Cannabis stocks rally ahead of Tilray earnings report


Cannabis stocks had been greater Monday, as investors reacted to the newest tie-ups in the sector and awaited the release of quarterly earnings from Tilray Inc. just after the close.

With its stock anticipated to shed 12 cents per share on income of $14.15 million, the additional essential consideration is Tilray’s efforts to develop credibility with the marijuana and basic investor communities., reports Investors Location this morning.

Analysts have in fact been mixed on their evaluation of Tilray. Readers may possibly bear in mind that final week, Jefferies analyst Owen Bennett mentioned Tilray was more than-valued, adding that he struggled to justify the company’s present valuation.

Nonetheless, Cowen analyst Vivien Azer requires a distinct view. She cites the acquisition of Manitoba Harvest in late February as providing Tilray access to a broad portfolio of meals solutions presently distributed in 16,000 retailers in the U.S….

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