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Posted by
Two Blokes Jul 29 -
Filed in
Stock
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Tilray's fiscal Q4 results disappointed, with revenues missing estimates and a massive $1.26 billion net loss driven by impairment charges. TLRY's ongoing cash burn has resulted in tremendous shareholder dilution to keep the balance sheet from weakening further. A reverse stock split is likely coming to maintain exchange listing requirements, which typically pressures share prices further.
