RE:Tememb r when Hexo paidHEXO acquired Redcan back in May of 2021. Much of the justification was further sales potential within the US as the Biden / Harris Administration has promised to progress Cannabis Legalization. Many cannabis companies set plans on these commitments and many investors took up Long positions, also by trusting these statements.
There were numerous articles discussing sales figures, last and future for Redcan and these too ended up to be incorrect. I will admit I was caught by some of those myself.
Beer sales are perfectly legal in the US and Tilray has been doing well with their prior 8 breweries they picked up. I would have to think they wouldn't be doing this again if they didn't see it as a good move for investors.
My view is based on the prior QTR report that is in their website.
www.tilray.com