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Stock impact report

Is Tilray Running Out of Money? [The Motley Fool]

Tilray Brands, Inc. - Class 2 (TLRY) 
Last tilray brands, inc. - class 2 earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: The Motley Fool
Tilray(NASDAQ:TLRYHorizons Marijuana Life Sciences ETFInvestors are expecting more from pot stocks as concerns mount that there may be many bankruptcies this year as companies run out of money. Tilray's burned through a significant amount of cash as well. But let's take a closer look to see just how much of a problem its cash burn is and if it should prevent investors from buying shares of the company.Does Tilray have enough money to get through 00?As of Dec. , Tilray had $96.8 million in cash and cash equivalents. A year ago, that balance was $87. million. In just one year's time, Tilray's burned through $90. million, and if it follows a similar pattern this year, the stock could be on track for an even worse year as Tilray may be left with no option but to raise more money through the equity markets, which dilutes existing shares.What's particularly concerning is that the bulk of the cash burn came from the company's day-to-day operating activities, which used up $8 million. Investi Show less Read more
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