Quote of the Day Carl Merton has stated "Cash is King"
Read https://www.reddit.com/r/weedstocks/comments/13sfe6g/tilray_brands_ama_wednesday_may_31_6pm_et_with/
"Because we believe cash is king, and we remain focused on strengthening our balance sheet as well as our cash position by paying down a portion of debt and reinvesting in Tilray to further grow our global businesses and invest in new opportunities across our diverse business segments including strategic and accretive M&A opportunities."
Tilray has lowered their debt to $135M and they have over twice that amount on hand in Cash. Also shareholders voted Nov 21, 2023 to stockpile an additional 500M shares into the Tilray kitty for management to use as markets develop.
If Tilray continues to pay down this remaining amount they will be debt free within the next 2 quarters. That's a great thing. Some US competitors are over a $Billion in debt.