Tilray: Disaster Waiting To Happen
(WorldNews Health)

(Author`s chart based on analyst estimates; date is the end of the first full fiscal year with legalized cannabis throughout.) Third Quarter Financial Results Tilray`s (TLRY) third quarter ended Sept. 30, 2018. Recreational cannabis was legalized in Canada on Oct. 17, 2018, so Tilray`s third quarter does not include recreational revenue - thus, results from the third quarter (at least the income statement) should be taken a bit lightly. (Author based on company filings; QoQ revenue growth is noted) Tilray`s revenue grew to $10 million USD in the third quarter, up 86% y/y. Sequential results were much less impressive: Tilray`s revenue rose 3% sequentially, for an annualized growth rate of...