Do you not follow the cannabis sector quinlash?
Canopy did NOT buy a U.S. cannabis company - they invested in one, with the option of purchase. Canopy USA May acquire Acreage - but Canopy USA is not a Canadian cannabis lp.
You should do some research - if you know how to use google, you could look at Canopy's website, but be careful of which currency you're looking at.
As for your question on whether on the Tilray press release regarding the intentions of the $250 million ATM - you can google that as well.
You should try to do your own research - not depend on an anonymous bullboard to answer your uninformed questions.
It's fairly nonsensical that there are Canadian citizens companies already involved in the US cannabis sector - which would be as illegal as Tilray buying. US cannabis company
You should spend some time catching up the cannabis sectors and the laws relating to them - it's apparent uour not up to speed
Post by
quinlashon Jun 29, 2024 10:31am 
45 Views
Post# 36111993
Tilray's US Acquistion
If TLRY buys a US company to aid in its cannabis sales within the it is it will be in fact NOT the first Canadian company to do so, here's why :
#1 - Canopy Growth did it first, years ago
#2 - TLRY is a US company headquartered in New York City. Even their QTR Reports are stated in US Dollars
Anyone comparing numbers between Canopy Growth and Tilray need to account for the exchange rate.
I would encourage investors to visit the TLRY webpage to pull up the press release regarding the pending acqustiion to get the details.
Note this:
Did TLRY say they were buying a US company or did they simply say a company to aid in the expansion into the US ?
Here's the catch, TLRY could purchase a Canadian company that has business within the US but does not infringe on existing federal cannabis restrictions.
I have a company identified that fits the bill however it's only speculation on my part and therefore will not be sharing at this time.
We may see something this week, again speculation, however recent changes with the company I am monitoring may suggest they are now positioned for a merger. Actual news will come on Tilray's own schedule so again, I am making some guesses here
Hope everyone has a safe long weekend in Canada. As always weekends are great for doing a little research and learning without the stresses of trying to trade at the same time.