Cannin Group
Posted by Cannin Group on Sep 4, 2018 8:11:00 AM

Tilray Stock Increases to 190% from IPO Despite Bubble Bursting Concerns

 

A recent 13% uptick in the value of Tilray stock prevailed over a Forbes article from August 15th on how they feel that “...Cannabis Producer Tilray Is Currently Overvalued”. The Forbes article prices the stock at a $25 price estimate derived from the estimates of Tilray’s revenue projections for 2018.

Tilray stock continued and prevailed and increased an additional 13% on August 31st even with concerns for Tilray’s potential bubble bursting. The latest information from Forbes on the issue is that the company’s increase is “…disconnected from its near-term growth prospects.”

 

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