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Fly News Breaks for August 23, 2019
TLRY
Aug 23, 2019 | 08:36 EDT
Cowen analyst Vivien Azer met with Tilray management following impressive Q2 results. The analyst admitted the company's cash use is high but said the company is making investments to reach its goal if becoming a global leader with cannabis. He believes the company could look to raise capital in the back half of 2020 but is comforted by management's expectations for Canada profitability sometime in the quarter or so. Azer reiterated her Outperform rating and $!50 price target on Tilray shares.