20 September 2018, 06:09 AM
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#1217
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"TRF" Member
Join Date: Nov 2009
Location: SoCal
Posts: 1,906
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TLRY.
What a ride
Thx for posting.
Wish I bought more. Lol
Quote:
Originally Posted by Mosco
Of course, do your due diligence.
Tomorrow (July 19th, 2018) a first true cannabis play will IPO on a US exchange. Tilray (TLRY) will debut on Nasdaq, around $14-$16. Tilray is closely tied to Privateer Holdings, one of whose largest investors is none other than Peter Thiel’s (founder of PayPal) Founder’s Fund.
Here’s some reading info, this company is doing things right, and has already hit the ground running with several provincial contracts in Canada in addition to other revenue sources.
https://www.investors.com/news/marij...blic-offering/
https://www.tilray.com
https://www.tilray.ca
Personally (and by no means should you listen to me, again, do your own research), I will watch it closely. Don’t think I will be opening a position right away, as 1) weed IPO’s have experienced short term initial decline post-IPO (Green Tec, TGOD, etc) and 2) we are balls-deep into summer doldrums and most days my long portfolio looks like Carrie on prom night. There may be a better entry few days post-IPO, there may not. I will be on the sidelines ready to jump in on any kind of post-IPO-euphoria dip, should there be one.
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