TLRYTilray Brands, Inc.

Takeover signals

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

2of 15 firedHow well they predict deals →

TSR below peersYes
5 of 5 years
3+ of last 5 years
High CEO pay despite TSRYes
$16M median
Median CEO pay ≥ $15M while TSR trails

13 other checks

Earnings not backed by cashNo
—
Cash flow under 80% of net income
Dilutive SBCNo
—
Over 10% of revenue
Payouts exceed cash flowNo
—
Buybacks + dividends over cash flow
Goodwill-heavyNo
—
Over 40% of assets
Shareholder dissentNo
—
Any vote under 80% support
Low revenue per employeeNo
—
Bottom quartile of its SIC industry
Quiet on AINo
—
Bottom quartile of AI mentions in 10-Ks
Net cashNo
—
More cash than debt, positive EBITDA
Buyout-sizedNo
—
Market cap $500M–$5B
Recurring revenueNo
2 of 10
10-K business scored 7+ of 10 for recurring revenue
AI-rollup shapedNo
0 of 10
10-K business scored 5+ of 10 as an AI-rollup target
Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
$0 net
Net sales over $10M in 12 months

Deal filings

Filed	Form	Acquirer	Price	Premium
Mar 12, 2021	DEFM14A	—	$0.84	—

Key numbers

Revenue: —
Operating margin: —
EBITDA: —
Net debt / EBITDA: —

Financials

No XBRL financials yet.

13D filers

None on file.

Insider trading

No open-market trades in the last 12 months.

Pay vs performance

Year	CEO total comp	Comp actually paid	TSR (indexed)	Peer TSR
FY2026	$22M	$19M	3	16
FY2025	$10M	−$5M	3	14
FY2024	$10M	$11M	11	21
FY2023	$16M	$6M	10	20
FY2022	$19M	$6M	26	39