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Alex Krüger 🇦🇷 @Crypto_Macro
, 5 tweets, 2 min read Read on Twitter
I am fascinated by the #cannabis industry. It offers massive growth potential and represents a standard against prehistoric regulations. However, prices of public companies make no sense. Latecomers will get butchered. Valuations are not justifiable.
Revenue numbers of these multi billion dollar cannabis companies make me think of the number of ethereum daily users.
I attempted to short $TLRY today. Close to the top, after $300. My first attempt to short cannabis. Trades would not go through due to unavailability of shares to borrow for short-selling. Tried various brokerage accounts and all. Price was at $170 a few minutes later.
Key aspects behind the Tilray/cannabis pump:

- news of permits and rumored partnerships.
- low float.
- IPO investors lockup period.
- few serious public companies to invest in.

That said the legalization in Canada of recreational marijuana is real.
Low float & the Infinite Squueze. $TLRY
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