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They were "EXPECTING" great things for Canada back in 2015... Lol
Legacy is a bitch.
Pumping is easy...
Germany is overgrowned!
You have to be “stoned” to buy this dilution machine……..
Germany is facing an energy crisis, without Russia they will have more things to worry about then buying crappy Canadian weed. Anyways
Read the news there is currently no Natural Gas being pumped to EU at this present moment.
German executive was here to buy Canadian natural gas not weed lol
*****Excellent read ! thanks for the link !
*****LOL ! Yet Tilray exports weed to Germany which will going legal soon -so who cares about Canada ? I dont ! Germany has a much larger population - WHOOPS ! That, plus the fact that Canada already has more cannabis cultivation capacity than it will ever need, puts Canada in a position to ramp exports.
ENUFF SAID !!!
Good read . Thanks !
Clean sheet to keep on growing/selling bunk weed... Lol
Rinse & repeat...
Doomed!
Good luck with that bunk weed in... Lol
Canada business leaders note ‘lost opportunity’ for cannabis in Trudeau-Scholz meeting
author profile pictureBy Matt Lamers, International Editor
September 1, 2022 - Updated September 1, 2022
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Image of Canadian Prime Minister Justin Trudeau and German Chancellor Olaf Scholz greeting two other Canadian officials
Prime Minister Justin Trudeau and other Canadian officials, left, greet German Chancellor Olaf Scholz, right. (Photo by Adam Scotti)
Olaf Scholz’s recent trip to Canada is raising eyebrows among Canadian business executives over what wasn’t discussed during talks between the German chancellor and his Canadian counterpart, Prime Minister Justin Trudeau.
Cannabis and mainstream business leaders said Canada missed an opportunity last week to highlight its regulated cannabis industry and promote international trade when Scholz visited the only large country in the world to have legalized marijuana.
Germany announced its intention earlier last year to regulate the distribution and sale of recreational cannabis and, this summer, kicked off the preparatory phase. A draft law is expected to be published this year.
Industry officials said the circumstances created a unique opportunity for the Canadian prime minister to back the multibillion-dollar industry, which has struggled to tap into international markets.
But a spokesperson for the Office of the Prime Minister confirmed cannabis was not discussed between the German leader and Trudeau during Scholz’s trip last week.
“It didn’t come up? Shocking. It’s shocking,” George Smitherman, CEO of the Cannabis Council of Canada, which represents dozens of businesses, said in an interview with MJBizDaily.
“Canada has a chance to align with Germany, and we’re not advancing that? That’s crazy,” added Smitherman, a former deputy premier for Ontario who also was the province’s energy and infrastructure minister.
Smitherman said opportunity abounds between Canadian and German cannabis businesses.
Germany is suffering through an energy crisis because of the war in Ukraine, and cannabis cultivation can be incredibly energy intensive, he said.
That, plus the fact that Canada already has more cannabis cultivation capacity than it will ever need, puts Canada in a position to ramp exports.
Canada has so much excess cannabis, it has destroyed more than 1 billion grams since 2018, and inventories are still overflowing. (That cannabis is thought to mostly be unsellable, but the production capacity remains in place.)
“You might have thought that the combination of these two, the symmetry if you will, the rationale for having Canada and Germany collaborating could be an extension of the energy cooperation,” Smitherman said.
“I’m a former energy minister. I was looking at it from that standpoint.”
Canada is already Germany’s top supplier of medical cannabis, and business leaders say that could easily be expanded.
Canada’s Chamber of Commerce said the country missed an opportunity to promote the legal sector internationally.
“As the first G-7 economy to legalize recreational cannabis, Canada has a narrow first-mover advantage and should promote the legal sector internationally,” the business group said in a statement to MJBizDaily.
“Although cannabis was not on the agenda for German Chancellor Scholz’s short visit to Canada earlier this month, the Canadian Chamber’s National Cannabis Working Group believes Canada should actively work towards securing future meetings with countries like Germany to share industry best practices and to facilitate business opportunities, including the export of medicinal cannabis.”
Canada is top supplier of poor quality cannabis.
Canada was the top supplier of medical cannabis flower and extracts to Germany last year, according to data provided by Germany’s Federal Institute for Drugs and Medical Devices (BfarM).
