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damAcon1

08/01/19 2:55 PM

#3 RE: HokieHead #1

Initially I thought the same thing...Wow, only 10M shares...this might Tilray...then I reviewed an older SeekingAlpha article than the one you posted and it tells a completely different story. The company is well into the red...I initially assumed the IPO was to raise funds to cover their losses. Nope. The reason for their IPO is to raise 130M for expansion.
Here are some of the numbers reported:
Time period -- Dec2018 to current
Operating profit -- minus 21M
Net Income -- minus 42M
Cash Flow from Operations -- minus 19M
As of March 31st, 2019 the company had $9.9M in cash and $125.6M in total liabilities.
Hopefully, I misread this information...but to me investing in this company is throwing money at a sinking ship. Yes, I like the low share count too...but, to me, there are other options out there with actual potential to 'Tilray' because they are expanding and building upon actual success in the business. Medicine Man Technologies (MDCL) is one of them.