Tilray Stock Lights Up as Partnerships Obscure Profitability Problem

Kevin Curran - finance.yahoo.com Posted 5 years ago

stock was higher in pre-market trading Tuesday after a better than expected sales report and a focus on partnerships from management. "We are still in the early stages of the global transformation of $150 billion worldwide industry," Tilray CEO Brendan Kennedy told investors. Kennedy noted that Tilray is well positioned to lead the transition based on its partner with "established distributors and retailers to scale distribution of our products further and faster" to a global audience that could help justify the company's hefty market cap for a company with its sales figures.

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