I should have articulated my expectationswhen I informed you guys that I picked up some Tilray. True to form, the sp dropped even though I thought I was getting in at a bargain basement deal. Story of my life.
It does seem that some of the cannabinoid beverage players are getting fired up again with lots of notices of new beverage skus hitting shelves.
Even my long time investment in Tinley Beverages dropped a nr today that they are kicking their bottling line back to cranking out no alcohol, no thc adult flavoured drinks and a hemp derived THC infused drink that is supposed to transgress most of the restrictive rules set out by the anti-pot gang that are trying to save us from ourselves. They raised a million and a half to crank out their products and cleaned up the balance sheet with a shares for debt deal.
They also have teamed up with a more successful bottler with cannabinoid infusing beverage experience called Blaze Holdings.
Too many of these guys have mothballed their operations while looking for some direction from the politicians in the US in regards to pot legalization that is good enough to draw the International players to do business in the States.
Tilray, Tinley, Cann and BevCanna are a few that seem to be breathing life back in to their cannabinoid infused beverage intentions while others seem to be giving up.
Hopefully the cream will rise to the top and the rest will drop out so we can get supply and demand sorted out and get the old/new vice properly launched.
I am looking forward to being able to order a cbd or thc beverage at my local wateringhole.
glta and dyodd