No quinlash - again, you post inaccurate information, Molson pulled out because sales were 'immaterial'. You posted yourself that the products ewere available in 29 states.
Molson pulled out because Truss was a waste of time - and a cash burner. Neither Molson or Hexo (or Truss) were involved in the production and distribution - that was done by a separate third party.
You also have no idea if interstate commerce rules will change - or the possible timeline.
But if US interstate regulations were the reason Molson terminated the JV, then how do you explained Molson terminating the Canadian deal?
Truss may be #1 in Canada - but that translates into a lousy $12 million in gross sales, negative cash flow - and nothings ng but Net Loss.
Its no wonder your past choices of Newstrike, Hexo, Zenabis - and now Tilray have been failures
Comment by
quinlashon May 24, 2024 3:02pm 28 Views
Post# 36056407
RE:RE:Cannabis Drink Market
Truss and Molson did indeed sell Cannabis drinks in the US for roughly a year, that was back 3 or 4 years ago now. They pulled out due to challenges with cannabis regulations making things difficult to expand.
The cannabis regulations are now going to change.
Once the regulations allow I would not be surprised to see Coke and Pepsi move in to acquire companies producing the higher quality drink companies