TLRY MOON SEASON STARTS JAN 1ST.
$Tilray Brands(TLRY.US$ Tilray has historically dumped in December and pumped in January, but ofcourse most of you won’t buy now and will FOMO in at 300%.
Part of the reason for this dump are tax losses and it’s also why if you look at the last 4 years, it made significant gains in January.
Some quick facts:
The company is prepped to hit nearly 1B in revenue (4B forecasted for 2024). With a current 3.45B market cap, this alone is the first sign of it being clearly undervalued.
Tilray is the largest cannabis company in the world. As the weed market grows (and rivals alcohol), so does tilray. if you look at the top 20 alcohol companies globally by market cap, the last spot on that list is 2x TLRY market cap. (Massive room for growth)
Several alcohol companies acquired that bring in revenue right now as they wait for legalization
-Massive player in Germany, who is on the cusp of legalization. It’s about to take advantage of a weed market that’s over 100B.
Don’t wait till legalization is announced before you buy in, that’s when the ship is already gone.
Not financial advice.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Quentrell : I do subscribe to the school of thought that a significant amount of selling later in the year was due to “tax loss harvesting”. And that the higher quality stocks that were oversold will be bought back starting next week. Also known as the “January effect”
Will it though for TLRY? That I don’t know. But for many retail popular stocks that were beaten down - yes for sure.
Nalini : I’d stick with companies that make money going into 2022. TLRY could easily be cut in half from here.
Kevin Tan82 : I believe 7 is the bottom here. Its already broken out the channel