What's Going On With Tilray Brands Stock? The Blunt Truth
Portfolio Pulse from Erica Kollmann
Kerrisdale Capital issued a short report on Tilray Brands, Inc. (NASDAQ:TLRY), stating that it is short shares of Tilray. The report claims that Tilray's financial metrics are skewed due to the payment of debts with shares of stock, leading to dilution of value for shareholders. It also stated that Tilray investors have overreacted to recent marijuana rescheduling developments. Kerrisdale Capital gave a price target of 89 cents for TLRY shares, representing a downside potential of 70%.
September 18, 2023 | 4:05 pm
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Kerrisdale Capital's short report on Tilray Brands, Inc. (NASDAQ:TLRY) could negatively impact the company's stock price in the short term. The report highlights issues with Tilray's financial metrics and investor overreaction to marijuana rescheduling developments.
The short report issued by Kerrisdale Capital criticizes Tilray's financial metrics and investor behavior, which could lead to a decrease in investor confidence and a subsequent drop in the company's stock price. The report's price target of 89 cents represents a significant downside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100