idtk8 8k8kt rzdhb 34hi5 8ekh5 hd6b4 tn7b3 6ab4k yf82r aneh3 9f6kr zzyr2 k9afa 4aa55 nk9ia nknyy by488 ftt59 fd8hi 99ia4 dndb3 Market made a mistake on Tilray; at least 30% upside |

Market made a mistake on Tilray; at least 30% upside

2021.11.29 09:14 one32th Market made a mistake on Tilray; at least 30% upside

Market made a mistake on Tilray; at least 30% upside Those who've been following the cannabis industry, knows that Tilray's recent trading performance has been underwhelming. In my opinion, the biggest hurdle to the company's trading performance is due to the Canadian adult recreational industry wide challenge along with covid-related retail headwinds. There's been struggles for the Canadian cannabis LPs to generate growth organically within the adult recreational segment. For example, while Tilray, market leader in Canadian adult recreational, generated 26% topline growth from $405 million in 2020 to $513 million in 2021, much of that topline growth is derived from acquisitions. In other words, Tilray's recent revenue growth were "bought" instead of generated organically as the market expands. Low growth within the segment along with some structural challenges and covid-related shut-downs further negatively impacted the industry's outlook and profitability, resulting in depressing trading performances.
As cannabis companies remain illegal in the United States at a federal level and debt capital raising are off the table as a result, Canadian cannabis LPs relies on equity issuance to fund acquisition opportunities to "grow" their toplines. Result of both stagnant growth and share dilution, Tilray traded down from $40 in February 2021 to $10 last close. Tilray's TTM EV/Sales declined from 40x to 10x. For a growth company within a quickly expanding market that's only 3 years old, 10x TTM sales EV is a good price in my opinion. What makes it even more attractive is that there's a catalyst that the market has dismissed and forgotten that will completely derail the stagnant market growth narrative for Tilray.
Germany's new coalition government has recently reached a deal that's set to legalize recreational cannabis use. As a result, German pot stocks popped last week on Frankfurt exchange. For example, German cannabis company Synbiotic rose by 33% to $29 Euro, which implies a $100mm market cap.
What the market has forgotten however is that Canadian cannabis LP Tilray is actually the market leader in the Germany's cannabis market. But the stock didn't move last week.
How do I know the market made a mistake instead of "everything has been priced in" narrative?
Easy. First, almost every German pot companies moved up last week. The fact that Tilray didn't change at all suggests that whoever was making market genuinely forgot that Tilray is a market leader in the German cannabis market.
Second, if we assume status quo on Tilray's 10x EV/Sales multiple, which is a very conservative assumption because we're completely dismissing the potential of a new, 3-days old, 83 million population addressable market. And if we proxy $90 million of additional revenue, which is another very conservative assumption as Tilray generated $90 million in revenue after Canada legalized their adult recreational cannabis market in 2018; Conservative because German population doubles of Canadian. With the conservative multiple assumption while holding other variables constant, just by adding the additional $90 million in revenue, we should expect Tilray trade up by at least 30%. The fact that it didn't trade up at the slightest suggests whoever was making market was sleeping in his office after he had his turkey.
Third, Tilray is production and distribution ready. Tilray operates two state-of-art facilities in Portugal and Germany with over 3 million square feet of production capacity. Tilray also owns and operates one of the largest market cap pharmaceutical company, CC Pharma, in Germany. Because of the company's production and distribution capacity, institutional support, larger balance sheet, domestic moms & pops cannabis producers in Germany aren't like to able to compete against Tilray in the immediate 24 months of legalization, allowing Tilray to secure market leadership. Again, this echoes with why assume only $90 million of revenue and 10x EV/Sales is a very conservative estimate.
Forth, there has been consistencies showing that the cannabis MTM is very inefficient. Most of you are aware that there were a squeeze with the Canadian cannabis LPs that took place in February. It was driven by Democrats winning the election, investors bet in favour that recreational cannabis use will be legalized in the U.S. It was similar to what's happening today; similar but different. What's similar is that both are political driven catalyst and market has gotten it completely wrong. Different was that last time Tilray were traded up for the wrong reason, Tilray has minimal operations in the United States, while they're already a market leader in the German cannabis market with operations and infrastructures that are unmatched by their competitors.
Thanks for reading, let me know if I got it wrong. Thanks.
https://preview.redd.it/anzmkhdj0j281.png?width=2136&format=png&auto=webp&s=ee83768bbf3b886cac1cf07f621d3000ca835383
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2021.11.29 09:14 EitherInvite 🔥 This 1 week old token has over $400,000 TVL in staking | 🚀 CEX in early Dec | 💥 2 Products launched | AMA with client 💪

