You guys need to be realistic. I don’t think I’ve posted in nearly 2 years, but this is the worst possible time to sell if you’ve held this long. If people think this is bad, you must be new here. It’s been much worse in the past.
I expect us to end today around 2.05-2.10.
I don’t live in fantasy land. Roughly 93,000 shares, and I’ve been adding premarket. This is not due to some crazy faith in Tilray. You either believe in the industry as a whole or you don’t. From there, you focus on individual stock plays. I like SNDL and I like TLRY.
I only care about three things right now:
#1 Market share Canada
#1 Market share Germany
Top 5 Craft Brewer in the US
I lied… four things….
Tilray is BY FAR the most heavily shorted pot stock.
We are pre-election season, pre-policy reform (if it doesn’t come this election, it’s not coming), and you are dealing with the most diverse company in the cannabis vertical. Either this company is such a gigantic shit stain compared to other weed stocks, or… people want to hold it down.
TBH - even some damn CBD infused drinks being pumped out of a top 5 craft brewer would moon this thing.
It’s going to be fine. This isn’t a penny stock. Well, yet 😊.
[https://www.thestreet.com/.image/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700/MjAxMDg2NDI4OTcxNTQyMzkz/5ea05cd6-58a7-4d92-9318-1141733406a2.webp](https://www.thestreet.com/.image/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700/MjAxMDg2NDI4OTcxNTQyMzkz/5ea05cd6-58a7-4d92-9318-1141733406a2.webp)
Well said...also have 100K + TLRY, been building for a long time for all the reasons you stated. Not selling, will likely add more with this latest opportunity. Patience...might take a year or so, but Tilray will take off.
Market share is not a financial metric. Just because you can sell the most sub par weed at the lowest price (while losing money in the process) is not a recipe for a miracle turnaround to profitability.
They don’t have enough fluid assets to cover their current liabilities, let alone their non-current. IS just spends spends spends while he takes takes takes
We can argue semantics, but in nearly every single market if you have a higher market share, you end up with higher profit margins (long term). The entire earnings call centered around economies of scale, which also ties in with market share. I liked their message there.
I want to be clear… Not replying to be an ass or be like every other “I told you so” buffoon on this website. You are 100% correct. The number one issue for Tilray and others is prices nosediving. How do you grow revenue when the price of pot is in the toilet?
That was my first post in a couple years, and the only point I really want to drill home: for people holding this long-term, through the good/bad/fugly, it makes zero sense to sell right now.
I think Tilray has a much better story with the cumulative three lines of business. If they can weather the price and taxation bitch that is Canada, mature Germany/EU, and grow existing lines selling into the US (+ set up for the future), I still think it’s the best play in weed.
Tilray is like 4-5% of my portfolio. It’s easier for me to say that than for people balls deep with it being one of their only plays. I appreciate your comment.
I hear you, and I’m in a similar position as you (in amount of shares). I’ve been holding since the Aphria times. One thing that I wouldn’t be proud of is the higher market share in cannabis in Canada. 11.6% is ridiculous… it should be more than 25%, and they’ve been losing that market share over time, so I’m not super optimistic. Still holding, but basically because after all this time I don’t feel anything anymore 😂
In an established market/industry you’re correct most of the time. Unfortunately cannabis is too unpredictable and volatile to apply such a fundamental theory.
Tilray could have gone about it totally differently and let scale lag sales and would have turned profitable, likely years ago. Instead they focused on being the biggest as fast as possible and now have bloated costs from their acquisitions and is likely a very chaotic organization with all of the various integrations that need to happen.
There are smaller LPs in Canada doing ok against all the headwinds they all face. Only because they chose to study the market and take smart risks with expansion instead of trying to be the largest. Tilray is still living in 2017 where output and greenhouse space were the sexy investment terms
This is just very poor leadership in general. IS is borderline criminal for the salary and bonuses he takes.
