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DeepNewz, mobile.
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Tilray Brands, Inc. reported disappointing Q3 fiscal 2024 financial results, leading to a drop in stock value. The company will no longer expect to generate positive adjusted free cash flow for 2024, causing concerns among investors and analysts. Irwin Simon's leadership is under scrutiny as the cash position shrinks and dilution is anticipated, resulting in further challenges for $TLRY shareholders.
Up in smoke $TLRY -15.4% pre Tilray 🌳drops as it reports wider-than-expected loss and misses on revenue https://t.co/qjT5PAmTtI
$TLRY (-15.4% pre) Tilray Brands stock drops as it reports wider-than-expected loss and misses on revenue - MW https://t.co/JCTkf0F7Jm
Irwin Simon hasn’t put together a meaningful quarter for $TLRY since he took over. Did people think it was going to be any different this time? Cash position shrinking … dilution incoming. More of the same type of Pain for $TLRY bag holders. #PotStocks
