wrote:
Maersk wrote: 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?
 

Just have too Google and do some DD. Will help you out this time.

Cheers,
V

Part of those noncash costs included a $34 million foreign exchange loss that was largely created as a function of the Strengthening Us dollar after the US Presidential election a per share basis, this amounted to a net loss of .10 per share compared to .07 per share in the prior year quarter.
Adjusted net loss was $2.2 million compared to an adjusted net loss of $2.7 million in the prior year quarter. A 17% improvement year over year with adjusted net loss per share coming in at zero. A significant beat to expectations of a .03 loss adjusted EBITA was $9 million compared to $10.1 million in the prior year quarter. We are now approaching six consecutive years of generating positive adjusted EBITDA.

What do you think will happen when the $/€ improves against the USD?
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