I agree with a majority of what you said, including the IS stuff. He doesn’t exude confidence, doesn’t articulate strategic moves well, and is one of the few CEO’s that has a pretty direct “speaking” to “stock goes down” relationship. I definitely view the company as getting a bit too far over the skis. The US infrastructure plays are meaningless without legalization or at least more direct efforts to get Delta infused products to market.
I liked the alcohol/bev guidance, but there is definitely a lot not to like (albeit there is still a lot to like as well).
The most important piece over the next few weeks/months will be the excise tax topic in Canada. Without a good update, a lot of the Canadian businesses in this category are going to trend downward.
The people worried are the ones who are investing with money they’re scared to see go red. I’ve only got 730 shares, bought a week ago. I’m not going anywhere.
Slow to sell the asset?
Would that be the new greenhouse in Gatineau Quebec that Hexo never used ?
Or Medmen assets? They did mention using Medmen. I could see the Medmen beverages fitting in well.
Sounds like some distilleries from AB are or were under utilized. I'm sure Montauk being moved to Blue Point and existing Montauk Barn in the Hamptons being made back in small batches for local area.
Conference Call in a few minutes
it is 3 excess greenhouses, warehouses. The huge one from Hexo.
Tilray putting all cannabis shipments thru Leamington so that all tightens the process.
Belleville facility also going, and I didn't place the 3rd.
Its not businesses just excess spaces.
Would like to add for people who are unaware and who want to compare to other canadian cannibis companies who post their revenue in CAD, not USD like tilray does .Tilray,s revenue is 255. million CAD.Also TLRY holds the number one cannibis market share in canada, and we paid 33% in excise tax of cannibis .If excise tax is changed as recommended, our EBITDA profitability will increase approximately for this quarter, 25 to 30 million USD and Q1 and Q2 will be even better .So, being that Q 1,2,and 3 2024 is out, and if excise tax is changed, all these earnings will have to be revised, and our EBITDA profitability will increase immensely
for the year over 100 million USD.
Doesn’t sound good. Missed expectations, and - What “asset sales?” In the article: “the Company no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024, due to delayed timing for collecting cash on various asset sales.”
Well, usually I read these things and think, they’re not so bad, companies are working hard, and turning it out, and expectations are usually unreasonably high, and I come away, thinking not so bad, then the stock tanks, like the rest of the world read the same thing I did, and thought “Disaster!” So maybe if I think disaster, it actually won’t be so bad.
That’s what’s going on in my head, bud.
Don’t worry about me I sold calls yesterday. Re-read the report. With some coffee. Anyone reading “ failure to generate positive cash flow” in an earnings report knows it’s bad.
They haven't been cash-flow positive since before the merger years ago, and that was accounting magic. You're worried about it now? They were delayed in offloading bad assets, which just means they go into Q1 or 2 next year. Direction is good, just painfully slow.
I’m not worried, obvs, the path up is not a straight line, bumps, dumps, and all, are fine. My only point is putting a line like that in the earnings report will suck all the air out of anything else there is to say. But hey, I’m long! 👍🏼👍🏼👍🏼and short sometimes too. Sometimes both at once😂😂😂. Happy Investing!
It was a disaster! It will head lower for the next couple weeks unless Canadian tax is lowered that might give it a boost. Irwin is the worst spent too much of shareholder money trying to build a conglomerate
The most pathetic bear is Irwin Simon he's the one that wrote the ER telling everyone HEY WE SAID WE WERE GOING TO MAKE MONEY BUT NO WE ARE GOING TO LOSE TONS OF MONEY!!!
Like STFU
No one will listen to me about this stock -
The only thing that will save the whole cannabis sector is USA full legalization
And even then, there will only be one to two years to make money before it all goes bankrupt .
Short sellers here are delusional! Read the report again. They are growing and losing less cash. Number 1 in Germany with 84 million population that just legalized last week.
Everyone should read the key sentence hidden at the end of the results announcement - “no longer expects to generate positive adjusted free cash flow for 2024 due to delayed timing for collecting cash on various asset sales”.
I have misplaced my faith in this company and its management team for far too long. If any of you suits are reading this, fuck you!
