Tilray (TLRY) Revenue Growth & Cannabis Bill That Cleared The Senate Last Week
Tilray (TLRY) Revenue Growth & Cannabis Bill That Cleared The Senate Last Week
Tilray’s (TLRY) debt remains high, while tangible book value remains low relative to the market-cap, notes Alan Brochstein. He and Andrew Hunzicker discuss outlook for TLRY and other cannabis stocks. TLRY’s adjusted EPS came in at -$0.10 versus an estimated -$0.05 and revenue came in at $176.95M versus an estimated $175.12M. Alan highlights how the stock remains very expensive at about 25X projected adjusted EBITDA for the year ending 5/31/24. They then look at the cannabis banking bill which cleared Senate committee last week and versions of the bill have passed the house seven times, but this is the first time it advanced in the Senate. This would provide safe harbor for legal state-level dispensaries and growers to access federally regulated banks and credit unions. Andrew still expects industry that took 10 years to get to almost 50% of states fully legal/$30 billion market to double in next 5 years, maybe quicker if Congress acts. They then go over what investors should know about cannabis stocks. Tune in to find out more about the stock market today.
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TLRY and CGC🎉🎉
Terrible vidéo. No viable content
Dilution dilution dilution
This dude Allen has no clue what he hell he is talking about ! Tilray below a $1 ? Yeah right, obviously you don’t understand how this market works! Tilray is in a monthly uptrend and trying to form a higher low targeting $1.95, could be formed between $1.50 and 1.95 tilray will more like form a higher high in the next couple of weeks or into November! Don’t listen to this guy!
Do not touch VFF or CRON
Buy an america ETF instead
Canadian companies are being bled by the greedy socialist / globalist / communist gov
Stay away from all cdn pot stocks and avoid a disaster
TLRY x25
never a buy
Alan Brockstein is the goat!!
Any successful business Must have a product that either goes up in smoke or down the drain. Hemp is on a whole other level and adding Beer is never going to hurt either..
This guy is probably shorting Tilray
Hats off to the leadership and employees of Tilray! They are going to Crush It with the cannabis infused beverage products! Think of just the sales from concerts and sporting events! Very excited for the future of this company! I’m a long time shareholder, and have been dollar cost averaging more TLRY shares every two weeks.Happy to take part this companies future growth and success!
VFF you kidding me? Back in the day when the share was 20 dollars when they raised money they always raised money and announced the offerings at a price lower than the market
In doing this this terrible management helped to lower the price to where it is today
The lowest priced producer in Canada financed by shareholders? Right
The founder should have been bought out years ago
Koe vrboski danso prydycetot. Mohen
legalize it, babay!
Aron brockstien