18 million shares traded on the Nasdaq on Friday and almost a million on the TSE.
It shows an interest from American investors above my guesstimation calculation that US sales should be 10x Canadian sales just for population numers alone.
18 million shares on Nasdaq is about average for Tilray, 1 million on the TSV is higher than average volume. But without knowing how many shares were buys and how many were sells - it would seem there wee more sells given the share price dropped on Friday.
In no way is that scientific but 18 times sales shows that US citizens are willing to buy Tilray and hopefully the protective practices may be succumbing to Tilray being sharepriced well enough that they see an upside coming.
Again - not sure why you think all shares traded were 'buys'? Do you think maybe you're reading a little bit too much into your theories?
The US is on track to continue one State at a time to go legal either for pharma use or adult rec use and they haven't strangled their pot biz with ridiculous posession limits and brown wrapper packaging like Canada did, but are dealing with now that Canadian players are migrating to the US.
? What Canadian players are migrating to the US - that would be illegal. Even Simple Simon has stated numerous times that Tilray will be in no involved in US cannabis until after legalization.
The Canadian LPs led the way and the US pot companies went to school on Canada's development of this new vice and pharma industry but I believe that Canada is still a force if they can get set up where legal on US soil because they have recipes and IP and have test marketed and enough time to tweak products for Canadian consumption which should be similar to US tastes.
No. Cannabis was legalized in Canada in 2018 - and Tilray was created the same year. Cura (2010), Trulieve (1940), Cresco (2013), Green Thumb (2014), Verano (2014) - all were oeprating in legalzied States YEARS before Canada. They've had 'recipes' for years and years to improve them.
You do recall that California legalized cannabis in 2016 and Colorado in 2014, right?
When the LPs get to the States they know what sells and what doesn't and just need to adjust for same strength and same size packaging that is a pitfall that the States haven't fallen in to yet.
No. Canadian companies have hardly learned what sells - and are just now dropping low margins products and cost cutting - 5 years after legalization.
The US is also more proactive with packaging and advertising in the States where marijuana is legal. They also have the immunity idol of the pro pot States administering their own justice for infractions that hasn't bled over to the Feds with their heavy hand, interferring, although it does seem to be a handshake deal.
Cannabis is a Schedule 1 drug - as such it falls under Federal jurisdiction - and it remains illegal on a federal level - including in those States that have legalized. The feds are hardly 'heavy handed' - turning a blind eye to those States
It's the States that are heavy handed - sending people to jail (generally people of color) for simple possesion as the privately run jail systems in the States are cash cow, lobbyist-run. Keeping local State jails full is a scam business.
I think US business is smart enough to carry on with progressive moves along the lines of what the invested lobbyists are telling them that they need except the fact that there seems to be a reluctance to Federally decriminalize marijuana and launch a All State commerce where Interstate commerce is allowed.
Despite the declining shareprice of most potpreneur stock, I sense that Tilray has the big picture in sight and that they feel they need to be in the US marketplace because the MSOs are able to show black ink and Tilray expects the same.
mmmmm - not sure there are too many MSOs showing 'black ink' - Pure Sunfarms does in Canada - one fo the very few. But if that's true - your above points are kind contradicted - yous aid US oeprators would learn from Canadian LPs?
In the meantime they seem to be building out with acquiring beer and alcohol producers so they are ready for rapid setup of cannabinoid bottling or following the success of STZ Constellation Brands who have had good success with alcohol beverages and an intention to provide thc and cbd beverages especially if they level the playing field for cannabinoid infused beverages with beverage alcohol.
Constellation has invested in Canopy Growth - I dont own Canopy and probably wont ever, but there are analysts thats ay Canopy may be the dark horse regarding entering the US after legalization. Constellation isnt going to let Canopy fail - and therefore lose their investment.
I read that there have been 117 tweaked SAFE bills presented to the Senators that passed the initial house vote and only require the potus signature to legalize pot in the US which I honestly believe the people charged with passing this legislation are fearful of the Cartels revolting if they legalize. Everybody knows the fear and high stakes that the Cartels wreak on their competition but the US not dealing with this issue now isn't going to make it any easier to deal with later.
Canadian LPs will not benefit - in any way - from the passage of the SAFE Bank Act, legislation for US cannabis operating in US STates that have legalized. There are ZERO Canadian LPs operating in the US, period.
If you provide information to refute my statement, pelase do - otherwise you Canadian investors better read the SAFE Act if that's what youre counting on.
Canada used to be called Mexico North but I think that is changing right before US eyes with killings and shootings becoming more prevalent all the time in the US who need to deal with this issue or just declare the Cartels as in control!
Okay. Sure.
But the mass shootings have nothing to do with organized crime - lunatics and no gun control going into schools and churches aren't fighting over territory.
And of course, there's the hate crimes - fueled by right wing extremists promoting race and ethnic hatred of people of different colour and ethnic origin.
Some on this board practice this particularly disturbing and vile rhetoric.
Other than those few points, I agree with everything you said.