/biz/ - Business & Finance

So, a news release from AB InBev (aka Budweiser) came out this afternoon and was promptly overlooked amidst the fed shit. It seems AB InBev is hooking up with Tilray to conduct studies for potential weed drinks. The deal itself isn't big in terms of cash exchange but it is a signal that more big alcohol is coming in to the weed sector in near future. Tilray shot up 15% in after hours on this news. If Tilray punches in to mid 80's tomorrow and holds the gain, that's a buy signal for me. Current AH price is right on the descending trend line so it hasn't broken out yet.

https://www.bnnbloomberg.ca/budweiser-maker-ab-inbev-forges-cannabis-beverage-research-partnership-with-tilray-1.1186069

>>12171753

It's not going to happen immediately if a crash is in the cards. There is always a fight before the big plunge. I expect some retracement of today's sell off for Thursday and Friday. If things are going to get really nasty I'll bet it will be January.