Exports to GermanyA number of Canadian Licensed Producers, including Tilray, have been supplying Germany, Israel, Australia, Portugal and other countries Medical Cannabis for years now.
Germany just recently (weeks) voted to legalize cannabis and therefore will be needing more product here soon. I know that Tilray Brands and Canopy Growth each have medical branches if their operations setup in country with Germany so these two (min) can be expecting upticks thanks to Germany.
In Canada I believe we are expecting Cannabis reform in April which is expected to lift the heavy tax burdens off cannabis companies which will aid in improving net profits and flip these companies into EPS positives sooner than expected.
Cannabis reform may also allow the export of recreational cannabis abroad which only makes sense as the restriction makes little to no sense whatsoever.
This is an emerging market. When Canada Legalized back in 2016 these stocks roared to multiples unheard of. Canada has less of a population than the state of California.
The United States being seen as the largest market for Canada in the world (by county). Europe is now reported as the largest total market by region and dwarfs the US Numbers.
Once all countries are legal we can say that the market is fully open.
These cannabis companies are only scratching the surface of future sales potential at the moment with generational wealth potential for early investors running extended timelines as part of their investment plans.
If you don't see this reality not this future growth potential then look closer. If you still can't see it then move along to something more interesting to you.
Best Regards
Q
- Long on Tilray