TILRAY & MY TWO CENTSThe other day when Tilray hit 52 week high around 127 USA that morning they put out a press release was that they there First LP to be allowed to sell Recreational Marijuana in Germany and they had received license from the German Goverment . Then fast forward the pledge party and Naughty Nurses lol . I beliive the nurses in hindsight was poor decision from management but Tilray used this as excuse to termimate there supply deal with namaste because they well make more money selling in Germany then selling domestic. This is facutal as Canopy after conversion back to Canadian dollars was in excess of 13 to 14 dollars a gram there German profits .
Plus i belive they dont have the capacity at this point to supply everyone with this new German license they just recieved to sell receational marijjuana .
Namaste Should have waited for the license and Nasdaq as we were so close before they had any party.
Everything is timing and with legalization only 4 weeks away this bad PR is not good. Had this bad PR not happened we might have meet Nasdaq requirement and this stock would have expolded to the upside with all the good Press releases from the company and Forbes article putting Namaste 7 dollars price target on the stock. .
Now we wait and see how this unfolds still optimistic but i am down 150 thousand in my profits so not happy camper .