*****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!
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?