Tilray Brands, Inc. TLRY

Tilray's US Acquistion

[quinlash]

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.

Best Regards

Q

[quinlash]

Sorry about the type-o's, I'm one-thumbing today :)