Cash on Hand when the ATM was announced and the Cash on Hand on the last financials.
As for the CFOs wife?
Seriously - THAT is supposed to show insider confidence in the company?
Wouldnt it be betetr if the insiders bought some shares- to supplement the 10s of thousands they get FREE?
Here's a reminder of what Simple Simon told investors when the ATM was announced - that $100 million is gone and all there is to show is 4 more failing brewers with the rest going to pay for day to day operations, because Tikray doesnt generate positive cash flow.
Tilray Brands Announces At-The-Market Program to Fund Strategic and Accretive Acquisitions and Accelerate Expansion Plan Upon U.S. Cannabis Rescheduling When Effective May 17, 2024 NEW YORK and LEAMINGTON, Ontario, May 17, 2024 (GLOBE NEWSWIRE) --
Tilray Brands, Inc. (“Tilray Brands” or the “Company”) (Nasdaq | TSX: TLRY), a leading global lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, announced today that it has filed a prospectus supplement with the U.S. Securities and Exchange Commission (“SEC”), under which it may offer and sell shares of its common stock (“Common Stock”) having an aggregate offering value of up to $250 million from time to time through an at-the-market equity program (“ATM Program”).
Post by
quinlashon Nov 20, 2024 1:20pm 14 Views
Post# 36322117
RE:Well first off quinlash - that $100 million
The company will provide an update on cash position as part of next QTR report, until then no one can say that the cash is gone or not. Plans are to use it to expand the operation, that's what is known vs what is being guessed on this forum.
I can't see the Chief Financial Officer having his wife buy 26,000 shares the other day if he had any sort of concern with the transaction.