It's Wednesday, December 16th.

Welcome to Marker Fullry.

I'm Chris Hill with me today.

Bill Barker.

Good to see you.

Good to be here.

How's it going?

It's going, all right. Black Rock is going green,

AMC Entertainment is going bankrupt, and one investor is going non-derry. We're going to get to all that, but we're going to start with the deal of the day.

Tilray and Afria, the Canadian cannabis companies, are merging.

It is an all-stock deal that will result in the world's largest cannabis producer.

Shares of both are up, and that's great if you bought shares of both these companies last week, but as you and I were talking about earlier this morning,

particularly in the case of Tilray, it has been a long bumpy ride down from the top.

Yeah, not so many bumps as a smooth descent, rapid descent, and very little pumping back up along the way.

Now it did skyrocket, I think it came public at $25, $30 a share, something like that about two years ago.

Made its way to $150 a share almost immediately within the first couple of months a lot of

you know people thinking everybody was going to start

smoking marijuana all the time and buy all of it from Tilray I guess I don't know how

it got to that price but the stock market does strange things

momentum investing does strange things and you know it's made its way back down to

you know nine dollars a share today after going up 20%. So really why is that? I mean there's no economics, no positive economics so far to the business till Ray they have lost about

500 million dollars in the last 12 months in gap earnings and that's off of

...