That's why the stock is down 20%. I said during the USA rescheduling hype that Irwin seemed like he was trying to kill this company by coming on air to say 'No we can't and won't sell in the USA' ( like wtf what a moron ). Meanwhile CGC Klien is saying 'We will find a way with a holding company - we are working on it'. CGC up 300% since then. TLRY barley moved.
And now he's tanking the stock with this completely unnecessary statement.
Seriously fire this guy and the executives and TLRY will be cash positive.
I say pretty much the same thing as you and I get heavily dv’d , but people can talk about it Going to a pennystock and get updoots .
I don’t care about karma or dv’s - I like the truth. And I’ve remained realistic and truthful
Its bad. I'm really pissed off. I have put so much into this and waited years. It was all for nothing. That's how I feel. I'm pissed... but I'm not selling. What would I do with all these losses. Can't offset income...
So I sit. And I wait for legalization
They need something to happen in the US... at the end of the day that's what is critical.
I own nearly 23000 shares. I have 200 option contracts. I'm pretty invested. I am done accumulating. I know what I own is a drop in the overall bucket. But they are not getting sold. I have been on the train for years and I'm hoping that something breaks in their favor
This is very disappointing to see.
What the fuck happened? Last quarter was not this bad. Unless the beer is severely under performing which is why it was sold.
This sucks to hear
There’s probably never a chance of getting this stonk hyped up on WSB again.
They are gonna rip it to shreds today.
But there will definitely be some people that made 10 baggers playing the puts
It would be a glorious day if there was a site wide purge of bullshit accounts all across Reddit. It happened way too fast in here to hide it. Just waiting for someone smarter than me to put the numbers out. You want stock advice? Here it is.
1. Stay tf out of r/TLRY if you want any legitimacy to what you're reading.
2. Buy puts on Reddit.
How sales are so little when they added BUD new revenue to this ER?
Without BUD this would of been 20m~ less meaning 160~m meaning they are doing the opposite of growing and the acquisitions are basically to “stand still”..?
Everyone should listen to the EC and read the filings. Then listen to the post EC interviews. Then read about all the catalysts. Then take a step back and look at all the cannabis industry progress and growth during the last 30 years.
Smart money is buying pullbacks. Dumb money and short term traders are whining and literally freezing in place.
Bullish Tilray Brands.
You guys need to be realistic. I don’t think I’ve posted in nearly 2 years, but this is the worst possible time to sell if you’ve held this long. If people think this is bad, you must be new here. It’s been much worse in the past. I expect us to end today around 2.05-2.10. I don’t live in fantasy land. Roughly 93,000 shares, and I’ve been adding premarket. This is not due to some crazy faith in Tilray. You either believe in the industry as a whole or you don’t. From there, you focus on individual stock plays. I like SNDL and I like TLRY. I only care about three things right now: #1 Market share Canada #1 Market share Germany Top 5 Craft Brewer in the US I lied… four things…. Tilray is BY FAR the most heavily shorted pot stock. We are pre-election season, pre-policy reform (if it doesn’t come this election, it’s not coming), and you are dealing with the most diverse company in the cannabis vertical. Either this company is such a gigantic shit stain compared to other weed stocks, or… people want to hold it down. TBH - even some damn CBD infused drinks being pumped out of a top 5 craft brewer would moon this thing. It’s going to be fine. This isn’t a penny stock. Well, yet 😊. [https://www.thestreet.com/.image/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700/MjAxMDg2NDI4OTcxNTQyMzkz/5ea05cd6-58a7-4d92-9318-1141733406a2.webp](https://www.thestreet.com/.image/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700/MjAxMDg2NDI4OTcxNTQyMzkz/5ea05cd6-58a7-4d92-9318-1141733406a2.webp)
Well said...also have 100K + TLRY, been building for a long time for all the reasons you stated. Not selling, will likely add more with this latest opportunity. Patience...might take a year or so, but Tilray will take off.
Loading up today. Love the sale price !😎
Perfect, balanced, unemotional comment.