In 2021, Germany imported 6,493 kilograms (14,315 pounds) of cannabis from Canada, or 31% of its medical and scientific marijuana imports.
Denmark was the next closest, with 3,726 kilograms, or 18% of the total amount imported.
Business leaders estimate the opportunity to be in the hundreds of millions of dollars.
Germany is expected to overtake Canada as the largest federally regulated medical marijuana market in the world in 2022.
Economic driver
Despite massive losses at a small number of producers, cannabis has been a driver of economic growth in Canada.
The industry has added roughly 43.5 billion Canadian dollars ($37 billion) to the country’s economy and sustained 151,000 jobs since legalization in 2018, according to a report by accounting firm Deloitte.
Industry leaders have said the Canadian government could be doing more to help struggling cannabis producers make inroads into foreign markets.
“That the (Prime Minister’s Office) confirmed that is really kind of a smoking gun for just how leadership attention and interest in Ottawa has diminished over their own prized initiative,” Smitherman said of the absence of cannabis as a topic in the Scholz-Trudeau discussions.
“If I was prime minister, and I was meeting with the German Chancellor, I might actually be saying, ‘You know, chancellor, us two leading G7 nations, the legalizers of cannabis, we have a chance to be the foundation for countries in favor of a $100 billion industry that’s emerging, what can we do strategically to align that? For instance, could Canada offer Germany supply arrangements?'”
Smitherman said the federal government’s “neglectful leadership model” is being replicated in several provinces and “is an extraordinary threat to the public health goals and to the livelihoods of many Canadians.”
‘Incredible lost opportunity’
Nathan Mison, CEO of Alberta-based Diplomat Consulting, called Scholz’s visit an “incredible lost opportunity.”
He said a majority of Canadians want the cannabis sector to be promoted as an economic opportunity, citing data from Ontario-headquartered pollster Abacus Data.
Mison, co-chair of the National Cannabis Working Group for the Canadian Chamber of Commerce, believes the federal government should treat the cannabis industry like it does mining.
“When we’re looking for positive opportunities for our cannabis sector, what an incredible opportunity to treat cannabis sector regulation the same way we exported Canadian mining rules around the world,” he said.
Mison said 55 countries are weighing cannabis regulation, and it’s in Canada’s best economic interest to be involved in that process, where possible.
“We should be looking to trade opportunities for Canadian businesses to understand how to operate in emerging jurisdictions.”
*****WHOOPS !!! It’s different than a straight acquisition of a company, as the deal forms a joint venture. Here, they will create shared services for both companies. This will create combined savings of about US$80 million over two years, according to a statement by Tilray stock.
Meanwhile, despite no proceeds, Hexo can start fresh with positive cash flow over the next year. That allowed Hexo stock to create a $180 million backstop towards its growth strategy. This was put on pause until the company could reduce its debt, which is now out of the way.
Germany, Luxembourg, Malta And The Netherlands Recently Discuss Marijuana Legalization At Historic Joint Meeting
https://www.marijuanamoment.net/germany-luxembourg-malta-and-the-netherlands-discuss-marijuana-legalization-at-historic-joint-meeting/ $TLRY
“18 million per year HEXO pays Tilray , actually it was Tilray to the rescue !!! “
ROFLMFAO
Tilray to the rescue……..now that is funny,
https://investorplace.com/2022/05/hexo-stock-faces-significant-dilution-and-confusion-on-if-it-can-survive/
HUGE FAILURE
How long has the equity market been selling off, 1 month, 2 months, 3 months, 4 months……..
I'm sure it has nothing to do with the equity market sell off
Yeah a pps that is in the 3’s and seemingly struggles to get to and hold 4.
Sure, until HEXO goes BK. What a dumb move by Simon.
*****18 million per year HEXO pays Tilray , actually it was Tilray to the rescue !!!
ENOUGH SAID !
You can dismiss it as hype but smart investors know what 20% of the world's biggest cannabis market will yield.
Tilray already owns 20% of the German market so the Germans obviously like it.
LMFAOOOOOOO
HEXO……….ROFLMFAO
https://investorplace.com/2022/05/hexo-stock-faces-significant-dilution-and-confusion-on-if-it-can-survive/
HEXO to the rescue…………lol
“ It's also impressive that Tilray owns 20% of what will soon be the world's biggest cannabis market (bigger than California).”
