Tilray CEO Sees Canada Profit in the 'Next Quarter or Two'

The transcript discusses a company's milestone in obtaining a production license in Portugal, enabling exports within the EU. It highlights cost benefits of manufacturing in Portugal, such as lower shipping and labor costs. The company plans to expand its market presence in Europe and address concerns about its share price and profitability. The CEO emphasizes a long-term growth strategy, expecting increased revenues and profit margins as more countries legalize cannabis.

What significant milestone did the company achieve in Portugal?

• First to cultivate cannabis in Canada

• First to export to the US

• First licensed producer outside of Canada

• First licensed producer in Canada

Why is manufacturing in Portugal more cost-effective for the company?

• Better weather conditions

• Tariff-free access to the European market

• Both B and C

• Higher labor costs

What is the CEO's perspective on the company's share price pressure?

• He is concerned about immediate profits

• He believes in long-term growth

• He plans to sell his shares

• He blames market conditions

How many countries have legalized medical cannabis according to the CEO?

• 41

• 80

• 13

• 2

What is the company's strategy for achieving profitability?

• Reducing employee count

• Achieving profitability in individual countries

• Increasing product prices

• Focusing on global profits

In which regions does the company expect to be profitable soon?

• South America and Australia

• Canada and parts of Europe

• Asia and Africa

• Middle East and North America

What advantage does the company have in the global cannabis market?

• Most diverse product range

• Largest production capacity

• Strongest brand recognition

• First-mover advantage