Pot Darling Tilray Reports With Focus on Sales: Cannabis Weekly
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Tilray Inc., which reports its first full quarter of post-legalization results on Monday, has in many ways been the poster child for pot-stock mania.
Because it was the first (and only) cannabis company to do an initial public offering on a U.S. exchange, it became one of the most widely traded and volatile cannabis stocks during last fall’s run-up, gaining as much as 94 percent in a single day to a high of $300 in September. That gave it a market value of nearly $20 billion, on revenue of just $10 million.