Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Tilray Is Rallying Today

TheMotleyFool

0 0

Shares of pot grower Tilray (NASDAQ: TLRY) are up 4.1% to $14.54 apiece as of 10:30 a.m. EDT. On Aug. 4, Tilray's CEO Irwin Simons gave an exclusive interview to cannabis business news outlet New Cannabis Ventures. Simons reiterated the strategy outlined in the company's recent earnings call: greater integration in the Canadian cannabis industry, continued momentum in Europe, and synergizing with the merging U.S. marijuana market.

Image source: Getty Images.

Tilray is on track for some spectacular growth. It has a substantial presence in the U.S. via its craft beer subsidiary SweetWater Brewing and hemp CBD subsidiary Manitoba Harvest. The company sees them growing to $200 million in annual sales in the near future.

Source Fool.com

Like: 0

CGC

Share