Cronos Group Inc (CRON)

[venswam]

I do not understand that. What I understand what it means is that the global market is bigger than Canada, and that now the efforts of companies (specifically Tilray) will go through those markets. When Altria invested in Cronos it surely did it thinking of a global market, not only in Canada. Cronos is for the world, not only for Canada.

"Tilray Chief Executive Brendan Kennedy said demand from U.S. and European markets were “orders of magnitude larger” than from Canada and said he would focus his company’s ambitions on overseas markets."

“So while Canada will continue to be an important market for us, we expect to focus the majority of future investments on the U.S. and Europe,” Kennedy said in the company’s conference call late Monday. “We will not purchase or invest in what we believe to be overpriced . . . assets in Canada, which we believe will erode in value, medium-term to long-term, as the market normalizes.”

He is not an analyst, he is the CEO of Tilray. Is different.

From:

https://www.marketwatch.com/story/cannabis-stocks-climb-after-tilrays-earnings-as-new-jersey-moves-closer-to-legal-weed-2019-03-19?mod=mw_quote_news