TLRY

Tilray Inc

Consumer


Presented:03/19/2019
Price:$69.79
Cap:$6.50B
Current Price:$1.57
Cap:$1.42B

Presented

Date03/19/2019
Price$69.79
Market Cap$6.50B
Ent Value$6.40B
P/E Ratio416.06x
Book Value$2.12
Div Yield0%
Shares O/S93.16M
Ave Daily Vol2,710,630
Short Int24.62%

Current

Price$1.57
Market Cap$1.42B
Tilray, Inc. engages in the research, cultivation, production, and distribution of medical cannabis and cannabinoids. Its products include dried cannabis and cannabis extracts. The company was founded on January 24, 2018 and is headquartered in Nanaimo, Canada.

Publicly traded companies mentioned herein: Anheuser-Busch InBev SA/NV (BUD), Tilray Inc (TLRY)

Highlights

The presenter is short shares of Tilray Inc (TLRY), as it’s the “easiest” way to bet on the risks of oversupply and lackluster demand for legal cannabis in the Canadian market. Despite its popularity amongst retail investors (e.g., Robinhood users), he views shares trading at ~$70, ~20x consensus 2020 sales estimates, as overpriced. Over the next couple quarters, the presenter expects shares to fall, perhaps to as low as ~$10, due to a combination of negative macro factors, the impending lock-up period expiration, and continued earnings misses.

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Idea Discussion

Commentor 1 - 2 weeks ago

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