TLRY - Tilray, Inc.
| Previous Close | 18.55 |
| Open | 18.54 |
| Bid | 18.15 x 800 |
| Ask | 18.18 x 2200 |
| Day's Range | 18.07 - 18.86 |
| 52 Week Range | 18.00 - 106.00 |
| Volume | 1240797 |
| Avg. Volume | 1,526,743 |
| Market Cap | 1.8B |
| Beta (3Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.54 |
| Earnings Date | Nov. 12, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 26.92 |
- Baystreet
Stocks in play: CBD Global Sciences, Inc.
Expanded its Aethics brand through a distribution agreement with a leading specialty beverages and healthy ...
- Business Wire
Tilray® Receives Additional GMP Certification at EU Campus Allowing for International Export of Finished Medical Cannabis Products
Tilray, Inc. ("Tilray" or "the Company") (NASDAQ: TLRY), a global pioneer in cannabis research, cultivation, production and distribution, today announced its wholly-owned subsidiary Tilray Portugal, Unipessoal Lda. ("Tilray Portugal") has received its Good Manufacturing Practice (GMP) certification in accordance with European Union standards, for its manufacturing facility in Cantanhede, Portugal. The GMP certification was issued by Infarmed, the Portuguese National Authority of Medicines and Health Products. This is the second GMP certification for Tilray Portugal, which allows the facility to manufacture and export GMP-certified finished medical cannabis products, including dried flower and oils, from Portugal to international markets with legal medical cannabis regulations.
- Business Wire
Tilray® Expands Global Leadership Team With New Manitoba Harvest President
Former Mattel and General Mills executive, Katy Dickson, joins Tilray’s leadership team as Manitoba Harvest President to continue global growth for hemp foods
CNW GroupInner Spirit Holdings to Put Primary Focus on Spiritleaf Brand and Become Pure-Play Recreational Cannabis Retailer
Largest retail cannabis brand in Canada to strengthen its position in the recreational cannabis sector with more store openings and wind-down of Watch It! CALGARY , Dec. 2, 2019 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (ISH.CN), a Canadian company establishing a national network of retail cannabis stores under its Spiritleaf brand, today announced it is putting its corporate focus solely on its Spiritleaf retail cannabis brand and will be voluntarily winding-down its corporate Watch It! Inner Spirit went public in July 2018 and leveraged the experience that the management team gained from operating the Watch It!
- Zacks
Tilray (TLRY) Looks Good: Stock Adds 7.2% in Session
Tilray (TLRY) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.
- Zacks
Marijuana ETFs Bounce Back: Can the Rally Last?
Passing of a legalization bill by a U.S. congressional committee boosted the battered marijuana ETF space lately.
- Yahoo Finance
Marijuana stocks see their best day of the year amid pro-legalization moves
Marijuana stocks surged Thursday on promising regulatory develops in the U.S. and Canada to give one major weed ETF its best day of 2019.
- Yahoo Finance
Why NFL great Joe Theismann is trading risky stocks
Yahoo Finance talks investing with NFL great Joe Theismann.
- Zacks
What's in the Cards for OrganiGram (OGI) in Q4 Earnings?
According to OrganiGram (OGI), there is hugely unmet consumer demand for CBD products.
- Zacks
The Zacks Analyst Blog Highlights: Tilray, Canopy Growth and Aurora Cannabis
The Zacks Analyst Blog Highlights: Tilray, Canopy Growth and Aurora Cannabis
CNW GroupInner Spirit Holdings Announces Third Quarter 2019 Financial Results
CALGARY, Nov. 21, 2019 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (CSE:ISH.CN - News), a Canadian company establishing a national network of retail cannabis stores under its Spiritleaf brand, today announced it has filed its interim Financial Statements and corresponding Management's Discussion and Analysis for the quarter ended September 30, 2019. The filings are available for review on the Company's SEDAR profile at www.sedar.com and on the Company's website at www.innerspiritholdings.com.
