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0 0 0.00748502994011987 0.0179640718562874 0.0104790419161677 0.0404191616766468 0.0464071856287426 0.0419161676646707
Stock impact report

Tilray: Will Raise Money Diluting Shares, Sending Stock Lower [Seeking Alpha]

Tilray, Inc (TLRY)  More Company Research Source: Seeking Alpha
Last tilray, inc earnings: 3/2 04:05 pm Check Earnings Report
PDF SummaryTilray beat on earnings in their latest results pushing up their stock;Revenues remain flat-to-lower over multiple quarters despite epic increases in Canadian cannabis retail sales.Cash On Hand is narrowing and the company will likely have to raise more cash, diluting their shares.When Canada legalized cannabis in October 2018, a slew of companies started up looking for “Green Gold.” There were many startups getting involved wanting to cash in. Then, a few big-name cigarette companies and alcohol companies stepped in to expand their holdings and get involved in a new type of engine of growth; Constellation Brands (STZCGCMOCRONAt the time, I had a home in Colorado and California and saw firsthand the explosive growth and potential that Canadian companies could have. I started writing about some of these companies and following these stocks. I also started building up a portfolio of the ones I liked best. I was very bullish on the industry during that period of time.Enter Tilray [Read more]
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