Legitimate Cannabis is in Demand Again: Tilray
Tilray is another cannabis producer from Canada. Its stocks surged amid expectations of marijuana legalisation in the United States, but are now trading far below their peaks of $67 in 2021. The current price at $3 per share, is somewhat attractive as long-term investments.
The majority of TLRY revenues do not come from marijuana sales although the company does control 8.3% of the cannabis market in Canada. Tilray receives 34% of its revenues from cannabis sales. It is the only cannabis producer in Canada that has positive adjusted EBITDA, and sustainable financials overall. The company has cash and cash equivalents of $433.5 million with a debt of $593 million.
Tilray has large greenhouses in Canada and can easily boost production of cannabis if it becomes legal for the whole territory of the United States. The company has invested $165.7 million into its U.S. company MedMen that conducts operations in many American states.
Disclaimer:
The comments, insights, and reviews posted in this section are solely the opinions and perspectives of authors and do not represent the views or endorsements of RHC Investments or its administrators, except if explicitly indicated. RHC Investments provides a platform for users to share their thoughts on financial market news, investing strategies, and related topics. However, we do not guarantee the accuracy, completeness, or reliability of any user-generated content.
Investment Risks and Advice:
Please be aware that all investment decisions involve risks, and the information shared on metadoro.com should not be considered as financial advice. Always conduct thorough research, seek professional advice, and exercise caution when making investment decisions.
Moderation and Monitoring:
While we strive to maintain a respectful and informative environment, we cannot endorse or verify the accuracy of all user-generated content. We reserve the right to moderate, edit, or remove any comments or posts that violate our community guidelines, infringe on intellectual property rights, or contain harmful content.
Content Ownership:
By submitting content to metadoro.com, users grant RHC Investments a non-exclusive, royalty-free license to use, display, and distribute the content. Users are responsible for ensuring they have the necessary rights to share the content they post.
Community Guidelines:
To maintain a positive and respectful community, users are expected to adhere to the community guidelines of Metadoro. Any content that is misleading, offensive, or violates applicable laws and regulations will be subject to moderation or removal.
Changes to Disclaimer:
We reserve the right to update, modify, or amend this disclaimer at any time. Users are encouraged to review this disclaimer periodically to stay informed about any changes.
