Widrig, if posters would research the basic points ofof the SAFE Banking Act - they would learn that it relates to the U.S. easing restrictions on federal banking law on U.S. cannabis companies operating in U.S. states where the state governments have 'legalized' cannabis.
These restrictions allow banks more discretion, without fear of federal prosecution of things such as offering debit/credit services, bank accounts and access to loans for cannabis sector employees - potentially access to U.S. senior markets, NYSE and Nasdaq - where US cannabis companies are not allowed to trade by law.
Given that Tilray is a Canadian cannabis LP - and that it has no CANNABIS operations whatsoever in any U.S. state, can you explain how you feel the SAFE Bank Act, will have the positive impact you imply in your post below.
Cannabis would remain illegal in the U.S. with SAFE passage - Tilray will still not have cannabis operations in the U.S.
It's obvious to everyone that SAFE will have a dramatic positive impact on US vertically integrated MSOs - who DO actually have grow operations, packaging, distribution and retail stores in states where cannabis has legalized - but Tilray has none of those things.
Ive repeatedly asked ventura to explain EXACTLY how SAFE would have an impact - of any kind - other than a short term share price increase, riding the coattails of the news - and the increase in valuation of US cannabis MSOs - with recent news of SAFE, re-scheduling, the Farm Bill being actual examples of how it will play out.
Thank you in advance for your opinion.
Comment by
widrigon Sep 17, 2023 9:46am 
72 Views
Post# 35640204
RE:Tlry will be trading at &20 in few months…
You are correct. The last real hype on SAFE was possibly going in the omnibus bill last early December. Share price popped to $5.18. This is very different, we have a scheduled vote and it's likely to pass. TLRY will be trading in the $5 to $6 dollar range near term. TLRY is the most diversified LP ready for the USA