After two days of a huge jump in the price, the share of the cannabis giant Tillrey dives about 30% in trading. Stock Tiller (symbol TLRY) Recently, Reddit’s investors’ radar and a large group of investors called for a bounce in the cannabis field, and began pouring huge sums into the industry’s stocks.
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In recent days shares in the cannabis industry that will restore its glory days from 2018. So cannabis stocks climbed in the face of the idea that Canada would be the first country in North America to approve recreational marijuana use. Tillery stock for example then peaked at $ 300. Since the peak in the price has not been restored.
Compared to 2018, 2021 is characterized by increases in the assumption that the U.S. is closer than ever to approve drug use for non-medical purposes.
“Ironically, young Americans are missing out on an opportunity to invest in American cannabis stocks that are better prepared for a change in the U.S. Constitution. This is all because those stocks are not included in the app and their investment is diverted to Canadian stocks.”
According to Qassem, preferred shares are Curaleaf Holdings Inc. And Harvest Health & Recreation Inc.
Need to write, Tillery is one of the most prominent companies in the cannabis industry. This week the company Tillery signed an initial supply agreement for the delivery of medical cannabis to a distributor in Germany. The goods to be exported will come from its new habitat in Portugal. The company also before entering the British market which is one of the largest in Europe for cannabis consumption (it goes well with beer).
The $ 3.3 million distribution deal is the first to be linked to the company’s operations outside Portugal. The deal is with Cannamedical, an importer of medical cannabis based in Cologne, Germany. Recall that Tillrey and Afria (NYSE: APHA) merged and became the largest cannabis company in the world.
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