RE: THIS HAS BEEN ENTERTAINING - GLTAI would agree, the forum has been "entertaining" to an extent.
This is what I found "entertaining" :
- The same people creating multiple accounts trying to pass themselves off as different people. This is painfully obvious for a certain repeat-offender we have here on this forum and now appearing on the Tilray forum. SH is proving itself out (once again) as a very poorly moderated forum.
- The constant re-hash of old news which they see as negative vs progress being made by various companies to manage expenses and move towards profitability. This also includes progress being made in the US and other countries towards Cannabis Legalization.
- The constant focus on glass-half-empty statements vs anything remotely "Glass-Half-Full"
I am sure the time it has taken for Cannabis Companies to progress towards profitability is taking longer than most expected, this can be in large part tied to delays in the US in terms of legalization.
Had the US legalized by now (or made better progress) then Companies such as HEXO and Tilray would have access to a substantially larger market and would be selling more thereby having much stronger sales numbers.
SAFE Banking and De-scheduling of Cannabis in the US is once again being spoken about by the Biden Administration and the US has an election campaign cycle coming up. Both of these items may start bringing attention back to the sector and better prices. Considering where these stocks are trading against the fundamentals any correction back to a remotely reasonable level would be notable (IMHO)
So... when anyone wants to criticize the Cannabis Bulls on this forum I would kindly remind them of this -> The Market Sets the Price. Sometimes it presents opportunities that no one seen coming while at other times you need to revisit your investment and double down on your research and patience (as a minimum).
The Market also sets the Schedule / Timing so when investing allow for a lot of time, you can learn this the hard way (by doing) or the easy way by using common sense and not going in too hot and heavy on your first trade (this goes for all investments) -> Research and consider "Dollar Cost Average Trading", it's not exciting or sexy but it works well over extended periods of time.
I am opting to hold for US Legalization, I made that abundantly clear and I am not changing course.
GLTA
Q