Valued at $4.8 Billion, Pot Firm Tilray Posts $10 Million Sales
- Cannabis valuations surge as many have yet to turn a profit
- Tilray ‘attractive partner’ for alcohol company, analyst says
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Tilray Inc. sold less than $10 million worth of cannabis in the second quarter. Its market value is approaching $5 billion.
The Nanaimo, B.C.-based company, which listed on the Nasdaq in July, is not alone in attracting valuations multiples ahead of revenue. But with a 40 percent jump in its stock price over two trading days before a pullback on Tuesday, it’s a stark example.