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Fly News Breaks for November 14, 2019
TLRY
Nov 14, 2019 | 09:00 EDT
MKM Partners analyst Bill Kirk lowered his price target on Tilray to $26 and kept his Neutral rating after its mixed Q3 results, with revenue just above consensus and EBITDA missing expectations. The analyst notes that other companies in the cannabis space missed on both top line and profitability, stating that until these companies curtail spending or the pricing improves, near-term profitability for Tilray is also difficult to model. Kirk adds that lower price point products may be "the only way to compete" with the illicit market, but make achieving profitability even more difficult.
News For TLRY From the Last 2 Days
TLRY
Apr 25, 2024 | 10:57 EDT
In this week's "Rising High," The Fly's recurring series focused on cannabis and psychedelic stock news, The Fly looks back on study dosing, a completed acquisition and a research partnership. ATAI ANNOUNCES DOSING... To see the rest of the story go to thefly.com. See Story Here
TLRY
Apr 25, 2024 | 08:29 EDT
Tilray Brands celebrated 420 with an unprecedented display of community and craftsmanship, with over 20,000 guests attending Tilray's 420 weekend events of vibrant festivals and environmental advocacy. "As a company, we recognize the cultural significance of 420 and its impact on the cannabis industry. By celebrating this day across our brands, we not only honor the traditions of our consumers but also continue to push the boundaries of innovation and progress across both cannabis and craft beer industries," said Irwin Simon, Chairman and CEO, Tilray Brands. "Tilray Brands will continue to connect with consumers across the U.S. and international markets through more festivals, concerts, and events that bring together our passionate community. We will continue to collaborate with like-minded partners who share our values and vision and work towards creating meaningful experiences that are fun and that empower our consumers."