Post by
Tradinghands on Apr 12, 2024 7:43pm
Sad to say but TLRY threw cannabis stocks into a free fall
I appreciate the truth that TLRY came out with the not so hot 2024 guildance but I find it hard to believe that they could see how the rest of the year was going to go afterall Germany market only just opened up and if the DEA does make changes that will benifit TLRY this year I would think that earning would improve but when TLRY threw shadows over guildance it affected all cannabis stock and all you read after was how a lot of them wouldnt be profitable this year with some worse than others. And then the rumblings that not all DEA can agree on changes even saying that it might happen after elections with these latest issues theres little wonder why cannabis stocks started to retrace back towards March's low. The perfect storm happened today with the DOW selling off and its actually down close to 2000 pts from recent highs indicating that a correction might have just started and no wonder the bullish market needed rate cuts to happen but with higher oil inflation is still running hot to the point that the FED might need to raise rates and this is the same problem with cannabis the market exploded only to implode when targets seem further away. I'm long for TLRY but its getting everyone else onboard that matters. Out of all of our peers TLRY is the one for the best chances of survival in uncharted waters. Canada has their own issues ontop. GLTA
Comment by
quinlash on Apr 12, 2024 10:09pm
Don't be mistaken to think that 2024 guidance means Dec of 2024. Guidance was in fiscal 2024 which ends next month. The report that just came out was Quarter 3 for Tilray, we are in Q4 now Just clarifying in case anyone thought otherwise