Tilray CEO Prospect

2018-09-19

$Tilray Inc.(TLRY)$ Tilray Inc. (TLRY) CEO Brendan Kennedy believes that the marijuana research, production and distribution specialist can one day become a $100 billion company.

Shares of the company surged 29% on Tuesday after it announced it had received approval to import marijuana to the United States for medical research. The stock has been targeted by short sellers in recent months, with some investors even comparing its near 800% share price rise since its July initial public offering to the bitcoin bubble.

In an interview in New York, reported on by Bloomberg, Kennedy admitted his surprise at the company’s current $14.4 billion market capitalization, but also stressed that he does not believe that Tilray, the largest pot stock, is overvalued. Instead, he argued that the company has all the ingredients to one day be among the biggest listed firms in the U.S. (See also: Tilray Shares Soar Defying Short-Sellers)

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Comments

少保
2018-09-19
少保
还得涨十倍
- 森森老师:
  Tilray Inc. is quite prospective.

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