Yep and the pps is blazing in the 3’s. Like I said, investors aren’t buying the hype.
The Ontario Cannabis Store, the monopoly wholesaler of adult-use marijuana in Canada’s most valuable market, suspended deliveries to stores after a cyberattack on the parent company of contractor Domain Logistics, which operates the OCS distribution center.
The attack occurred “late on Friday August 5,” according to an email the OCS sent Monday night to Ontario retailers. The email was obtained by MJBizDaily.
Citing “an abundance of caution,” the OCS said it decided “to shut down Domain Logistics’ operations until a full forensic investigation could be completed.”
OCS said it would still take orders during its daily order window, “as this will allow us to have orders ready to fulfill once the system is back online.”
The email also noted that:
A scheduled launch of new cannabis products will be delayed as a result of the delivery shutdown.
The OCS will waive delivery fees through Sept. 30 as well as the processing fee “for one emergency order per store between September 1 and March 31, 2023.”
It is unclear when deliveries will resume, although a media update posted on the OCS website said all “orders this week will be delayed by at least 24 hours.”
The wholesaler added that there is “currently no indication that OCS systems or its customers’ information was targeted or in any way compromised as a result of this incident.”
Earlier this year, the OCS suffered from a major breach of its client retailers’ sensitive business data.
The OCS said the data, which included sales figures for individual retail locations, was “misappropriated” and that a criminal investigation was underway.
Stephen Verbeek, president and CEO of Ontario retailer Hello Cannabis, is concerned that data may have been exposed in the cyberattack against the OCS delivery contractor.
As for the delivery delay, Verbeek said some Ontario stores carry more than a week’s worth of cannabis.
But others may need their weekly order to avoid “almost bare shelves” and unhappy customers.
“That’s happened to us once or twice before, with many other instances where deliveries were delayed, or delivery dates were changed.”
Ontario retailers react
The delivery delays caused by the cyberattack on the parent company of Domain Logistics could have serious fallout for some cannabis stores in Ontario’s competitive market.
“We don’t know how long this is going to last,” said Lisa Bigioni, co-founder of Stok’d Cannabis, which has two locations in the Scarborough area of Toronto and one in Niagara Falls.
Bigioni said her stores “essentially order enough product to get us through the week with some buffer, of course, before we can order more.”
With new products scheduled to come out this week, Bigioni said, she had been trying to sell out of older products to make space.
“For any retailers that have been doing that,” she said, “we’re now challenged because we were actively trying to reduce inventory before bringing in new stuff.”
For now, Bigioni said she’s trying to transfer inventory between her stores to cover the gap.
Meanwhile, she’s concerned that the grand opening of a new Stok’d franchise in Scarborough this weekend might have to be rescheduled.
Bigioni called for better communication from the OCS to the stores it supplies and questioned why retailers didn’t hear about the Friday cyberattack until late Monday.
Mark Phillips, owner of two Island Smoke cannabis stores in Trenton and Hamilton, Ontario, told MJBizDaily he didn’t expect much of an impact from the delivery delay in the short term because his stores stock more than one week of inventory.
“But if the deliveries are delayed for any real long, extended period of time, yes, it’s going to have a negative impact on business,” he said.
For his part, Phillips believes he has received sufficient information from the wholesaler.
“From what I can see, they’re dealing with it as best they can – this kind of thing, it’s not exclusive to them,” Phillips said.
“Every single company in the world is vulnerable with cyberattacks.”
Phillips added that he rarely has issues with the OCS.
“They get us our product in a timely manner, for the most part,” he said.
“When there are delays, they’re few and far between, compared to other industries that I’m involved in where delays are tremendous and ongoing all the time,” he continued, adding that the OCS always offers compensation for delivery problems.
OCS told to improve delivery oversight
A late 2021 report from the Office of the Auditor General of Ontario recommended the government-owned cannabis wholesaler should improve its oversight of Domain Logistics, and the OCS said it would work to do so.
Domain Logistics’ contract with the OCS was worth roughly 70 million Canadian dollars ($54.4 million) as of March 2021, according to the auditor’s report.
