Pot Pusher Pivots To Booze (TLRY)

Although U.S. headquartered, Tilray peddles product in Canada where the purveyors have lost a combined $100 billion in market capitalization. TLRY itself is down some 99% from the 2018 glory days:

BigCharts

$2.78 last I saw.

From MarketWatch, January 9:

Tilray’s alcohol business grows on acquisitions as cannabis faces price compression 

Tilray posts a loss but company remains bullish on drinks business after acquiring Montauk Brewing Co. 

Tilray Brands Inc. CEO Irwin Simon is keeping an eye out for more acquisitions on both sides of the Canadian border as the company looks past its second-quarter loss toward growth potential in the alcohol business in the U.S. and the adult use cannabis in the Great White North.

Tilray closed its acquisition of New York-based Montauk Brewing Co. in the U.S. during its fiscal second quarter ended Nov. 30. The company already owns SweetWater Brewing Co., the 10th largest craft brewer in the U.S.; Breckenridge Distillery; and Manitoba Harvest, a specialist in hemp, CBD and wellness products.

Tilray is not expecting U.S. legalization of cannabis on a federal level in the near future, so it sees opportunities to grow its business through the alcohol business.

“We’re not sitting back and waiting for the government to legalize,” Simon told MarketWatch....

....MUCH MORE

We have a rather jaundiced view of the business:

"Insatiable Demand for Cannabis Has Created a Massive Carbon Footprint"
By-your-leave, we'll put on a little mood music (the long intro version) and reprise some of our posts after the jump.

Standing on the corner,

Suitcase in my hand

Jack is in his corset, and Jane is her vest,

And me I'm in a rock'n'roll band Hah!

Ridin' in a Stutz Bear Cat, Jim

You know, those were different times!

Oh, all the poets they studied rules of verse

And those ladies, they rolled their eyes

Sweet Jane! Whoa! Sweet Jane, oh-oh-a! Sweet Jane!

I'll tell you something

Jack, he is a banker

And Jane, she is a clerk

Both of them save their monies, ha

And when, when they come home from work

Oh, Sittin' down by the fire, oh!

The radio does play

The classical music there, Jim

"The March of the Wooden Soldiers"

All you protest kids

You can hear Jack say, get ready, ah

Sweet Jane! Come on baby! Sweet Jane! Oh-oh-a! Sweet Jane!

Some people, they like to go out dancing

And other peoples, they have to work, Just watch me now! ...

May 2019
The Marijuana Industry’s Dirty Little Secret
January 2019
"ESG My Ass: The Massive Energy Footprint of the #Cannabis Industry"
December 2015
""Marijuana growers in the US are using $6 billion a year in electricity"
October 2007
"6% of all power produced by BC Hydro is used to grow marijuana."

And:

• New York City's Economic Recovery Plan: Gambling and Weed
• "The Weed Funding Bubble"
• Junior Gold Miners Consider Cashing Out, Pursuing Medicinal Marijuana Opportunities
• "Peter Thiel's Founders Fund becomes first institutional investor in marijuana"
• Frontrun the Dopers: "These 4 States Will Reform Their Marijuana Laws in 2013"
• "Is Monsanto Ready to Enter The Medical Marijuana War?" (MON)
• In the Wake of Colorado and Washington State Legalization, Time to Think About Pot-enomics
• Here Comes Crop Insurance For Your Dope
• The Audacity of Dope: "Oakland ready to approve four marijuana factories"
• 6% of all power produced by BC Hydro is used to grow marijuana.
• If Farm Investing Conference Agenda Is Any Indication, Marijuana Prices Are Going to Zero
• Bread and Circuses: Chicago City Council Votes to Decriminalize Marijuana, 43-2
• "The Coming Age of Corporate Cannabis"
• "Hedge Fund Managers Smoking Out Opportunities In Emerging Market Of Legalized Weed "
• As soon as one 'Uber for weed' startup gets cut down, another grows in its place
• "The Geography of Pot Prices"
• The Marijuana/Solar/Wine Connection
• Attention Homeless Dopers: New Berkeley Ordinance Requires Dispensaries to Hand Out Freebies
  
• Considering the co-morbidity of schizophrenia and pot use, and schizophrenia and homelessness, this is probably a good idea. For Berkeley.

And many more. Use the search blog box if interested.