Tilray Brands Inc TLRY

Oh Dave, Dave, dave

[Keeler]

Congratultions Dave - I have been telling you this for several months, while you promoters were going on about Trusss #1 market share and how big things were going to happen.

This information came out with Tilrays quarterly reporting - something you obviously didn't read until this morning. Good job.

Truss is an asset being held for sale - Tikray will split any proceeds with Molson. That's exactly what I said.
. So glad you've come to acknowledge my factual accurate statement.
The same holds for Belleville, Truss leased its space in the larger complex (BCI) from Olgena Holdings. Rather than break the lease - they intend to use the space for something else - maybe growing mustard trees.

 

Comment by DaveInCalgaryon Nov 14, 2023 1:24pm

22 Views 

Post# 35734828

RE:Tilray Brands - Infused Branded Beverages - KICK IN THE CAN

Acquisition of Truss Beverage Co.
 
"On August 3, 2023, Tilray acquired the remaining 57.5% equity interest in Truss Beverage Co. ("Truss"), a cannabis beverage company, for $74 (CAD$100) in cash and $4,181 of contingent consideration from Molson Coors Canada ("Molson"). This represents the portion of Truss that had not been previously acquired as part of the HEXO Acquisition. The Company currently intends to divest Truss's assets and has recorded the value of the associated capital assets and lease obligations as an asset held for sale. The Company has agreed to pay Molson as contingent consideration an amount equal to 57.5% of any proceeds from any divesture, net of any costs and expenses associated with the disposition."
 

"The Company is in the process of assessing the fair value of the net assets acquired and, as a result,  the fair value of the net assets acquired may be subject to adjustments pending completion of final valuations  and post-closing adjustments. The table below summarizes preliminary estimated fair value of the  assets acquired and the liabilities assumed at the effective acquisition date as follows":

Amount

 
"The table below summarizes preliminary estimated fair value of the assets acquired and the liabilities assumed at the effective acquisition date as follows:
Asset held for sale          $2,960       (or LEASE OBLIGATIONS)
Total assets                    $13,684"  (CAD$100) 

A divestiture is when a company or government disposes of all or some of its assets by selling, exchanging, closing them down...


Q4
Questions & Answers:
Aaron Grey with Alliance Global Partners. Please proceed with your question.
…And any puts and takes, whether you think that could be more through top-line generation or more margin improvement via cost efficiencies or otherwise, I think that would be appreciated. Thank you.
Irwin Simon -- Chairman and Chief Executive Officer

“And with the acquisition of Truss that we bought from Molson's, you know, we'll be moving those products to our London facility. And we have an excellent facility in Belleville, Ontario that we're going to look to do not out drinks and energy drinks, you know, some other types of drinks there. So, you know, we're looking for a big year on organic growth and new products, innovation, new distribution.”

[DaveInCalgary]

This is all from a RePost. Incredible how a few people can be so very rude. If you don't understand Tilray purchased a business, TRUSS for $13,684,000 and due to moving it or planned retrofitting to a new facility, some of the equipment may not be needed or too expensive to move, etc and or any lease obligations are estimated costs prior to Aug 3, 2023, are listed as 'Assets Held for Sale

[CaneIsAbel]

Come on Dave?  You think anyone is taking him seriously anymore?  He declares phantom inboxes from Ventura and I that we never made them calls us weird. He reports CuraLeaf in Canadian currency to embellish the numbers and distort Tilray Btands by using USD currency. It's a form of disparity that's it and truthful. Truss is not for sale lol. It's completely ridiculous

[CaneIsAbel]

Sorry about the typeouts but you get what I mean. Circle K and the other Hollywood actor Ben stiller are distorting the numbers and facts regarding Tilray Brands. 

[CaneIsAbel]

Does another grown man want to hear "oh"proceeded by his name everytime?  What grown person does this?  Can you please explain to the board kelller that you are embellishing Curaleafs numbers in Candian currency and Tilray Brands in USD?  Can you also admit truss is not for sale....