Tilray Brands Inc TLRY

No TLRY doesn’t buy bankrupt beverage companies

[CaneIsAbel]

It's buys underperforming brands that require better support from their parent company they don't receive. TLRY however provides that support, marketing adding synergies and integration. Does this sound like TLRY buys bankrupt beverage brands....Let this dawn on you read below margins topping fifty percent already in the segment. Don't let these shorts mislead you. 

• Net revenue increased 25% to $229.9 million in the fourth quarter compared to $184.2 million in the prior year quarter.

• Gross profit was $82.4 million in the fourth quarter compared to $67.2 million in the prior year quarter. Gross margin and adjusted gross margin² were both 36%.

• Beverage-alcohol net revenue increased 137% to $76.7 million in the fourth quarter from $32.4 million in the prior year quarter. The increase was led by new product innovation and contributions from our Craft Acquisition brands.

  • Beverage-alcohol gross profit increased 146% to $40.8 million in the fourth quarter from $16.6 million in the prior year quarter. Adjusted beverage-alcohol gross profit increased 130% to $41.0 million from $17.8 million in the prior year quarter.

  • Beverage-alcohol gross margin increased to 53% in the fourth quarter compared to 51% in the prior year quarter and adjusted gross beverage alcohol margin²was 53% in the fourth quarter compared to 55% in the prior year quarter.

[DuDliedingle]

Then why was it their intent to buy 4 beer brands from Molson, 1 of which is no longer in the sale because of bankruptcy issues. According to  rumour.  Who the frick agrees to that sheet and puts out a news release on that.  Somebody who doesn't do DD until near transferring the funds.