Note of Interest from the Q1, 2023 Earnings Call Transcript Note of Interest wrt what Safe Banking will do for Tilray from the Q1, 2023 Earnings Call Transcript
Tamy Chen
I just had one quick question. Just a follow-up on a previous one, just talking about the U.S. and SAFE Banking Act specifically. So Irwin, it sounds like from your answer to that previous question that at this point you also are not sure exactly what a Safe passage might mean for your ability to go in the U.S. Could you remind me -- I think for you probably the biggest hurdle to clear would be where the stock exchanges like NYSE and NASDAQ stand with respect to plant touching U.S. cannabis businesses. So, could you just clarify if you think Safe passage that especially might trigger or allow you to go in the U.S., or really, you don't know if it will let you because you're more waiting for the stance of the stock exchanges? Thank you. Irwin Simon
So, number one, I think as I've said before, in regards to us selling only cannabis companies SAFE Bank is not going to do anything for us. But I'll tell you what I do believe is going to do, and it's interesting, all of a sudden, investors start to and institutional investors start to look at this industry now and start to look at how they invest in this year.
And listen, you may get other cannabis companies with NASDAQ and New York Stock Exchange now that could list there, which there's more dollars out there for them to raise, but I think from a standpoint for Tilray today is this here. I mean, having institutional investors as a part of our ownership was something very important to us. But -- and the opportunity for us to grow within other countries to be ready for the U.S. is something that we're going to continuously focus on. But it doesn't change anything for us that we can own U.S. assets.
Cheers,
CentreIce
GLTA