RE:RE:RE:Irwin Simon - VOTED as CEO of TilrayThe market sets the price. But that price is based on the performance and results that are garnered under that CEO. Face it Simon has a lot of excuses, and when asked a tough question he does have a tendency to get his back up. He has made a lot of statements in the past which have not come true. But he kept his promise of growing cucumbers.
He has not been able to maintain market share of Canadian Rec space, nevermind grow upon it. I expect he will want to purchase another top 25 company in Canada with the hopes that the combination will bring market share to over 15%. But then his track record shows he will continue to lose share. Blame it on price compression or too many operators out there. Hey But at least he can point to a growing market in Germany.
Tax reform in Canada will not make the company profitable, yet in the past that was what all the talk was about. He might be a nice guy with a vision, that includes more focus on talking about being a top 12 beer. He might have a good business plan on paper. But I don't believe his execution of the plan has served shareholders in the most beneficial way.
That is why the market is setting the share price as it does. He either needs to step up his game or step aside to see if there is someone else who can enhance this company.