Post by
quinlash on Nov 06, 2024 4:43pm
Market Overreacted Today
To say "news moves the markets" may be of little comfort to cannabis investors today however IMHO what we seen was an overreaction, especially for shares in Tilray Brands.
Amendment 3 not passing in Florida has virtually nothing to do with Tilray as they were not making any move to enter Florida.
Election of Trump vs Harris may have come as a disappointment to many who were counting on Harris to Legalize but keep in mind, Harris has almost 4 years to do that and failed. We will now be seeing a more streamlined government with more opportunity to get things done in a timely manner. I would also remind folks that RFK Jr is pro cannabis and stated he would decriminalize cannabis.
I would encourage everyone to go on YouTube and see RFK's interviews where he discusses the topic as this is now the new path forward.
TDR also did a video today discussing cannabis under Trump with some good topics covered.
Hope this helps a few folks out there
Best Regards
Q
- Long on TLRY
Comment by
Oldweed on Nov 06, 2024 6:16pm
Sorry Quin, but you might as welk declare Tilray a #5 craft beer company, their MJ business is dead money. If your happy with Tilray as your alcohol sector choice, then good on ya, it' s model doesn't work in a small Canadian market. As for Europe, they are done with American companies. GLTA.