Tilray's Stock Just Crashed 21%. Here's Why It's a Better Buy Than Before.
With its shares falling by 21% in the last 30 days, Tilray Brands (NASDAQ: TLRY) is actually looking a bit more appealing than earlier in the year. The culprit for Tilray's stock cratering is its announcement on May 26 that it is issuing $150 million of unsecured convertible senior notes. In this case, the notes are due in 2027, and they're being issued at an interest rate of 5.2%, which is surprisingly decent given the company's long-term debt load of $312.5 million as of its most recent quarter.
