RE:RE:RE:RE:Well, TLRY results suck
TheGrapeOne wrote: Lot of hatred in one post towards the industry, Which company did you work for at somepoint lol
The Canadian maret was viewed to get the eperiance and learn befor ethe US market opens up.
Smart companies are not waiting for federal legalization but planning out the entry now.
Canopy was years ahead and as such are not opperating in most states one way or another.
You should talk to some one about your anger lol
BudFoxx2020 wrote: None of this matters. There is just too much weed being produced and not enough demands. Just look at every street corners or the malls and they have a cannabis store. The whole idea was to produce for the US markets and now that legislation have been pushed back even further, there will be more loses and writedowns for these cannabis companies. The Canadian markets are too small. Forget the nonsense about the foreign markets. There is no chance for them to compete in them. The whole point was to produce for the demand of the American markets. There is more pain to come with the looming recession. Like I always said, sit tight and be patient. If you can't just trade it when ever there is any rumours about legislation buy and just get out before the end of the day. Aurora and Hexo are already bankrupt. I really wouldn't be suprised to see Canopy restructure under bankruptcy and then re-emerge. One last big flush coming then the sector will rise from the dead. Cheers. Good luck in 2023.
quinlash wrote: That may be your opinion however I fail to see how you came to it. Tilray reported a notable increase in sales, free cash flow as well as margin improvements and 15th QTR of adjusted EBITDA posiive.
It's a positive for Tilray and for the sector as it is another piece of evidence that these companies are capable of growing sales without much progress to date on the US Side of things.
Can't see the anger in the post. A lot of truth in it, to be honest.
There will be consolidation in Canada 2023. A good possibility you will see 1 or 2 of the top 5 LP's bankrupt or delisted from the Nasdaq.
Im full on Canabis bull, but you have to be realistic here and take off the rose coloured glasses.
2023 will be a year of maturation. Canadian market will be cleaned up as it is over saturated with cannabis producers. And, you still have the black market. USA is a long way off. Europe behind schedule, due to Ukraine. It will be the first to fall to legalization. They need the tax money.
Swiss National Bank lost 144 billion in 2022
And yes, patience is the key.
Cheers,
V