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Tilray Is A Disaster

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Tilray dipped below $40 on a big earnings miss.
The company still has a $4 billion market cap despite quarterly cannabis revenues of only $22 million.
The substantial cannabis price per gram drop is a sign of future market pricing as more supply reaches the market.
Avoid the stock still trading at up to 10x forward revenue estimates that aren't realistic.
With Tilray (TLRY) trading down below $40, the market has clearly finally caught onto the revenue gimmick game of the Canadian cannabis LPs. The company continues to expand into far-flung areas against large levels of competition without any legitimate spending restraints. The stock was the poster child for the excesses in the sector, and Tilray is still poised to head lower reinforcing our previous research.
Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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