Is Pot Stock Tilray Inc. Overvalued?

Brendan Kennedy, third from right in front, CEO and founder of British Columbia-based Tilray Inc., a major Canadian marijuana grower, leads cheers as confetti falls to celebrate his company’s IPO (TLRY) at Nasdaq, Thursday, July 19, 2018, in New York. Medical marijuana is legal in Canada, and soon, the country will become the first major industrialized nation to legalize its production and sale for recreational use. (AP Photo/Bebeto Matthews)

Tilray Inc. (NASDAQ: TLRY) became the first marijuana company to have an initial public offering on the U.S. stock exchange. While other marijuana companies are also listed on American exchanges, such as Cronos Group and Canopy Growth Corp., they were first listed on Canadian exchanges. With recreational marijuana use legalized in Canada, effective October 2018, along with medical cannabis usage allowed in a number of international markets, this market is expected to boom. Keeping this in mind, many pot companies

... read more at: https://www.forbes.com/sites/greatspeculations/2018/08/15/is-pot-stock-tilray-inc-overvalued/

by