might get a Trump bumpbut keep in mind that the man is desperate and no stranger to telling you what he thinks you want to hear.
For me, Tilray's hope is that Simon is stil actively pursuing beverage skus but sadly we are still Canadian blood despite our US ambitions.
Contrary to our number one competitor on the Canadian scene, Canopy who are Constellation Brands owned who are a successful beverage guys and also a successful publicly traded company on US soil, who have seriously stepped away from their beverage ambitions in Canada and continue to fail to get any traction for their ambitions of converting Canopy to a US recognized pot company.
When a bona fide experienced beverage company that jolted the pot businesses of the world to life and excitement for investors by putting up $5 billion C dollars to control Canopy, cuts said company to the bones and seems to contribute to their losses with wasteful investing and management renumeration and can't gain any purchase on US soil despite that being the saviour play for this company that once held major prominence as a world leading pot and hemp company.
Trashing their own investment screams ulterior motive that is only benefiting the new management who I believe have designs on total ownership and fock the existing shareholders.
The world potpreneurs are all suffering from Canopy's management play to tank Canopy and all of the rest, it seems.
I invested heavily in cannabinoid infused beverage companies because I can see a huge future for them to cannibalize low alcohol options in that category and I also see non psychoactive potential for the no alcohol class and non-psychoactive, pharma potential class.
Some of the majors that showed an interest have followed suit and back burnered this type of beverage sku although there are a ton of smaller ones making their way to shelves in the US and Canada.
Overall the trackers like the beverage potential of pot skus and they are gaining marketshare, just without any major players, including Constellation who should be leading the pack with their experience and access to finances.
Tilray seems to be positioning by securing craft beer companies that could easily be upgraded for the US market when the laws fall in to place.
Trump spoke about pot legalization in Florida and seems in favour of it. We'll see if it moves the needle for potpreneurs.
I still sense fear on behalf of those charged with legalizing in the US and the one State at a time movement could happen and destroy the huge greenrush potential for investors by lawmakers doing their jobs because of the Cartel stakes, which are way too high for them to push this through.
glta and dyodd