Ontario’s legal adult-use cannabis market was worth CA$151.6 million in May.
The province has issued more than 1,600 cannabis store licenses to date, amid worries that some stores will have to close in the face of intense competition in some areas.
Have you tried their products ?
I have , it’s harsh and no effect.
Nuff said
Canna World
@CannaWorld4
·
1h
To the people who complain about the black market stealing their market share... How can you lose something that was never yours to begin with? It's you who wanted, not a piece, but that whole pie, not the other way around. And, it's entirely your fault that you didn't get it.
You are Doomed!
Next Q will be a dusy... Lol
Good luck selling that Tilray,s crap in Germany.
*****Tilray's huge HEXO interest -- HEXO to Produce Mike Tyson’s New Cannabis Brand, TYSON 2.0, in Canada
https://finance.yahoo.com/news/hexo-produce-mike-tyson-cannabis-110000722.html
ENOUGH SAID !
Ja, Deutschland hat schone madchen.
It is impressive that the price has held up in the high 3s in the middle of this downturn. It's also impressive that Tilray owns 20% of what will soon be the world's biggest cannabis market (bigger than California). That's a fact, not hype. Spreken ze Deutsch?
Legalization coming sooner than you think. BANK ON IT!!!
https://www.yahoo.com/news/john-fettermans-campaign-says-hell-191036804.html
*****YUP ! very impressive quote! and yet TLRY was struggling to hold 3 bucks now its 4 !!! hummm
Tilray has its problems, no question. Its stock price should be in the high 2s or low 3s. However, smart investors look ahead not behind. I'm not talking about US reform, I'm talking about European legalization starting with Germany at the end of this year. Some might be pessimistic about it happening but unlike he US, Germany does what it says it will do.
Forget Canada, Germany alone has twice the population and twice the users as Canada. 29% of Germans use cannabis. That's a huge market and Tilray owns 20% of it!
*****LOL !!! Pot producer Tilray to buy rival Hexo's remaining debt of $193 mln
Quote:
Hexo will pay Tilray an annual fee of $18 million for advisory services related to cultivation, operations, and production, the company said on Tuesday.
Quote:
Once Tilray takes over the debt, Hexo will pay Tilray 5% annual interest on said debt (so about $9.6 million), and also pay Tilray $18 million annually for "advisory services" (so about $27.6 million annually in total). Tilray notes that this makes the deal "immediately accretive" to Tilray's profits.
HEXO Enters Into Definitive Agreement With Tilray Brands to Create a Strategic Alliance Between Two Canadian Cannabis Leaders
Quote:
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated May 11, 2021 to its short form base shelf prospectus dated May 7, 2021 and amended and restated on May 25, 2021.
New debt financing arrangement will accelerate HEXO’s transformation into a cash flow positive business within the next four quarters
HEXO and Tilray Brands to target combined cost-savings of up to U.S.$80M within 24 months to be realized from shared support services, commercial alliances and production efficiencies
ANYTHING IN THE MID 2 DOLLAR RANGE I WILL LOAD UP HUGE PERIOD
ENOUGH SAID
WOW, very impressive and yet TLRY struggles to get to and hold $4. It’s very obvious the investing community does not believe the hype.
Sorry Bonno, your doomsday scenarios don't add up. Tilray owns 20% of the German market. They are one of the top players. Who cares about overproduction, it happens in every industry. The produce industry wastes tons of product every day but it's an easily renewable product like cannabis. It can be regrown in little time.
No one wants to buy illegal cannabis laced with fentanyl. Legalization in Germany will be huge for Tilray, it's undeniable. Say it with me Bonno, "Achtung Baby"!
Tilray is DOOMED!
European cannabis market has been oversaturated for years...
I wrote that piece 2 years ago.
I,m in Berlin and cannabis is everywhere.
European countries fight for medical cannabis in an over saturated market
Bonno 11-08-2020
European countries are fighting to become the next hub of cannabis cultivation, as medical cannabis companies accidentally over saturate the European cannabis market.
A new Prohibition Partners report was released earlier this week, shedding some light on the woes of the European medical cannabis market. As investors eye the pot pie, large-scale cannabis operations have now launched in Denmark, Portugal, Spain, Macedonia, Greece and Malta.
