Why We Feel Cannabis Producer Tilray Is Currently Overvalued

British Columbia-based Tilray Inc., a major Canadian marijuana grower, on July 19, 2018 in New York, marking the first initial public offering for a Canadian marijuana company on a major U.S. exchange. (AP Photo/Bebeto Matthews)

Cannabis company Tilray Inc.’s (NASDAQ: TLRY) stock has soared since its debut on NASDAQ, increasing a scarcely believable 200%. The euphoria surrounding the legalization of recreational marijuana in Canada, the potential of tie-ups with alcohol giants for producing cannabis-infused drinks, and inking a supply agreement with Nova Scotia Liquor Corporation are a few of the factors responsible for the mammoth rise in the share price. The pot company also posted its second quarter results on August 28, wherein it beat consensus expectations on revenue, which rose 95%, but missed on earnings, with losses widening to $12.8 million versus $2.4 million in Q2 2017. With recreational marijuana use legalized in Canada, effective October 2018, along

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