I think Simple Simon and Tilray have come to the realization that many of us have been stating for a long time.
Simpke Simon says they're a cpg now?
The Canadian cannabis sector is dead money - the Tikray/Hexo combined market share was 33% just a couple of years ago, it's now under 10% combined.
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Germany and international cannabis sales are a disapointment and years away
US entry is not guaranteed even with legalization - which may be years away IF EVER, it's not needed with rescheduling and SAFER which do not benefit Tilray whatsoever. Medical cannabis to the US? It's alter reality to think they'd take any market share away from the US MSOs.
SO - recognizing this, Simon decided to get into alcohol BUT even if diversification is a good idea, entering a dead craft beer business after the fad was over is typical incompetence.
Simon's strategy of growth by acquisition failed when he was ruining Hain international, they finally booted him after he collected a bunch of discombobulated failing businesses that were impossible to integrate, synergies never materialized and costs were out of control.
Sound familiar?
Post by
Vinny57on Oct 10, 2024 7:52pm 
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Post# 36261941
BNN Interview
What was with the shifty eyes? The greasy hair was standard, along with with the usual "listen" in the first 5 seconds. Andrew even said to Simon that Tilray is more of a craft beer company than a cannabis company. Simon"s reply, "Tilray is a consumer packaging company". (At this point, I don't think he even knows).
Simple also said that revenue is up over last year. What he failed to mention is that revenue is DOWN 13% over last quarter!!!
Money is running out. Get ready for another dilution. He will need it to buy yet another beer company to try get his revenue numbers higher.
Who do you think you're foolin' Mr. Simple?