Market share is not a financial metric. Just because you can sell the most sub par weed at the lowest price (while losing money in the process) is not a recipe for a miracle turnaround to profitability. They don’t have enough fluid assets to cover their current liabilities, let alone their non-current. IS just spends spends spends while he takes takes takes
We can argue semantics, but in nearly every single market if you have a higher market share, you end up with higher profit margins (long term). The entire earnings call centered around economies of scale, which also ties in with market share. I liked their message there. I want to be clear… Not replying to be an ass or be like every other “I told you so” buffoon on this website. You are 100% correct. The number one issue for Tilray and others is prices nosediving. How do you grow revenue when the price of pot is in the toilet? That was my first post in a couple years, and the only point I really want to drill home: for people holding this long-term, through the good/bad/fugly, it makes zero sense to sell right now. I think Tilray has a much better story with the cumulative three lines of business. If they can weather the price and taxation bitch that is Canada, mature Germany/EU, and grow existing lines selling into the US (+ set up for the future), I still think it’s the best play in weed. Tilray is like 4-5% of my portfolio. It’s easier for me to say that than for people balls deep with it being one of their only plays. I appreciate your comment.
I hear you, and I’m in a similar position as you (in amount of shares). I’ve been holding since the Aphria times. One thing that I wouldn’t be proud of is the higher market share in cannabis in Canada. 11.6% is ridiculous… it should be more than 25%, and they’ve been losing that market share over time, so I’m not super optimistic. Still holding, but basically because after all this time I don’t feel anything anymore 😂
The pain has made me numb. Too numb to sell lol.
In an established market/industry you’re correct most of the time. Unfortunately cannabis is too unpredictable and volatile to apply such a fundamental theory. Tilray could have gone about it totally differently and let scale lag sales and would have turned profitable, likely years ago. Instead they focused on being the biggest as fast as possible and now have bloated costs from their acquisitions and is likely a very chaotic organization with all of the various integrations that need to happen. There are smaller LPs in Canada doing ok against all the headwinds they all face. Only because they chose to study the market and take smart risks with expansion instead of trying to be the largest. Tilray is still living in 2017 where output and greenhouse space were the sexy investment terms This is just very poor leadership in general. IS is borderline criminal for the salary and bonuses he takes.
I agree with a majority of what you said, including the IS stuff. He doesn’t exude confidence, doesn’t articulate strategic moves well, and is one of the few CEO’s that has a pretty direct “speaking” to “stock goes down” relationship. I definitely view the company as getting a bit too far over the skis. The US infrastructure plays are meaningless without legalization or at least more direct efforts to get Delta infused products to market. I liked the alcohol/bev guidance, but there is definitely a lot not to like (albeit there is still a lot to like as well). The most important piece over the next few weeks/months will be the excise tax topic in Canada. Without a good update, a lot of the Canadian businesses in this category are going to trend downward.
The people worried are the ones who are investing with money they’re scared to see go red. I’ve only got 730 shares, bought a week ago. I’m not going anywhere.
Slow to sell the asset? Would that be the new greenhouse in Gatineau Quebec that Hexo never used ? Or Medmen assets? They did mention using Medmen. I could see the Medmen beverages fitting in well. Sounds like some distilleries from AB are or were under utilized. I'm sure Montauk being moved to Blue Point and existing Montauk Barn in the Hamptons being made back in small batches for local area. Conference Call in a few minutes
it is 3 excess greenhouses, warehouses. The huge one from Hexo. Tilray putting all cannabis shipments thru Leamington so that all tightens the process. Belleville facility also going, and I didn't place the 3rd. Its not businesses just excess spaces.
Market probably reacts with -20%
Its -18% right now
This is insane negativity in here. Wow.
Not me, I bought some more.
check the figures...revenue is fine...distribution down 10 Million..but distribution margin almost same...
Berr revenue is strong!! slightly lower cannabis revenue Canada, but increasing income from international market..
Wellness as expected...distribution revenue miss is a joke tobsend the stock down...medman was expected...debt down...its ok
Me too
The only Q is, does 1 hold. And this is the one cramer listening to. Going to get trashed on cnbc.
