1 Reason Tilray's Management Promises Could Go Up in Smoke
If you're investing in the cannabis industry, you need to be aware of how overly bullish some companies and CEOs are about their prospects. Tilray Brands (NASDAQ: TLRY) falls into that crowd, pumping itself up to be a $4 billion business in just a few years. It wouldn't be such a stretch if it even generated $1 billion in revenue in the past year, but that isn't the case.
There are warning signs about Tilray's promises and forecasts that investors shouldn't ignore. The most recent one came with it overemphasizing its influence in Germany. And it all leads to the same problem.
A big red flag for me with Tilray is how the company is grossly exaggerating its stature in the industry. One of the most surprising predictions their CEO Irwin Simon made recently was suggesting that no other cannabis company would be in as strong of a position to grow its business when legalization takes place in Europe and the U.S. It's a startling assumption to make, given that while Tilray may be the largest cannabis producer in Canada, there are multiple multi-state operators in the U.S. that generate more revenue than it does and have a huge head start on the market there.
Source Fool.com
