RE:RE:RE:The Safe Banking Bill does not As a shareholder of Tilray I hope beyond reason that all your points are valid CIA. I will not argue against one of them!!!! That would be oddly self defeating.
The reality is any short term gains are off the table (and not because of Tilray, mainly due to USA politics); but long term I see Tilray as the best positioned LP. I am hopeful they do move toward 30 percent of the Canadian market and continue to reach into Europe.
As for Simon, I agree he is a sharpshooter. I am hopeful he shows us all he is worth as much as those CEOs of hundred billion dollar companies. I just wish he owned more shares.
Nice conversing with all of you again. It has been a long year in this sector.
CaneIsAbel wrote: I agree that the Dems will lose the Midterms given the polls today. Republicans however are growing more and more fond of legalization on their terms. They aren't blind that the majority of American including their constituents agree with full legalization. The dems may attempt a push prior to mid terms for a boost in the polls. Nothing Tilray has done in recent history caused this much depression and short volume to pile on its publically traded ticker. That was a result of this current administration stalling on cannabis legislation which can change quickly if they get their act together. Irwin Simons package initially was hard to swallow. But it's not for this current year alone. It was a package running through till 2023. It won't be recurring. Irwin Simon is a seasoned CEO with contacts and skills unrivalled in the industry. Even Cramer on lightening round said he can't bring himself at this time to invest in Cannabis but he does like Irwin Simon a lot. I wasn't an early fan. After much research and reading his history in the field is one heck of a resume. He triple Hains bottom line in less then two years. He knows how to make moves he's got all the right contacts. Let's take a look at Tilray.
-he acquired Sweetwater beverage diversifying our company gaining a foot hold in the USA. Sweetwater is expanding rapidly. I expect better numbers this quarter with pubs and universities/colleges in the fall.
-he brought us a complicated deal working around current laws to keep us listed on the nasdaq and bringing us a major Cannabis Retailer MedMen in the USA day one of legalization. WERE THERE. He undid our forced spin off of LHS in Florida and effectively brought back in the action.
-He brought us Manitoba Harvest another UsA company in the dealings of Hemp and CBD which is now currently in the headlines with laws in California chanagujg favourably to hemp. Hemp is environmentally friendly and cbd is known for its wellness
-he brought us Canadian consolidation with Tilray which also strengthened us globally. We combined our France, Portugal, Spain, Poland, New Zealand on and on you know Tilrays reach. He strengthened our position in Germany completeing that state of the art facility (he promised us more medical acquisitions and consolidation.
-he's lobbying government to include us on prescriptions. He will succeed I believe he's got the contacts to make moves
-he brought us 50 million in synergies in under five months and we have another 50 more promised. We save millions converting Tilrays legacy products.
-he brought us 100 million in private purchasing from an unnamed investor. I'm still wondering who they are and what future dealing we have with them.
-He promised us 30 percent of the Canadian market he brought us 16 percent in under a year he hired ex executive Bacardi Chief to lead the operation he also signed a deal with Northen Distrubutors across Canada less Quebec giveing is access to VERY VALUABLE data analytics on the market and retail presence
-there's more achievements many more
Bank of America and Citadel triple shorted Tilray they knew it was an easy play given the atmosphere in Washington. BOA also owns shares Long in Tilray. This short term pain was orchestrated. It's way oversold.