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Meet 9 Of The Richest People In The Cannabis Industry
Friday, December 3, 2021 - 11:58am | 743The recreational and medical cannabis industry has made great strides in the United States and Canada throughout the past few years. According to a recent report from Leafly, cannabis is now the fifth-most valuable crop in the United States. This phenomenal growth in the cannabis industry has...
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Tilray CEO Touts Many 'Cannabis Firsts' In Glowing Letter To Employees After Earnings Call
Thursday, February 18, 2021 - 5:45pm | 635Brendan Kennedy, CEO of cannabis giant Tilray Inc. (NASDAQ: TLRY), posted a letter to his employees after the company hosted its most recent earnings call. In the letter, Kennedy emphasized the 26% revenue spike in 2020 (compared to 2019) and reiterated that the Nanaimo,...
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Tilray Reports 26% Revenue Spike For 2020, Plans To Close Aphria Deal In Q2
Wednesday, February 17, 2021 - 6:24pm | 438Cannabis giant Tilray Inc. (NASDAQ: TLRY) saw revenue climb to $210.5 million in 2020. That's a 26% spike compared to what the Nanaimo, Canada-based company reported for 2019. In Tilray's earnings report published Wednesday afternoon, CEO Brendan Kennedy...
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Aphria CEO Talks Up Tilray Deal, Expects To Be EBIDTA-Positive And 'Not Burning Cash'
Friday, January 1, 2021 - 12:26pm | 1041Earlier this month, cannabis growers Aphria (NASDAQ: APHA) and Tilray (NASDAQ: TLRY) announced a merger to create the largest enterprise in the industry by revenue. It is estimated the combined entity will be valued at roughly $3.9 billion, boasting pro-forma yearly sales of $685 million....
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Stock Wars: Aurora Cannabis Vs. Tilray
Wednesday, November 11, 2020 - 10:10am | 797Pot stocks have been trading higher on the heels of Joe Biden being announced as the 2020 presidential election winner. The five states that passed legalization for adult-use cannabis and medical cannabis also bolstered the market. Today, we take a look at two of the hottest pot stocks on major...
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Why Tilray's CEO Is Optimistic About The Cannabis Industry
Monday, January 27, 2020 - 2:30pm | 380To say that last year was a challenging one for cannabis stocks is an understatement. The cannabis industry had a tough time in 2019, with many companies trying to survive by relying on mergers and acquisitions. What Happened With Tilray A well-known name in the industry, Tilray Inc (NASDAQ: TLRY...
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Tilray Trades Down On Q3 Results; Price Per Gram Drops 48% Year-Over-Year
Tuesday, November 12, 2019 - 5:49pm | 186Tilray Inc (NASDAQ: TLRY) shares were moving higher Tuesday after the cannabis company reported a third-quarter earnings beat. Earnings came in at a loss of 36 cents per share, missing estimates by 6 cents. Sales came in at $51.1 million, beating estimates by $1.51 million. “Our performance...
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Tilray CEO Talks Global Cannabis Interest, New Participants In Bloomberg Interview
Thursday, September 5, 2019 - 12:48pm | 430Cannabis company Tilray, Inc. (NASDAQ: TLRY) participated in The Barclays Global Consumer Staples Conference, and CEO Brendan Kennedy told Bloomberg there is "a lot of interest" among participants in gaining new exposure to cannabis. What Happened Many Fortune 500 CPG brands are looking...
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Tilray CEO: Growth Should Continue For 'Quarters And Years'
Wednesday, August 14, 2019 - 10:14am | 432Cannabis company Tilray Inc (NASDAQ: TLRY) reported a 323% year-over-year second-quarter revenue increase Tuesday. In an interview with CNBC following the earnings release, CEO Brendan Kennedy said he expects to see continued growth in the "coming quarters and years." What Happened Tilray...
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Cramer To Cannabis Investors: Be Cautious With 'Promotional' Executives
Friday, May 17, 2019 - 11:39am | 571As is the case in any industry, some companies are simply better than others. This logic holds true in the cannabis space, where only some companies boast ample capital and are backed by a strong management team, CNBC's Jim Cramer said during his daily "Mad Money" show Thursday. Other...
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Tilray CEO On Cannabis Company's Q1: 'Our Objective Is To Invest For The Long-Term'
Wednesday, May 15, 2019 - 2:39pm | 403Tilray Inc (NASDAQ: TLRY) reported Tuesday with first-quarter results that were highlighted by a 195-percent jump in revenue year-over-year — and show the long-term opportunity within the cannabis space, CEO Brendan Kennedy told CNBC following the earnings release. Focus Beyond...