Reddit discussions surrounding Tilray Brands, Inc. (TLRY) have been dominated by the ongoing MedMen bankruptcy saga. Over a year since MedMen filed for bankruptcy, Tilray, which owns MedMen's bonds, is still entangled in the proceedings. Some Reddit users express skepticism about the potential value Tilray might recover, with one user stating, "MedMen has no assets and no value post liquidation." Others speculate on the possibility of Tilray acquiring MedMen's real estate and licenses, which could potentially open access to the U.S. market, though opinions remain divided on the likelihood of this outcome.
The conversation also touches on Tilray's broader challenges in the Canadian cannabis market, where financial difficulties have led many companies to seek creditor protection. One user noted, "The Tilray losing market share is only temporary while they outlast the competition with growing markets and product expansion holding them over." Despite the challenges, some investors remain hopeful about Tilray's long-term strategy and market position.
As of the latest update, Tilray Brands, Inc. (TLRY) is trading at $1.48, reflecting a 3.5% increase from the previous close.