RE:RE:RE:Well, TLRY results suckBudFoxx2020 wrote: None of this matters. There is just too much weed being produced and not enough demands. Just look at every street corners or the malls and they have a cannabis store. The whole idea was to produce for the US markets and now that legislation have been pushed back even further, there will be more loses and writedowns for these cannabis companies. The Canadian markets are too small. Forget the nonsense about the foreign markets. There is no chance for them to compete in them. The whole point was to produce for the demand of the American markets. There is more pain to come with the looming recession. Like I always said, sit tight and be patient. If you can't just trade it when ever there is any rumours about legislation buy and just get out before the end of the day. Aurora and Hexo are already bankrupt. I really wouldn't be suprised to see Canopy restructure under bankruptcy and then re-emerge. One last big flush coming then the sector will rise from the dead. Cheers. Good luck in 2023.
quinlash wrote: That may be your opinion however I fail to see how you came to it. Tilray reported a notable increase in sales, free cash flow as well as margin improvements and 15th QTR of adjusted EBITDA posiive.
It's a positive for Tilray and for the sector as it is another piece of evidence that these companies are capable of growing sales without much progress to date on the US Side of things.
Yes I agree with Budfoxx2020 ,,,there are far too many companies producing marijuana for the demand,, I think he is also correct in saying Aurora and Hexo most likely will go bankrupt..
Also agree about the part about Canopy restructuring under bankruptcy,,, in fact if they were not given
5 billion dollars they would have gone bankrupt a long time ago...l
So that being said Tilray's earnings report maybe does suck or maybe not .....
Until Germany legalizes and the United States legalizes there is a lot of waiting and many
Companies will not get to the finish line in this marathon race...
Tilray is considering growing strawberries or lettuce in facilities instead of moth balling or running
At idle capacity....whatever it takes to get to the finish line....
By the way Irwin Simon has lots of connections with Costco, Walmart, Loblaws and whole Foods
So at this point selling strawberries or lettuce may get Tilray to the finish line...whatever it takes.....
Vegas