RE:RE:RE:Tilray Brands New BoatVentura2020 wrote:
Oldweed wrote: Well lets hope your ship is not another unsinkable TITANIC! The sector will suffer if it is another CGC debacle.
There will be plenty of ships sinking.
Another tip from "Boris" on MSO's.
So, Question? You are saying CGC was responsible for the Suffering in Cannabis stocks. Comical
Since you asked so nicely here is what I actually say:
CGC was, at the time, the cornerstone of the sector with a 4 billion dollar investment from STZ. As a high profile company the utter gutting in shareholder value has cast a large overhang on the entire sector. To date, an alcohol/MJ union has not fared well, since Tilray has not been able to attract a partner in the alcohol sector or any other sector other that would invest in them, Irwin has decided to create his own partnership in alcohol, probably more out of lack of other options than anything else. Wether or not you are invested in Tilray it's success or failure will have an impact on the sector, albeit far less than CGC it is still a tier 1 producer. (if you drop a stone in a still pond everyone will notice the ripple. I say that losely, as there are companies with comparable revenue in Canada such as HITI so Tilrays impact may only be short lived, and if it fails while the MSOs are in full swing squeezinig Tilray out tof the US market while solififying market share, then those ripples will not even be noticed. Timing will be the key in that case. I have said this before and I will say it again, there is a reason why no whale has invested in Tilray, the question is, is it the company or the captain at the helm? The MSOs have a far greater chance of success in the US than Tilray, that is 100% a no brainer, HITI is the most likely takeover target of a whale or MSO, OGI has the most promise of a Canadian LP with their backing of a whale. There you have it, the most simple explanation of how I see the sector, do with it as you wish and good luck with your leaky boat lol.