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TLRY - Tilray Inc

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by StockJock-e, Jul 28, 2020.

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  1. StockJock-e

    StockJock-e Brew Master
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    Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products to patients, physicians, pharmacies, governments, and hospitals; and for researchers for commercial purposes, and compassionate access and clinical research applications. It operates in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, the United Kingdom, the United States, and South Africa. The company was incorporated in 2018 and is headquartered in Nanaimo, Canada.

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    TomB16 likes this.
  2. StockJock-e

    StockJock-e Brew Master
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    +10% but Im not seeing any news driving this
     
  3. emmett kelly

    emmett kelly Well-Known Member

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    a musical accompaniment to go with the news. crank it up!

    -----------------------

    Here's Why Cannabis Stocks Are Getting A Boost
    3:45 pm ET July 28, 2020 (Benzinga) Print

    Several cannabis companies such as Canopy Growth Corp. (NYSE: CGC), Tilray Inc. (NASDAQ: TLRY) and Aurora Cannabis Inc. (NYSE: ACB) kicked off the week with an uptick in their respective stock prices.

    Alan Brochstein, founder of 420 Investor and New Cannabis Ventures, says there are "two factors" that led to this, citing Aphria Inc. (NASDAQ: APHA).

    Aphria Earnings: "First, Aphria rallied yesterday ahead of tomorrow's report," he said. "I pointed this to perhaps shifting sentiment."

    Canada-based Aphria is expected to show improved profitability in its fourth-quarter earnings report, which will be released on Wednesday.

    Aphria shares traded higher by 9.2% on Monday and remains Cantor Fitzgerald's "top pick" among Canadian LPs.

    MSO Breakouts: "Second, there is a lot of interest being generated by technical breakouts in the U.S. by MSOs (multi-state operators)," Brochstein said.

    The share prices of Green Thumb Industries Inc. (OTCMKTS:GTBIF), Trulieve Cannabis Corp. (OTCMKTS:TCNNF) and Curaleaf Holdings Inc. (OTCMKTS:CURLF) also spiked.

    "GTI, Trulieve and Curaleaf have all posted 52-week highs, while Cresco has moved to a new high since before the March sell-off."

    Chicago-based Cresco Labs reached a high of $5.12 per share on Tuesday. GTI reached a 52-week high of $13.67 while Trulieve reached $16.75.

    Curaleaf's 52-week high was $8.50 on Tuesday afternoon.

    The U.S. cannabis market is expected to grow from $12 billion in 2019 to $31 billion by 2024, according to analysts. The Canadian cannabis market will likely expand from $1.6 billion in 2019 to $6.2 billion by 2024.

    © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
     
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  4. TomB16

    TomB16 Well-Known Member

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    I've resisted the urge to hot box my portfolio with cannabis stocks but this does seem to be the way the world is going.

    I doubt we'll see anything like the returns tobacco companies made for the last century, due to regulation and taxation, but it's an addicting product so should produce a reliable profit like the colas, tobacco, video games, etc.
     
  5. emmett kelly

    emmett kelly Well-Known Member

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    lest ye think i missed the hot box reference, no i did not. you must've burned a few back in the day.
     

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