In 2019 December 3rd I had purchased 268.00 shares of Canopy Growth for $18.61 per share and 3,573.00 shares of Tilray for $5.58 per share. After almost 2 years shares of Canopy Growth cost right now $11.87 and share of Tilray cost $10.90. As you can see clearly buying Tilray was a better deal because shares are 86% up and shares of Canopy Growth are 37% down. Cannabis industry is very volatile and unpredictable. Couple of years ago a lot of investors were rushing in to the industry just to find out after couple of months that their initial investment was reduced by 50% or even 90% like in the case of investing in Aurora. Right now the initial hype is gone and a lot of investors are rushing out of industry in order to save what’s left of their initial investment. Within next couple of years we’ll see who is the winner in industry. Next couple of years will be crucial because USA, Germany and couple more countries are planing to legalize cannabises on federal level. At the same time we have Central American and Southern American countries eager to start sending their product to North America and Europe. They have a great advantage speaking about cost of labor and proper climate for growing cannabis. Very interesting times are coming for cannabis industry, stay tuned.
