Can someone explain what happened to TLRY and their announcement of $150 million in senior notes?

I have about 800 shares of TLRY. my cost basis is around $8. I've been slowly buying more and more to average my cost basis down to where I can hopefully unload it one day. The stock plummeted 50 cents today because they announced senior note offerings of $150 million. None of things I've read really puts it in leyman terms and I am super confused. Is TLRY in trouble? Should I be scared?

submitted by /u/BionikViking
[link] [comments] https://www.reddit.com/r/stocks/comments/13sk8w3/can_someone_explain_what_happened_to_tlry_and/
Created 2y | May 26, 2023, 7:21:13 PM


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