Tilray's strategy to focus on international expansion while dismissing Canada is very risky, Jefferies says.
's strategy to focus on international expansion while dismissing Canada is very risky, Jefferies says.better-than-expected sales, but missed on the bottom line due to a lack of supply in Canada and high international expansion costs.
"The company's argument is that Canada will soon see oversupply and Canada will be insignificant anyway compared to the EU and US opportunity," Jefferies analyst Owen Bennett said in a note out Tuesday, citing comments from Tilray's management during the company's fourth-quarter earnings call. "We think this is a risky strategy near term given its multiple, especially as investors will be increasingly looking to Canada as evidence of a company's ability to execute, and international is yet to contribute in any material way to sales and yet costs are weighing ," Bennett added.
Tilray debuted for trading on the Nasdaq in July, becoming the first cannabis company to have an initial public offering in the US. Since then, it has sped up expanding its business globally., hoping to commercialize its non-smokable medical-cannabis products, develop new products, and educate pharmacists and physicians about cannabis.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Cannabis stocks rally ahead of Tilray earningsCannabis stocks were higher Monday, as investors reacted to the latest tie-ups in the sector and awaited the release of quarterly earnings from Tilray Inc....
Lire la suite »
Here comes Tilray...Tilray is set to report fourth-quarter earnings after Monday's closing bell.
Lire la suite »
Cannabis producer Tilray stock rises after losses widen, revenue tops estimatesTilray Inc. shares gained more than 4% in the extended session Monday after the cannabis producer reported wider-than-expected losses but beat Wall Street...
Lire la suite »
After-hours buzz: Tilray, Del Taco Restaurants & moreSee which stocks are posting big moves after the bell on March 18.
Lire la suite »
Tilray stock rises after the company shows it can sell recreational potTilray Inc. finally showed investors that it is capable of selling recreational pot in Canada, but emphasized its pivot to markets in the U.S. and Europe...
Lire la suite »
Canada not grounding Boeing 737 MAX 8, ready to act if new information emergesCanada has no plans to ground Boeing 737 MAX 8 aircraft, but is ready to 'a...
Lire la suite »
Canada re-examining Boeing 737 MAX approval after FAA certification probeTransport Canada is re-examining the validation it gave Boeing Co's 737 MAX...
Lire la suite »
Brazil waives visas for visitors from U.S., Canada, Australia, JapanThe Brazilian government on Monday waived visa requirements for visitors from th...
Lire la suite »