Tilray Brands 10-Q: Assets, Liabilities, and Debt Maturities

Ticker: TLRY · Form: 10-Q · Filed: 2024-10-10T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, debt, assets-liabilities

TL;DR

Tilray's 10-Q shows $980M assets vs $723M liabilities, with significant debt due through 2033.

AI Summary

Tilray Brands, Inc. filed its 10-Q for the period ending August 31, 2023. The company reported total assets of $980,000,000 and total liabilities of $723,292,600. Key financial instruments include various debt obligations with maturity dates ranging from December 31, 2023, to July 31, 2033, with principal amounts up to $70,000,000.

Why It Matters

This filing provides insight into Tilray Brands' financial health and its debt structure, which can impact its ability to fund operations and future growth.

Risk Assessment

Risk Level: medium — The company has substantial liabilities relative to its assets, and a significant portion of its debt matures over the next decade.

Key Numbers

$980.0M — Total Assets (As of August 31, 2023)
$723.3M — Total Liabilities (As of August 31, 2023)
$70.0M — Largest Debt Principal (Due October 31, 2030)

Key Players & Entities

Tilray Brands, Inc. (company) — Filer of the 10-Q
August 31, 2023 (date) — End of the reporting period
$980,000,000 (dollar_amount) — Total assets
$723,292,600 (dollar_amount) — Total liabilities
July 31, 2033 (date) — Maturity date of a debt instrument
$70,000,000 (dollar_amount) — Principal amount of a debt instrument

FAQ

What was Tilray Brands' net income for the period ending August 31, 2023?

The provided text does not explicitly state the net income for the period ending August 31, 2023.

What is the total amount of equity reported in this 10-Q?

The total equity is not explicitly stated, but can be inferred as Total Assets ($980,000,000) minus Total Liabilities ($723,292,600), resulting in approximately $256,707,400.

What are the significant debt obligations and their maturity dates?

The filing lists several debt obligations, including one maturing November 30, 2025 ($25,000), one maturing July 31, 2033 ($25,000), another maturing July 31, 2033 ($1,250), one maturing August 31, 2026 ($3,750), one maturing August 31, 2026 ($5,000), one maturing December 31, 2023 ($1,200), one maturing December 31, 2023 ($1,500), one maturing April 30, 2025 ($3,500), one maturing August 31, 2028 ($22,635), and one maturing October 31, 2030 ($70,000).

What is the company's SIC code?

The Standard Industrial Classification (SIC) code for Tilray Brands, Inc. is 2833, which corresponds to MEDICINAL CHEMICALS & BOTANICAL PRODUCTS.

What was the previous company name and the date of the name change?

The former company name was Tilray, Inc., and the date of the name change was February 13, 2018.

From the Filing

0001437749-24-031040.txt : 20241011 0001437749-24-031040.hdr.sgml : 20241011 20241011091130 ACCESSION NUMBER: 0001437749-24-031040 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 118 CONFORMED PERIOD OF REPORT: 20230831 FILED AS OF DATE: 20241010 DATE AS OF CHANGE: 20241011 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Tilray Brands, Inc. CENTRAL INDEX KEY: 0001731348 STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 824310622 FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38594 FILM NUMBER: 241366509 BUSINESS ADDRESS: STREET 1: 655 MADISON AVENUE STREET 2: 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10065 BUSINESS PHONE: 519.322.8800 MAIL ADDRESS: STREET 1: 655 MADISON AVENUE STREET 2: 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10065 FORMER COMPANY: FORMER CONFORMED NAME: Tilray, Inc. DATE OF NAME CHANGE: 20180213 10-Q 1 tlry20230731_10q.htm FORM 10-Q tlry20230731_10q.htm 0001731348 Tilray Brands, Inc. false --05-31 Q1 2024 0.0001 0.0001 980,000,000 980,000,000 723,292,600 723,292,600 656,655,455 656,655,455 0.0001 0.0001 10,000,000 10,000,000 0 0 0 0 15 15 15 3.50 0 0 60 0 1,000 0 2 7,000 500 6,967 7,500 7,000 500 66,000 66,000 3 3 10 10 November 30, 2025 November 30, 2025 25,000 25,000 1.00 1.00 5 5 15 15 181 181 July 31, 2033 July 31, 2033 25,000 25,000 1.0 1.0 5 5 15 15 196 196 July 31, 2033 July 31, 2033 1,250 1,250 1.50 1.50 5 5 10 10 12 12 August 31, 2026 August 31, 2026 3,750 3,750 1.5 1.5 5 5 20 20 23 23 August 31, 2026 August 31, 2026 5,000 5,000 2.15 2.15 5 5 250 250 December 31, 2023 December 31, 2023 1,200 1,200 4.26 4.26 1 1 100 100 December 31, 2023 December 31, 2023 1,500 1,500 2.00 2.00 5 5 94 94 April 30, 2025 April 30, 2025 3,500 3,500 4.59 4.59 5 5 52 52 August 31, 2028 August 31, 2028 22,635 22,635 1.5 1.5 10 10 10 10 57 57 October 31, 2030 October 31, 2030 70,000 70,000 5 5 875 875 1,750 1,750 June 30, 2028 June 30, 2028 June 30, 2028 5.20 5.20 5.25 5.25 5.00 5.00 4.00 4.00 5.20 5.20 5.25 5.25 5 5 5.00 5.00 5 723,292,600 0 0 110,000 20,000 7,000 4 0 103,401 5,651 1,817 27,107 120,568 — — — 4,181 — — 151 8,198 11,107 3,885 — — — — 74,681 5,500 10,015 20,181 124,453 4 0 0001731348 2023-06-01 2023-08-31 xbrli:shares 0001731348 2023-10-02 thunderdome:item iso4217:USD 0001731348 2023-08-31 0001731348 2023-05-31 iso4217:USD xbrli:shares 0001731348 2022-06-01 2022-08-31 0001731348 tlry:CommonStockAndPreferredStockMember 2022-05-31 0001731348 us-gaap:AdditionalPaidInCapitalMember 2022-05-31 0001731348 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-05-31 0001731348 us-gaap:RetainedEarningsMember 2022-05-31 0001731348 us-gaap:NoncontrollingInterestMember 2022-05-31 0001731348 2022-05-31 0001731348 tlry:CommonStockAndPreferredStockMember 2022-06-01 2022-08-31 0001731348 us-gaap:AdditionalPaidInCapitalMember 2022-06-01 2022-08-31 0001731348 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-06-01 2022-08-31 0001731348 us-gaap:RetainedEarningsMember 2022-06-01 2022-08-31 0001731348 us-gaap:NoncontrollingInterestMember 2022-06-01 2022-08-31 0001731348 tlry:HTInvestmentsMALLCNoteMember tlry:CommonStockAndPreferredStockMember 2022-06-01 2022-08-31 0001731348 tlry:HTInvestmentsMALLCNoteMember us-gaap:AdditionalPaidInCapitalMember 2022-06-01 2022-08-31 0001731348 tlry:HTInvestmentsMALLCNoteMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-06-01 2022-08-31 0001731348 tlry:HTInvestmentsMALLCNoteMember us-gaap:RetainedEarningsMember 2022-06-01 2022-08-31 0001731348 tlry:HTInvestmentsMALLCNoteMember us-gaap:NoncontrollingInterestMember 2022-06-01 2022-08-31 0001731348 tlry:HTInvestmentsMALLCNoteMember 2022-06-01 2022-08-31 0001731348 tlry:CommonStockAndPreferredStockMember 2022-08-31 0001731348 us-gaap:AdditionalPaidInCapitalMember 2022-08-31 0001731348 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-08-31 0001731348