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 multinational marijuana and beer company's latest fundraising activities, while detrimental to its share price in the short term, could be what it takes to make it thrive in the longer term. 

And its valuation is now even lower than before. It isn't anywhere near being a no-brainer buy just yet, and it's still a gamble to invest in. Still, things could be looking up, which might be favorable for shareholders.

The culprit for Tilray's stock cratering is its announcement on May 26 that it is issuing $150 million of unsecured convertible senior notes. You can think of the action as taking out fresh debt that can be exchanged for shares of its stock before a certain deadline. 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. 

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Source Fool.com