RE:LOL! Poser Clown Shorts Getting Roasted & Just Desserts Savage97 wrote: $TLRY shares have gained 13.02% over the past month, outpacing the Consumer Staples sector's gain of 0.85% and the S&P 500's gain of 3.82% in that time. The global medical cannabis industry is projected to reach an estimated $77.13 billion in value by 2032 according to a new market report by Straits Research. Straits Research describes itself as “a market intelligence company providing global business information reports and services.”
“As per the latest report by Straits Research, the global medical cannabis market size was valued at USD 17,075.39 million in 2023. It is expected to reach USD 77,134.83 million by 2032, growing at a CAGR of 18.24% during the forecast period (2024–2032).” Straits Research stated in a press release.
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The cannabis stocks I monitor are all doing well as of late. I'll go out on a limb and say that Trump's appointment of a pro cannabis VP is adding optimism that the higherr multiples will be seen in these stocks once again.
As for Shorts, they are all under contract to buy (cover) every share they sold short on so it's more of an opportunity than a concern for me.
JMHO