What Ive asked time and again, is a simple questionthat Ministry officials have never answered.
If you want to be invested in the cannabis sector, and you're holding/waiting for U.S. legalization - then why would you invest in a Canadian cannabis LP such as Tilray - instead of a US MSO, already operating in the 40 states that have already legalized (to varying degrees of rec and medical).
You're waiting for legalization......24 states have legalized recreational cannabis, but you'res till waiting for legalization so a Canadian company can sell in those 24 states?
The other point Ive tried to make is that the US and Canadian cannabis sectors are separate and distinct. U.S. re-scheduling and SAFE have absolutely no impact on Tilray or other Canadian cannabis LPs.
Like today - as in the past - Canadian LPs will ride the coattails of US news, showing gains - but not to the extent of US MSOs - and the Canadian share prices will fall back once reality sets in again.
Look at the impact of today's news (all sp increases):
Weed .43 cents 12% Verano $ 1.61 .28%
ACB .43 cents 11% Curaleaf $ 1.47 .26%
OGI .27 cents 11% Trulieve $ 1.70 .13%
High Tide .20 cents 9% Cresco $ .29 .13%
Tilray .17 cents 8% GTI $ 1.97 .10%
Like Ive also posted - Tilray isn't the worst investment out there, investors will have to be patient a lot longer and they'll see smaller returns. In the meantime - holding long means your Tilray money is tied up and dead, and while you wait for modest returns in a couple of years - you miss other opportunities with greater returns.
AND alcohol was up 117% - and Boris is a Russian oligarth.
To each their own - I dont wish anything bad for Tilray investors, I just really don't like the false promoters who post misinformation on the board.
Good luck with your Tilray investment