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My man Simon:
https://quantisnow.com/insight/3204184
Patience, my good man. Patience.
HEXO_Loss_of_CA$953.8_million_for_3Qs_is_barrier_to_claim_of_"free_cash_flow_positive"_by_FY23
numbers are not adding up
Not to worry... they have a plan...
Patience... it,ll get there faster than you think... lol
Home / Canada
Canadian cannabis company Tilray posts $434 million net loss for 2022
Bonno July 28, 2022
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Canadian cannabis and alcohol company Tilray Brands posted a $457.8 million net loss for its fourth quarter and a $434 million net loss for its 2022 fiscal year.
The quarterly and annual net loss includes a $395 million noncash impairment charge “primarily impacting inventory, goodwill and other intangible assets.”
Tilray reports its earnings in U.S. dollars.
On a Thursday conference call with analysts and investors, Tilray CEO Irwin Simon attributed the impairment charge to “both market conditions and the work that we have done to optimize our operations.”
Simon said the company now aims to generate up to $4 billion in revenue by the end of its 2024 fiscal year, “depending upon federal (cannabis) legalization in the U.S. and Germany.”
Tilray’s net revenue for the 2022 fiscal year was $628.4 million, representing growth of 22.5% over the previous fiscal year.
By the end of Tilray’s 2023 fiscal year, Simon said the company expects to be free cash-flow positive and achieve $100 million in cost savings following its megamerger with Aphria.
The company said it has already realized $85 million in cost synergies related to that merger.
In Europe, Tilray’s chief strategy officer and head of international, Denise Faltischek, said the company expects “to establish ourselves as a market leader to broadly legalize (the) adult-use cannabis market in Germany, and seize a sizable portion of that market.”
Faltischek said Tilray believes “all of Europe could legalize medical-use cannabis within the next two years or sooner, with certain countries legalizing adult-use shortly thereafter.”
Blair MacNeil, president of Tilray’s Canadian business, said the domestic cannabis market is challenging, “characterized by an oversupply of cannabis, unreasonable regulatory barriers, and punitive excise taxation exacerbated by price compression.”
MacNeil said Tilray’s Canadian adult-use market share declined from 10.2% to 8.3% in the previous quarter, citing “challenging industry conditions, (stock-keeping unit) rationalizations and discontinuation of partner brands.”
However, MacNeil said Tilray believes that trend will reverse as the result of improvements to its cannabis flower portfolio.
Tilray’s adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the fourth quarter were $11.5 million, a 13.9% increase over the previous quarter’s adjusted EBITDA.
Net revenue for the fourth quarter grew to $153.3 million, an increase of 0.9% over Tilray’s previous quarter.
The company’s annual net revenue of $628.4 million consisted of 38% cannabis revenue, 42% distribution revenue, 11% beverage alcohol revenue and 9% wellness revenue.
Can Anyone Explain HEXO "Acquisition"?
https://www.globenewswire.com/news-release/2022/07/12/2478529/0/en/Tilray-Brands-Announces-Closing-of-Transaction-with-HEXO-Laying-Groundwork-for-the-Next-Evolution-of-Canadian-Cannabis.html
HEXO - first nine months of its 2022 financial year to CA$953.8 million.
https://mjbizdaily.com/cannabis-producer-hexo-loses-ca146-million-in-quarter-sees-executive-exodus/
****Hmmm thought TLRY was going under 2 bucks ?
ENOUGH SAID
There’s plenty of room here to flip the low 3’s for now. After realizing a net loss of close to half billion dollars the 2’s will eventually show up.
Ok It seems like TLRY not going to give me my 2s. I up to getting low 3s then.
Tilray reported an increase in revenue in its fiscal fourth quarter but recorded a net loss of $457.8 million after taking large write-offs.
****Hmmm thought TLRY was going under 2 bucks ?
Green last time I looked ! Whoops !
ENOUGH SAID
Niiice run today considering wrote down ,, IMO we have hit bottom or are extremely close ,, any news on bill passing and this will go 100%+ in a few days
Glta
$$$TLRY
Not a bad little run from under $3.20 pre-market to $3.55, I’ll take it. :)
And so it has begun.........cue dramatic music.
***** Hummm I thought TLRY was going under 2 bucks
Lowest It reached I believe $3.04 dollars ?
Yup buy and sell , make money !!!
Never HODL
Trading 101
ENUFF SAID
Come to Papa……TLRY is getting close to load time again
Adjusted EBITDA of $11.5 million, marking the Company’s 13th consecutive quarter of positive Adjusted EBITDA
Au contraire mon frere. I shall be looking to accumulate heavily in the coming bloodbath. And it would behoove those of you interested in making money to do the same. You will nay see prices like this before their 50-1 stock split in the year 2042.
So it has been written, so it shall be done.
Loss expected by the street. Could be a bloodbath short term.
https://www.yahoo.com/finance/m/9c7109f2-8850-30fb-88c6-49e8bf966f11/tilray-expected-to-post-a.html
Hopefully at lot of people sold at $60, $50, $40, $15, $7, $4……..
Eventually it will hit some or all of those highs again.
If……. Our broken House & Senate passes relevant legislation.
If not be prepared for more days like today.
Wonder how many people sold as this rocketed to the 60s. Just saying. And the next time it happens it’s there to stay.
It could go that low when the miss earnings.
Be ready.
***** Hummm I thought TLRY was going under 2 bucks
Lowest It reached I believe $3.04 dollars ?
Yup buy and sell , make money !!!
Never HODL
Trading 101
ENUFF SAID
Absolutely. This stock has plunged in past few days. From $4 to the low $3s.
It can easily drop another $1 soon….. in a matter of days.
This is a great company and a great buy in the $2s.
Come to Papa……TLRY is getting close to load time again.
They have a lot of debt way more than 2-3Billion I don’t think 200m will do anything imo
I noticed that as well. The NDAA might be the last chance of legislation (SAFE Banking Act) passing this year.
Cannabis stock Tilray $TLRY has $279.21M in cash. Book Value is at $9.62
House-passed NDAA includes banking provisions for cannabis
https://www.bankingdive.com/news/house-passed-ndaa-includes-banking-provisions-for-cannabis/627485/ $TLRY
Yes, thanks for the link, I saw that yesterday. It's great that Schumer finally introduced his bill but he did it knowing it had no chance of passing, wasting a lot of time and resources. Although it will give more exposure to the legalization effort, it will also continue to delay legislation that does have a chance of passing.
They concluded, “From an economic perspective, it seems clear the cannabis industry has been a great success, with more to come as it continues to grow.”
What a crock of shit...
Right... Trump won the election.
Lol
Canada: Retail Cannabis Market Generated $11 Billion in Sales, More Than 90,000 Jobs.
https://norml.org/news/2022/02/17/canada-retail-cannabis-market-generates-11-billion-in-sales-more-than-90000-jobs/ $TLRY
$TLRY Schumer marijuana legalization bill finally introduced in Senate
https://mjbizdaily.com/schumer-marijuana-legalization-bill-finally-introduced-in-senate/
I just keep adding to my retirement fund.
Looking good. Loading here big time...
$TLRY
Yes, eventually something will pass but when? We should already have reform legislation but Schumer insisted on introducing his bill that has no chance of passing wasting a lot of time and resources. I should take back what I said, we COULD see 2s in the next couple of months!!
Nope, just dilution
TLRY abve MA/50!!!! massiv SQUEEZE could trigger
Eventually something will pass, and then the rally will continue.
Tilray up 10% and nobody posts?!?
Looks like $3 is the new bottom and we might be done with Tilray in the $3s, load up while they're still cheap
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