Across Italy, the Czech Republic and Switzerland, smaller-scale cannabis operations are also making waves. The Czech Republic recently launched their own cannabis vending machines, while Sicily announced free medical cannabis.
In the next few years, Europe will be producing over 300 tonnes of cannabis annually – but there’s a catch.
This rapid expansion has provided more cannabis can Europe can actually use. Most of the grows ends up in the dump anaways.
While Europe faced many years of cannabis shortages and under supply, the continent is now overgrown with unsellable cannabis crop.
Legacy is doing a-Okay but. I guess folks prefer fire for cheap.
In August 2020, Prohibition Partners estimate that Europe’s fully licensed suppliers can collectively produce 34 tonnes of cannabis flower annually. Whether this is sold in flower form or in medicinal products, Europe produces three times its estimated demand for cannabis.
In response to this, investors are rescaling their projects and aiming to export cannabis overseas. Canadian cannabis producer Canopy Growth entered the European market under subsidiary Spectrum Therapeutics, investing approximately $76 million in facilities in Denmark.
Indoor cannabis is more common cultivation method
In the last quarter of 2019, Canopy Growth produced over 40 tonnes of cannabis, but only managed to sell 27.5% of their stock. Towards the end of the 2019/2020 financial year, Canopy Growth logged a quarterly loss of just over $1 billion.
Medical cannabis company Aurora Nordic Cannabis faced similar European sales. Despite producing 15 tonnes of cannabis annually, the company had a deficit of roughly $8 million in the 2018/2019 financial year.
In 2020, they have reduced their operating costs by $87 million by replacing their staff with robots and machines. Earlier this year, CEO Mads Pedersen told the Finans:
The European market for medical cannabis is getting tough. There are far too many producers, so it will be a tough elimination race.
Although exporting oversupplied cannabis flower to Australia and Israel would reduce Europe’s cannabis saturation, the demand for foreign cannabis is decreasing both here and in Israel. As our cannabis exporting laws changed in June, companies like BOD Australia are expanding into the European market. If a new bill legalising cannabis passes in Israel’s Knesset, their local supply of cannabis will fill their demand within five years.
Tilray has its problems, no question. Its stock price should be in the high 2s or low 3s. However, smart investors look ahead not behind. I'm not talking about US reform, I'm talking about European legalization starting with Germany at the end of this year. Some might be pessimistic about it happening but unlike he US, Germany does what it says it will do.
Forget Canada, Germany alone has twice the population and twice the users as Canada. 29% of Germans use cannabis. That's a huge market and Tilray owns 20% of it!
*****LOL !!! Pot producer Tilray to buy rival Hexo's remaining debt of $193 mln
Quote:
Hexo will pay Tilray an annual fee of $18 million for advisory services related to cultivation, operations, and production, the company said on Tuesday.
Quote:
Once Tilray takes over the debt, Hexo will pay Tilray 5% annual interest on said debt (so about $9.6 million), and also pay Tilray $18 million annually for "advisory services" (so about $27.6 million annually in total). Tilray notes that this makes the deal "immediately accretive" to Tilray's profits.
HEXO Enters Into Definitive Agreement With Tilray Brands to Create a Strategic Alliance Between Two Canadian Cannabis Leaders
Quote:
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated May 11, 2021 to its short form base shelf prospectus dated May 7, 2021 and amended and restated on May 25, 2021.
New debt financing arrangement will accelerate HEXO’s transformation into a cash flow positive business within the next four quarters
HEXO and Tilray Brands to target combined cost-savings of up to U.S.$80M within 24 months to be realized from shared support services, commercial alliances and production efficiencies
ANYTHING IN THE MID 2 DOLLAR RANGE I WILL LOAD UP HUGE PERIOD
ENOUGH SAID
I'm not denying dilution occurs. I'm just saying that it is a common tool used by many companies and it doesn't constitute fraud or corruption.
You’ll have to do your own DD I can’t do it for you
Dilution is common with companies. It isn't fraud or corruption.
It’s very clear at this point they are diluting millions of shares. Just recently they increased the authorized shares only to be able to dilute to stay in business
IMO
That's a little extreme. Are you saying the numbers they are reporting are fraudulent?
Cannabis creates mass eaters, not mass shooters.
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