Tilray Brands, Inc. TLRY

King Irwin welcomes retail investors

[CommonCentsforDollars]

Tilray CEO welcomes retail investors

Jun. 08, 2021 5:14 PM ETTilray, Inc. (TLRY)Delta Air Lines, Inc. (DAL)Tilray, Inc. (TLRY)AMC Entertainment Holdings, Inc. (AMC)By: Brian Stewart, SA News Editor9 Comments

 

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• Courting the same meme-stock investors that backed stocks like AMC Entertainment (NYSE:AMC), Irwin Simon, the head of cannabis product maker Tilray (NASDAQ:TLRY), said Tuesday that he welcomed the interest of retail investors.
• In an interview with CNBC, Simon embraced the fact that TLRY had become a talking point on WallStreetBets and in other Reddit discussions.
• "We love having them as part of our shareholder base," he said, referring to activist retail investors.
• Simon said these investors made excellent shareholders due to their high level of knowledge about the company and its products. He noted that a large number of retail investors have come into cannabis stocks, as evidenced by the nearly 30 million shares of volume TLRY experienced during Tuesday's session.
• Simon's comments came after Tilray announced the launch of a new medical cannabis brand called Symbios.
• Speaking about the launch, Simon told CNBC that the product would provide a lower-cost medical alternative for patients with pain and arthritis. He referred to it as a "value-added" play in the market.
• The TLRY CEO also mentioned a new beer from SweetWater available on Delta Air Lines (NYSE:DAL) flights, noting that he could see beverages with CBD and even THC on flights some day as a way to calm fliers' nerves.

[optimi$tic]

Simon said these investors made excellent shareholders due to their high level of knowledge about the company and its products. soooo let me get this straight, a bunch of activists, not that theres anything wrong, pick a few stocks that are highly shorted and nothing else and try to cause a revolution, are labelled as excellent investors n shareholders. If thats the case, then what are us

[Vegas63]

Hi Optimistic  I see your point ,, but maybe  Simon , if  you read in between the lines is trying to encourage the Wallstreetbet and the Reddit folks to send this stock into orbit..  He could have mentioned us longs also but we will benefit .. hopefully his plan works for everyone's sake .. Vegas

[optimi$tic]

true that true that, HOWEVER.....in february BK said this: Tilray CEO Brendan Kennedy told CNBCduring the GameStop drama that he was experiencing PTSD from his own short squeeze years before. "I remember getting five different calls from Nasdaq in a single day about our stock being halted because the short sellers were being squeezed so badly," Kennedy told "

[optimi$tic]

he made a huge mistake making such declaration almost kinda mocking them, trying to fool them into being bag holders. But they now see this as a MINE stock, not a meme stock