Aurora Cannabis Inc (ACB)

[Chicago-Paul]

I agree.

To tell the truth, Tilray's IPO was a FAILURE for the Company.

Tilray offered shares for $17 to the public and they are trading at $140 (today's price) just a few months later.

If Tilray went public at $80/share - they Company would not be having to issue the Convertible Bonds to raise additional capital so soon after their IPO.

If I was Tilray's Management, I would be totally pissed at the firm that underwrote and priced their IPO. They should have raised at least 4-5X more capital than what they did.

If you think that issuing stock for $17 a share when it is really worth $140 is good for Tilray's Capital Structure - think again.

Tilray basically gave away their shares and did not receive adequate Working Capital in return (this is evidenced by the $17 IPO price and $140 current FMV).

Tilrays Management and their Underwriters are basically stupid.