NDAQ:TLRY - Post Discussion
Post by
Keeler on Nov 13, 2024 9:52pm
Per Lou's link, TKRY is looking at levies/tariffs of 77%
on sales in Israel - guess they wont be able to dump old product there soon. That means international revenue down even more - and bottom line Net Loss up as they'll have to destroy more old inventory. "The investigation, which was first announced this past January, was around allegations of “product dumping” of Canadian cannabis into the Israeli market. In July, the government agency released its preliminary report on the topic, proposing tariffs from 63% to 369%, depending on the cooperation of the companies involved.
Initially, the commissioner recommended a floating levy or tariff of 63% for Decibel, 74% for Pure Sunfarms, 112% for Organigram, and 369% for all other producers.
The new, sprawling 126-page final report proposes fees starting as low as 2% for Decibel cannabis, 33% for Village Farms (Pure Sunfarms), 39% for Organigram, and 77% for Tilray. All other companies would face a levy of up to 175%."
Post by
lou64on Nov 13, 2024 3:33pm 
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Post# 36310982
Tilray to be dinged by Israel taxman
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