Post by
TheGrandNegus on Nov 26, 2024 10:13am
FYI For those that don't know
This doesn't pertain to Tlray directly, but it does concern cannabis operators like them in the bigger picture of things to look or look out for.
If you were unfortunate enough to be a Arcreage equity holder and still held the stock, then you pretty much just lost everything. Under their agreement with Canopy, if their stock traded under a certain amount, which is about $4 i believe, then Canopy gets your shares for absolutely nothing and you're more or less done. With no recourse, ofcourse.
So how does this concern Tilray holders? Well, unless you happen to be an Acreage stockholder as well it doesn't really. But, it just shows how in bad a shape this sector is and there's absolutely no reprieve in sight. None at all for at least a few more years. These guys are all dropping like flies, one after the other, and they're fighting just simply to survive.
So much longer can guys like Tilray hang on before they have to make some drastic changes as well? Remember what i said about their "delicate" situation last week? Therefore buyer or holders beware!
I don't expect Tliray to fall like Acreage did, but i do expect them to do everthing possible to survive, even it means a total reset of the company in 2025 and current holders lose most of their investment here.