Why Tilray Inc. is up 200% since August 2018


 
 
12:49 09/04/2018

Shares of Tilray Inc. TLRY  are up another $8 a share today.

While there isn’t anything new to speak of, the most likely answer is that investors have a fear of missing out. All this stock has done is gap higher in recent days. It’s also running on speculation that it could secure a deal like Canopy Growth did with Constellation Brands.

Constellation, by the way, just invested another $4 billion in Canopy.

In the last week alone, TLRY has run from $40 to $73 a share. And some analysts believe it could run to $80, even $90 a share at this pace. All as marijuana stocks continue to build of legalization in Canada this October 17, 2018.

There are plenty of reasons to like TLRY here.

One, “Tilray has a defensible competitive position as an early leader, with its partnership with Privateer offering ability to leverage established and recognizable U.S. brands,” analysts at Cowen said in an August 2018 note.


This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
Most Read