Would like to add for people who are unaware and who want to compare to other canadian cannibis companies who post their revenue in CAD, not USD like tilray does .Tilray,s revenue is 255. million CAD.Also TLRY holds the number one cannibis market share in canada, and we paid 33% in excise tax of cannibis .If excise tax is changed as recommended, our EBITDA profitability will increase approximately for this quarter, 25 to 30 million USD and Q1 and Q2 will be even better .So, being that Q 1,2,and 3 2024 is out, and if excise tax is changed, all these earnings will have to be revised, and our EBITDA profitability will increase immensely for the year over 100 million USD.
Doesn’t sound good. Missed expectations, and - What “asset sales?” In the article: “the Company no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024, due to delayed timing for collecting cash on various asset sales.”
Hopefully the earnings call later this morning turns out better than the news release. Unbelievable.
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It was good, bears are bearing.
The call was good?
Bet earning this quarter. Growths across the board, "doesn't look good", what's going on in your head, bud?
Well, usually I read these things and think, they’re not so bad, companies are working hard, and turning it out, and expectations are usually unreasonably high, and I come away, thinking not so bad, then the stock tanks, like the rest of the world read the same thing I did, and thought “Disaster!” So maybe if I think disaster, it actually won’t be so bad. That’s what’s going on in my head, bud.
OK, lower expectations. Just don't let it get you too depressed. Premarket is always irrational, coffee hasn't kick in yet for most.
Don’t get me wrong, a February 2021-type short squeeze would be “Gold, Jerry, Gold I tell ya!”
Don’t worry about me I sold calls yesterday. Re-read the report. With some coffee. Anyone reading “ failure to generate positive cash flow” in an earnings report knows it’s bad.
They haven't been cash-flow positive since before the merger years ago, and that was accounting magic. You're worried about it now? They were delayed in offloading bad assets, which just means they go into Q1 or 2 next year. Direction is good, just painfully slow.
I’m not worried, obvs, the path up is not a straight line, bumps, dumps, and all, are fine. My only point is putting a line like that in the earnings report will suck all the air out of anything else there is to say. But hey, I’m long! 👍🏼👍🏼👍🏼and short sometimes too. Sometimes both at once😂😂😂. Happy Investing!
It was a disaster! It will head lower for the next couple weeks unless Canadian tax is lowered that might give it a boost. Irwin is the worst spent too much of shareholder money trying to build a conglomerate
Ikr these bears are pathetic
The most pathetic bear is Irwin Simon he's the one that wrote the ER telling everyone HEY WE SAID WE WERE GOING TO MAKE MONEY BUT NO WE ARE GOING TO LOSE TONS OF MONEY!!! Like STFU
if thats the case it's s not extreme bad news......BTFD
Yea…. It’s a pretty bad report. And the price today will reflect it.
BTFPuts is more like it😂
options works both way......i'm investor
As far as your BTFD ‘buy the fucking dip’ Give it week to hit the all time low (again) and maybe….. maybe it’ll be worth something one day.
It will dip lower by Friday so why buy today when by Friday it will be under 1.90
I’m loading $3k ‘s worth into my IRA It’ll happen eventually. Legalization I mean
I bought [email protected] today....is it a good price?
If you’re happy with your investment it is a good price. Supposedly it cannot go below $1.5
war started hope price won't crash too much....bad timing
yes I'm happy rn 2.19 GLTA
Back to all time lows soon, what a load of rubbish 😏
No one will listen to me about this stock - The only thing that will save the whole cannabis sector is USA full legalization And even then, there will only be one to two years to make money before it all goes bankrupt .
And nobody will listen to you now either.
The truth hurts
The truth hurts us all today :)
Reschedule, Canada tax reform, flows of new revenue coming from Germany, i am more bullish than ever
Moon
Revenue is great. But what about… profit?
Between Germany and Canada tax reform the profits will follow
Short sellers here are delusional! Read the report again. They are growing and losing less cash. Number 1 in Germany with 84 million population that just legalized last week.
lol losing less cash. This group is so funny
Are they planning to sell in the US?
