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Stockreport

Valuations Continue to Climb for U.S. Cannabis Companies

Tilray, Inc (TLRY)  More Company Research Source: PR Newswire
Last tilray, inc earnings: 5/14 04:05 pm Check Earnings Report
PDF NEW YORK, April 15, 2019 /PRNewswire/ -- Recent moves by both New Jersey and Pennsylvania towards marijuana legalization are pushing expectations on US stocks ahead of their neighbors to the North. Analysts are observing a valuation gap between Canadian and US cannabis stocks developing, despite US-based revenues surging ahead. The result has been a recent increased focus on US-based companies such as Chemistree Technology Inc. (CSE:CHM) (OTC:CHMJF), Planet 13 Holdings Inc. (CSE:PLTH) (OTC:PLNHF), KushCo Holdings, Inc. (OTC:KSHB), Charlotte's Web Holdings, Inc. (OTC:CWBHF) (CSE:CWEB) and Tilray, Inc. (NASDAQ:TLRY).Among the top 10 companies in the cannabis sector by market value, the split is now currently 50/50 — Canadian vs American. As the market begins to realize the huge potential of the US market, entities like vertically integrated Chemistree Technology Inc. (CSE:CHM.CN) (OTCQB:CHMJF)are continuing to forge ahead in increasing their US footprint.Through its US subsidiary, Ameri [Read more]

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