Profile picture
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
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Alex Krüger 🇦🇷
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!