RE:RE:RE:Just thinking out loudFolks have all kinds of reasons for buying. Yes RFK being pro cannabis and soon to take over the FDA can certainly be one however there are others;
The QTR report trend in fundamentals is strong, despite what the SP trend was in 2024.
The 2025 Q2 report is nearing so this one could finally be the one where most of the markets wakes up and realizes this.
Tilray already disclosed a pending acquisition deal. The QTR report may be followed up with an additional press release regarding that deal.
Cannabis legalization at the federal level in the US is being pushed harder if late. That may produce positives for the sector in the mid-term if progress is reported.
Some traders are literally under contract to buy, those are the ones holding short positions and they have to buy regardless if the price is lower than their short or higher. If they don't their brokers eventually do the trade for them and send them the bill for the shares.
That's what comes to mind, do some digging around on www.tilray.com and go through all their press releases, maybe you'll find other developments that can explain it.
Q
- Long on TLRY