Post by
quinlash on Feb 18, 2024 7:44pm
TLRY getting closer to $$$
I will admit that the road to profitability has taken longer than expected however many (I am sure) had expected to US to legalize by now, Germany was also expected in late 2023 but is now only getting the job done
Germany opening up and companies like Tilray already being positioned to sell there will do the company, as well as the sector well.
The US will legalize eventually simply based on the fact that the vast majority of the US states have already done so
Other companies supplying to Germany include Canopy Growth and Aurora Cannabis. There are more as well and a quick Google search can bring those up.
The nice thing with Tilray is their expanding Alcohol products and the additional revenue that brings in.
If you dislike the sector or the stock then move along to something you find more interesting.
I am very content holding this one.
Best Regards
Comment by
TheNewOldtimer on Feb 18, 2024 8:21pm
Well said Q, the expanding Beverage part of the business is like a trump card while we wait for increased profitability from MJ Medical and US legalization, I am comfortable waiting it out long term.
Comment by
quinlash on Feb 18, 2024 8:28pm
Personally I believe if it wasn't for the pandemic we would already be a year or two into US legalization. COVID diverted the governments attention away from the matter and, as a result, we seen many lose interest or time out. Things are moving again, albeit slowly, the sector will light up again once major news comes out Jmho
Comment by
slottygoddy on Feb 19, 2024 8:58am
Incorrect. The Democrats had control of the house and senate and chose not to push legalization or even allowing MSO's to obtain proper banking services. How in the world would they have legalized weed if that can't event take care of the plumbing?