Post by
Savage97 on May 26, 2023 2:45am
King Cannabis Irwin Simon Ahead of his Game
This offering is not one of common stock, which triggers actual dilution of the stock shareholders own and/or trade. Other than interest payments, Tilray will not be obligated to pay back this money until 6-15-27 (four years) and the stock being issued to the institutional investors will not be convertible to common stock prior to that date unless the price moves above 130% from the price at the time of the offering, which I believe was $2.39 -/+ Therefore - no real concern here unless we do not see close to $5 before the conversion obligation date of 6-15-27.