As suggested, with advances in US Legislation, institutional ownership will begin moving out of the dead money Canadian cannabis sector.
Promoters no longer make continual boasts of Tilrays 20% institutional ownership - which now sits at around 6%.
And once US companies gain access to senior exchanges - the changeover will be devasting to Canadian LPs such as Tilray - who've have no comprehensive strategic plan(s) to enter the U.S. market - as many others with competent leadership have had in place for years.
I guess if Simple Simon followed the cannabis sector, he might have heard about the likliehood that the US would eventually introduce progressive legislation. Instead he was spending investors cash on nonsensical purchases of bankrupt CANADIAN LOs like Gexo - and dead money, failing craft beer companies in the alcohol sector.
BlackRock Inc. reports 15.36% decrease in ownership of TLRY / Tilray Brands, Inc.
On May 10, 2024 - BlackRock Inc. filed a 13F-HR form disclosing ownership of 2,535,986 shares of Tilray Brands, Inc. (US:TLRY) valued at $6,263,885 USD as of March 31, 2024. The entity filed a previous 13F-HR on February 13, 2024 disclosing 2,996,231 shares of Tilray Brands, Inc.. This represents a change in shares of -15.36% during the quarter. The current value of the position is $5,021,252 USD.