mention - in every post - that Tilrays institutional investment was around 23%?
Today - it sits at 10% as institutions move their money to US MSOs - and most aren't even allowed to own stocks under $5.
I institutional ownership in MSOs is also low - but that's because with cannabis illegal in the US - most can't take the legal risk of investing in them.
Tilrsy is just a penny meme stock - and unattractive to institutional investment.
When Tilray does its share consolidation- its share price will increase and make it more attractive - however, with retail investors accounting for 80% ownership, that will drop off as retail investors are less likely to hold or buy higher cost shares.
As well - when a penny stock like this lray has to do a consolidation because of its contnually falling share price - it's a big red flag - and after the consolidation, the share price decrease continues - check ACB and Weed.
Do - the point is, don't trust Quinkash who, as a paid promoter, posts misleading, incorrect and outright false positive statements about Tilray.
You should consider US MSOs if you want to invest in cannabis stocks - not penny meme stocks stuck in dead money Canada, waiting for Germany and Lichtenstein
Comment by
DuDliedingleon Sep 13, 2024 8:48pm 
14 Views
Post# 36223402
RE:7:1 share consolidation
Well, don't want to be a penny stock on the NASDAQ if you want to attract institutional investors. 80% retail investors may be a low estimate.