Aug. 3 at 11:57 PM
$TLRY SNDL’s debt-free balance sheet and buybacks are real, but so are declining revenue, a C
$7.8M operating loss, negative C
$6.7M free cash flow and a C
$9.2M loss in cannabis operations last quarter. Parallel gives SNDL indirect exposure to 56 U.S. locations; direct control is still pending, and SNDL only claims it could become North America’s largest cannabis retailer—not that it already owns the most dispensaries worldwide. TLRY’s latest quarter grew revenue 25%, gross profit 34%, cannabis revenue 5% and adjusted EBITDA 16%, while reporting
$0.7M net debt. Both have strengths; the “call buyers got robbed” claim remains unsupported without strike, premium and open-interest data. 🤷🏼♂️