With the recent launch of SUBX Finance Lab native token $SFX, the team has now shared some exciting updates and development to its token holders. Here are some of their exciting updates!

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SUBX Finance Lab has recently released two of their most-awaited product, Bounty and Swap App.

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https://swap.subx.finance

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SUBX Finance Lab has recently announced that their CEX listing is upcoming soon. $SFX will be listed first in Probit before expanding to other CEX.

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Website: https://subx.cc/reddit
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2021.11.29 09:14 ToddJustWorks Praise Todd Howard

Praise The Legendary Game Developer Todd Howard
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2021.11.29 09:14 daWerwoergel [Cazador Missile Launcher] I can't get it to run.

Hi there,
I have a bunch of other mods installed. I deactivated all mods and also reinstalled Cazadors but it won't work. Yes i have the newest Fallout 4 version. The config menu for leveled lists doesn't even show up.
Here's a list with the mods I have installed:
Start Me Up, Unofficial Fallout 4 Patch, Unofficial Fallout 4 Patch - German, Vivid Fallout - All in One, Weightless Junk, Diamond City Expansion, Bullet Counted Reload System, Immersive Drumlin Diner, Post-apocalyptic homemade weapons Replacer, Be Exceptional, LevelUpMenuEx, Better Goodneighbor, NAC X, Better Locational Damage, Mod Configuration Menu, Raider Overhaul, Armor and Weapons Keywords, Armorsmith Extended, HUDFramework, Pip-Boy Flashlight, Lootable Cars, Lootable Vault-Tec Containers, Flora FX Overhaul, See Through Scopes, Cazador Missle Laucher, Mk14 EBR, Steyr AUG A1, Glock 19X.

This is the 4th or 5th time i played with those + more mods and I never had a problem. Did I overlook something.
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2021.11.29 09:14 TheChamberPlaylist Rick Ross #short #shortsvideo #shortvideo #shorts #share #motivation #motivational #highlights #love

Rick Ross #short #shortsvideo #shortvideo #shorts #share #motivation #motivational #highlights #love submitted by TheChamberPlaylist to PositiveThinking [link] [comments]


2021.11.29 09:14 ToddJustWorks Praise Todd Howard

Praise The Legendary Game Developer Todd Howard
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2021.11.29 09:14 arielztrall Indicação empresa de tela

Pessoal, alguém tem indicação de empresa que trabalhe com instalação de tela/grade/chapa em portão? Preciso colocar no portão de carro depois que anotei uns gatinhos. Queria algo que não fosse como uma tela simples ou feio como uma tela de galinheiro. Alguma sugestão? Obrigada!
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2021.11.29 09:14 No-Promotion-2955 The globe at night

The globe at night submitted by No-Promotion-2955 to MapPorn [link] [comments]


2021.11.29 09:14 SuccMyStrangerThings Page is being rendered four times! Need help

I'm not new to reactjs as such but def not as pro like you guys.
I'm tryna build a pokedex (react and pure css) and I am almost halfway through. However, the Pokemon Component renders four times! That is no way acceptable.
I guess inefficient use of useEffect and/or the use of promise is causing this issue. Just a guess. Check out the Pokemon Component.
Here is the github link.
Any help is appreciated :)
Thanks.
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2021.11.29 09:14 dingshahaweisch Is this an original USM Haller? Please help me out.

