" I see no reason why ACB cannot have the same valuation as Tilray and cgc as being all Canadian based companies. "
A simple look at the numbers tells the story.
Tilray 2021 revenue was 209% of ACB's. CGC 2021 revenue was 223% of ACB's.
Tilray's 2021 revenue was a 27% GROWTH over their 2020 revenue. CGC's 2021 revenue was a 37% GROWTH over their 2020 revenue. ACB's 2021 revenue was a 8.7% DECLINEover their 2020 revenue.
Revenue growth vs revenue decline. ACB's less revenue for less margin strategy isn't working right now. Maybe next quarter, next year.