$Tilray Inc.(TLRY)$ Tilray Inc. (TLRY) CEO Brendan Kennedy believes that the marijuana research, production and distribution specialist can one day become a $100 billion company. Shares of the company surged 29% on Tuesday after it announced it had received approval to import marijuana to the United States for medical research. The stock has been targeted by short sellers in recent months, with some investors even comparing its near 800% share price rise since its July initial public offering to the bitcoin bubble. In an interview in New York, reported on by Bloomberg, Kennedy admitted his surprise at the company’s current $14.4 billion market capitalization, but also stressed that he does not believe that Tilray, the largest pot stock, is overvalued. Instead, he argued that the company ha
$Tilray Inc.(TLRY)$ so far, as some pundits said, marijuana stock especially Tilray won’t tumble on large scale anymore since the legislation is ahead around the corner in the coming October.
$Tilray Inc.(TLRY)$ It’s no secret that Canada is about to experience a big boom and we’re already seeing a number of Canadian cannabis companies target the global arena for international trade & distribution. So let’s pick apart this fear piece because, in our opinion, this is not a new thing either. What the article highlighted were long-standing rules that have already been in place & then dressed it up by adding in some SERIOUS speculative opinions.
$Tilray Inc.(TLRY)$ $Tilray Inc.(TLRY)$ Own stocks as the next bear isn’t lurking like in 2008. The next bear is speculated to occur due to Euphoria several years ahead.
$Tilray Inc.(TLRY)$ The company will undoubtedly face some form of correction for its hasty gains, losing some of its value in the near **re. But overall, Tilray has a lot going for it that will help ward off the charges of overvaluation.
$Tilray Inc.(TLRY)$ Thanks to its huge gains in recent weeks, Tilray now claims a market cap of $8.8 billion. There's no way that the stock can continue growing at its current rate for too much longer. The question is whether Tilray is a bubble waiting to pop or a business built for long-term growth. I think it's possible that the answer to the question is "both."