Tilray: Will Raise Money Diluting Shares, Sending Stock Lower [Seeking Alpha]
Tilray Brands, Inc. (TLRY)
Last tilray brands, inc. earnings: 3/2 04:05 pm
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Source: Seeking Alpha
SummaryTilray beat on earnings in their latest results pushing up their stock;Revenues remain flat-to-lower over multiple quarters despite epic increases in Canadian cannabis retail sales.Cash On Hand is narrowing and the company will likely have to raise more cash, diluting their shares.When Canada legalized cannabis in October 2018, a slew of companies started up looking for “Green Gold.” There were many startups getting involved wanting to cash in. Then, a few big-name cigarette companies and alcohol companies stepped in to expand their holdings and get involved in a new type of engine of growth; Constellation Brands (STZCGCMOCRONAt the time, I had a home in Colorado and California and saw firsthand the explosive growth and potential that Canadian companies could have. I started writing about some of these companies and following these stocks. I also started building up a portfolio of the ones I liked best. I was very bullish on the industry during that period of time.Enter Tilray
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TLRY
News
- Splash Beverage Group appoints Julius Ivancsits as CFO [Seeking Alpha]Seeking Alpha
- Good Supply Cannabis Introduces New Signature ‘Bud Squad' Products [Yahoo! Finance]Yahoo! Finance
- Good Supply Cannabis Introduces New Signature 'Bud Squad' Products [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Good Supply Cannabis Introduces New Signature ‘Bud Squad’ ProductsGlobeNewswire
- 3 Reasons Tilray Brands Investors Shouldn't Assume U.S. Marijuana Legalization Would Fix the Stock's Problems [Yahoo! Finance]Yahoo! Finance
TLRY
Earnings
- 4/9/24 - Beat
TLRY
Analyst Actions
- 4/10/24 - CIBC
TLRY
Sec Filings
- 4/9/24 - Form 10-Q
- 4/9/24 - Form 8-K
- 2/16/24 - Form 8-K
- TLRY's page on the SEC website