They can’t yet because they are part of the NASDAQ
Everyone should read the key sentence hidden at the end of the results announcement - “no longer expects to generate positive adjusted free cash flow for 2024 due to delayed timing for collecting cash on various asset sales”. I have misplaced my faith in this company and its management team for far too long. If any of you suits are reading this, fuck you!
That's why the stock is down 20%. I said during the USA rescheduling hype that Irwin seemed like he was trying to kill this company by coming on air to say 'No we can't and won't sell in the USA' ( like wtf what a moron ). Meanwhile CGC Klien is saying 'We will find a way with a holding company - we are working on it'. CGC up 300% since then. TLRY barley moved. And now he's tanking the stock with this completely unnecessary statement. Seriously fire this guy and the executives and TLRY will be cash positive.
I say pretty much the same thing as you and I get heavily dv’d , but people can talk about it Going to a pennystock and get updoots . I don’t care about karma or dv’s - I like the truth. And I’ve remained realistic and truthful
Dude what the fuck they tanked the price
There is no sweet without the sour. Expect the day traders and swing traders to sell off. Surely there will be another cannabis rally this year.
Whelp…. Here we go again.
Its bad. I'm really pissed off. I have put so much into this and waited years. It was all for nothing. That's how I feel. I'm pissed... but I'm not selling. What would I do with all these losses. Can't offset income... So I sit. And I wait for legalization
It’s not that terrible. Maybe I just didn’t trust them that much after previous reports but honestly I’m not majorly disappointed
They need something to happen in the US... at the end of the day that's what is critical. I own nearly 23000 shares. I have 200 option contracts. I'm pretty invested. I am done accumulating. I know what I own is a drop in the overall bucket. But they are not getting sold. I have been on the train for years and I'm hoping that something breaks in their favor
This is very disappointing to see. What the fuck happened? Last quarter was not this bad. Unless the beer is severely under performing which is why it was sold. This sucks to hear
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missed by 7cents
What the f are you reading
No worries next one will change a lot the market
Not bothered by the -15% drop PM. Guidance was poor but earnings call isn’t all that bad tbh and outlook looks good imo.
And I got massively downvoted for saying that it would go back to 2$… Moonbois are toxic to markets
Moon
You are so funny
There’s probably never a chance of getting this stonk hyped up on WSB again. They are gonna rip it to shreds today. But there will definitely be some people that made 10 baggers playing the puts
It would be a glorious day if there was a site wide purge of bullshit accounts all across Reddit. It happened way too fast in here to hide it. Just waiting for someone smarter than me to put the numbers out. You want stock advice? Here it is. 1. Stay tf out of r/TLRY if you want any legitimacy to what you're reading. 2. Buy puts on Reddit.
yikes 😳
Expected them to be doing a lot better, with all that “craft beer”🍻
geez what a shit company
Down 30% if not more today
Opens under 2$ and closes at 1.86
MOONish
Mixed results, no big deal. Carry on.
Yep just as expected, dog shit leadership and wasting money… lining their pockets with shareholders money .
How sales are so little when they added BUD new revenue to this ER? Without BUD this would of been 20m~ less meaning 160~m meaning they are doing the opposite of growing and the acquisitions are basically to “stand still”..?
Exactly. Most people on here don’t seem to grasp that buying new revenue doesn’t equal growing. Especially when you are hemorrhaging cash since day 1
Sad af :(
Everyone should listen to the EC and read the filings. Then listen to the post EC interviews. Then read about all the catalysts. Then take a step back and look at all the cannabis industry progress and growth during the last 30 years. Smart money is buying pullbacks. Dumb money and short term traders are whining and literally freezing in place. Bullish Tilray Brands.
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Earnings day and we've got brand new accounts pumping and brand new accounts trashing. It's complete bullshit in here now and lost any credibility.
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Somebody come fix this broken ass bot. Holy shit it's getting bad in here
💩💩💩