Is this an original USM Haller? Please help me out. submitted by dingshahaweisch to furniture [link] [comments]


2021.11.29 09:14 Waldo9193 Asking for some help and insight?

Im running a 3080ti and an i7 10700. 16 gb 3200, on high settings im getting from 50 to 60fps. DLSS OFF and raytracing off. What could I do to get over that 60 fps mark.
Could it be my ultrawide monitor causing the problem aswell. 3840 x 1080.
Thanks for any help lads.
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2021.11.29 09:14 DavidoGwapo Toothless!

Toothless! submitted by DavidoGwapo to ReditMemes [link] [comments]


2021.11.29 09:14 warmerthansun Got no more productive work so here I am... (made by @deniisuuu in instagram)

Got no more productive work so here I am... (made by @deniisuuu in instagram) submitted by warmerthansun to MobileLegendsGame [link] [comments]


2021.11.29 09:14 abbEeeyx Cresselia Raid- 9358 7712 1068 and 8971 3080 2355 both adding 5 :)

Cresselia Raid- 9358 7712 1068 and 8971 3080 2355 both adding 5 :) submitted by abbEeeyx to PokemonGoRaids [link] [comments]


2021.11.29 09:14 stevegian12345 I drew a jjk0 poster, hope you like it! (swipe for the old one)

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2021.11.29 09:14 ToddJustWorks Praise Todd Howard

Praise The Legendary Game Developer Todd Howard
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2021.11.29 09:14 Solfaroiy ⚡ Wanamoon BSC Token | ⚡ Launching Now on BSC | ownership renounced | $40k Jackpot Draw Today | Unique Tokenomics | Active Community in Telegram | Don't Miss This x100 Potential Gem



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WANAMOON is a new token that rewards holders and new buyers with the opportunity to be entered in to a weekly JACKPOT draws! 50% of the jackpot goes to one holder paid in BUSD. The other 50% will be used to buy one of the hottest meme token of the week and distributed proportionately to qualified holders. You goto be in it to win it! Initially launching on BSC Blockchain, Wana Moon will then rapidly expand to other blockchains including ETH very soon!

Contract Address: 0x460042aF78f77f44A39c2b0378A35D95fEb9FD7C

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Contract Address: 0x460042aF78f77f44A39c2b0378A35D95fEb9FD7C
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2021.11.29 09:14 AutoNewspaperAdmin [ZA] - Speak out, get help on depression: Experts weigh in on spike in suicides brought on by lockdown, Covid-19 | IOL

[ZA] - Speak out, get help on depression: Experts weigh in on spike in suicides brought on by lockdown, Covid-19 | IOL submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]


2021.11.29 09:14 ToddJustWorks Praise Todd Howard

Praise The Legendary Game Developer Todd Howard
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2021.11.29 09:14 ADcommunication What are the key aspects of Fascism that separate it from its bastardised counterpart?

I want a guide of public opinion from self identified fascists before reading the source material.
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2021.11.29 09:14 Harithapp Most beautiful thing is Sunshine

Most beautiful thing is Sunshine submitted by Harithapp to NatureIsFuckingLit [link] [comments]


2021.11.29 09:14 Naturalfatlossguide How An Overweight Mother Lost Her 44 Lbs Of Stubborn Belly Fat With This Amazing This Secret 5-Seconds Tropical Fat Dissolving Loophole..

How An Overweight Mother Lost Her 44 Lbs Of Stubborn Belly Fat With This Amazing This Secret 5-Seconds Tropical Fat Dissolving Loophole.. submitted by Naturalfatlossguide to WeightLossSupport [link] [comments]


2021.11.29 09:14 ToddJustWorks Praise Todd Howard

Praise The Legendary Game Developer Todd Howard
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2021.11.29 09:14 CakelessToure WTS San Martin Captain Willard £120 UK/EU

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2021.11.29 09:14 AutoNewspaperAdmin [Politics] - No need to panic over Omicron, rather vaccinate and stay safe, says DOH | IOL

[Politics] - No need to panic over Omicron, rather vaccinate and stay safe, says DOH | IOL submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]


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