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The cannabis producer Tilray is deploying a 'risky strategy' to expand globally

Published 03/19/2019, 08:56 AM
Updated 03/19/2019, 09:39 AM
© Pedro Fiúza/NurPhoto via Getty Images, Tilray CEO Brendan Kennedy speaks during the Web Summit 2018 in Lisbon, Portugal on November 8, 2018.
  • Tilray on Monday beat on sales but missed on the bottom line.
  • The cannabis producer pointed to a lack of supply in Canada and high international expansion costs.
  • Tilray's argument is that Canada will soon see oversupply and that it will be an insignificant market compared to the opportunities in the EU and US, Jefferies said, citing the company's its earnings call.
  • Tilray's strategy to focus on international expansion while dismissing Canada is very risky, the firm said.
  • Watch Tilray trade live.

Tilray's strategy to focus on international expansion while dismissing Canada is very risky, Jefferies says.

The Canadian cannabis producer on Monday reported better-than-expected sales, but missed on the bottom line due to a lack of supply in Canada and high international expansion costs.

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