you posted is the perfect example of not taking press releases or articles at face value. An intelligent, informed investor drills down on the numbers - you have to.
As shown below GM indiactes $4.2 billion in assets and $778 million in liabilities - and at a glance, a Current Ration of 4-1 is pretty darn good. But it's misleading - and is the reason for furtehr investigation into numbers.
If you drill down on the $4 billion in assets - from the Balance Shgeet - you'll see that $900 million of that are 'Intangible Assets' and $2 BILLION is 'Goodwill'. Not sure why Tilrayt listed on two lines, both are 'intangible' - meaning they have no cash value.
Removing those two items that total $3 billion, leaves you with assets of $1 billion, not $4 billion, which is primarily made up of Cash and property/facilities.
So, Assets of $1 billion with Liabilities of $780 million gives you the true picture of Tilray's financial position and a Current Ratio of 1:1 is hardly a solid Balance Sheet.
And the $280 million Cash is directly offset by the $250 million in (Current) Accounts Payable.
Dont kid yoursel, yes there may be an acquisition - but the $250 million ATM will also be used for operations. There's no choice - Tilray has no money.
“Leading the convergence of cannabis, beverages, and wellness, Tilray Brands is poised to continue to disrupt the CPG industry globally,” Simon said in the release.
After the close of the fiscal year, Tilray also expanded its European footprint with the acquisition of a cannabis cultivation license in Germany.
As of May 31, Tilray had $4.2 billion in total assets, including $228.3 million in cash, against $778.4 million in total liabilities."