Tilray Brands Inc TLRY

Great Expectations

[Maersk]

I finally slogged thru the Q2 report, but should have just skipped to the end. Four Twenty Corp breached the financial covenent on a $75 mil loan they obtained in June. Not to worry, rather than force a default the lenders gave them a waiver till March. Simon just needs fire up the printing press, and up his CBD dosage for a good night's sleep.

 

Reminds of the German U-boat commander who responded to the distress call: "I'm sinking, I'm sinking!"

 

with the reply:

 

"vat are you sinking?"

 

[Ben.sotechnical]

HaHaHaHa good one ... Maersk - (1/11/2024 7:44:16 PM) Great Expectations I finally slogged thru the Q2 report, but should have just skipped to the end. Four Twenty Corp breached the financial covenent on a $75 mil loan they obtained in June. Not to worry, rather than force a default the lenders gave them a waiver till March. Simon just needs fire up the printing press, and up his

[Ventura2020]

So, what you are saying is Tilray Q2 was really good! And this credit agreement for  $75 million was all you could find.  The loan parties have requested that the Lenders waive the "Potential" event of default.  The required Lenders are willing to waive  "Potential " event of default to the credit agreement. With terms and conditions set forth herein. 

[Maersk]

I was wrong, the credit agreement was amended to $120 mil in August, and 420 owes  $90 mil and is in breach of the leverage ratio covenant  - see page 15 of the Q2 report.

[Ventura2020]

Misleading, Tilray is not in "Breach" of anything. You really need to slog through the ER again, your statements are plain and simply untruthful and your credibility is dwindling rapidly. Ck's on vacation and giving you bad advise on what to post. 

[Maersk]

Not Tilray, Four Twenty Corporation, a subsidiary of Tilray Brands. Not to be confused with the Four20 company Tilray reneged on purchasing. Ironically, this subsidiary can't use any of their borrowed money for cannabis. Hard to keep it all straight when Tilray has more subs than the German navy. Can we agree that Simon needs das boot ?

[NorthOntKid]

You have my vote to give him the boot1 Simple Simon is grossly overpaid based on the stocks perfomance!

[quinlash]

Shareholdes and Board Members have voted for him to remain CEO year over year. They seem to like the products he rolls out, the companies he has bought (cheaply I will add) as well as the markets inwhich he has expanded the operation. Considering he grew the alchol portion of the business by 117% in the last 3 reported months I would have to agree that he's doing a good job. Don't

[Clowninthedark]

ON IGNORE you go for bad intel.

[Ventura2020]

One more misleading statement by Maersk on Tilray Brands.  Post by Maerskon Jan 11, 2024 7:44pm 298 Views  Post# 35822752 Great Expectations "Four Twenty Corp breached the financial covenent on a $75 mil loan they obtained in June." Post by Maerskon Jan 11, 2024 7:44pm 298 Views