- Bloomberg
Big Marijuana Embraced Convertibles. Now They’re Under Water
(Bloomberg) -- The bear market in pot stocks has left billions in convertible debentures underwater, meaning cash-starved companies may have to “creatively restructure” their debt or pay a bill they didn’t expect would come due.Cannabis companies hopped into convertibles in the last three years when their stock prices were soaring and traditional debt markets were largely closed to the untested, unprofitable and stigmatized sector. Issuers that tapped the U.S. markets included Canadian pot giants Canopy Growth Corp., Aurora Cannabis Inc., Tilray Inc. and Aphria Inc.Converts are a form of interest-paying debt that can be converted into stock at a set price. Investors generally buy them on the assumption that shares will appreciate, giving them the opportunity to convert at a discount. If they choose not to convert, companies have to repay the principal when they mature.That was appealing when stocks were appreciating, but the recent rout in what had been high-flying marijuana stocks has left the shares far below the conversion price -- at just the time when cash-strapped companies are finding it tough to raise capital.“We expect more companies with near-term maturities to attempt to creatively restructure their converts if they can,” said Neil Selfe, founder and CEO of Infor Financial Group Inc., a Canadian investment bank that’s active in the cannabis industry. “We are very busy on a number of restructuring and debt-related files given that the equity markets are closed.”When Tilray announced its $475 million bond in October 2018, its conversion price of $167 -- when the embedded stock option would get triggered -- wasn’t far off from where shares were trading, roughly in the $140-$150 band. Its stock has since fallen 87% to $21, meaning investors hoping to convert are banking on a more than 700% rally.Tapping the convertible market in the U.S. gave cannabis companies two significant advantages: a “quantum of capital” and access to an institutional investor base, said Iain Franks, head of convertible and equity-linked products at Cowen Inc. The convertible market in Canada is primarily driven by retail investors.“Cross-listing equities to a U.S. exchange and tapping the U.S. institutional market provides issuers and investors with certain validation that the cannabis sector is real and investable,” Franks said.There was a natural demand for cannabis convertibles in the U.S., especially from hedge funds that were quick to snap up the stocks, according to bankers familiar with the matter, who requested anonymity due to sensitivities surrounding the marijuana market.But cannabis companies’ high-risk credit profiles meant terms were generally less favorable than other issuers, at a time when the pricing environment had been stronger than ever.The summer of convertibles in 2019 meant tech companies like Snap Inc. or industrial issuers such as Fortive Corp. could get sub-1% coupons and 40%-plus conversion premiums. Meanwhile, cannabis convertibles -- many of which aren’t due to mature until 2023 -- have had 4%-plus coupons and sub-25% conversion premiums.“For investors, given how far out-of-the-money the notes are and current trading prices, the securities trade more as a fixed-income substitute with higher yield,” Franks said. “For the issuing companies, unless the valuations recover to 2018 levels, it means the securities will need to be refinanced at some future point.”Last week, Aurora became the first big cannabis company to restructure its converts. It had C$230 million of 5% notes maturing in March 2020 with a conversion price of C$13.05 per share. Shares were trading at C$4.38 when it announced that holders could convert early at a 6% discount to its recent trading price. Holders of 94% of the securities took them up on the offer.“The market was concerned about where we would get that cash to settle that liability in March,” said Aurora Chairman Michael Singer. “That’s gone a long way to strengthen our balance sheet.”However, Aurora’s shares tumbled 29% in the two days after it announced the early conversion, which will dilute its share count by approximately 6%.“Financings like this at these levels are massively dilutive to existing shareholders and it isn’t a surprise that they would react negatively,” said Infor’s Selfe.The average retail investor was probably unhappy at the dilution but it provided an appealing option for institutional holders, who can see long-term value in a company that may otherwise have run out of cash, according to Cowen analyst Vivien Azer.“Ultimately what will benefit these retail investors is more institutional money coming into these stocks and driving down volatility and making more capital available to drive share prices higher,” Azer said. “If this is what needs to happen to clean up these stories so we can get incremental institutional capital in these names, everyone benefits.”To contact the reporters on this story: Kristine Owram in New York at kowram@bloomberg.net;Crystal Kim in New York at ckim426@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Scott Schnipper, Richard RichtmyerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Can Bill Hopes Relieve Earnings-Induced Pain in Pot ETFs?
A wave of disappointing earnings caused a bloodbath in marijuana ETFs last week. However, talks of an end to the federal embargo on marijuana could turn this segment around.
- Investing.com
StockBeat: Canopy Growth Back on Buy List, BofA Says
Investing.com – Canopy Growth has plunged in recent months to levels that finally make it worth buying, Bank of America said on Wednesday, sending shares of the Canadian cannabis producer sharply higher.
- Simply Wall St.
Is Tilray (NASDAQ:TLRY) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
- Yahoo Finance
Why a 'blue wave' in 2020 could set cannabis stocks up to double
While some market analysts point to a blue wave being value destructive to the overall market, it could boost cannabis stocks, says CFRA's Garrett Nelson.
- Zacks
Implied Volatility Surging for Tilray (TLRY) Stock Options
Investors need to pay close attention to Tilray (TLRY) stock based on the movements in the options market lately.
- Zacks
Why Marijuana Stocks Plummeted in 2019
Marijuana stocks were on a tear last year, but 2019 has sent stock tumbling back down to Earth. What happened?
- Yahoo Finance
How this CBD company created a buzz by 'kind of making fun of millennial culture'
Ask Benjamin Witte about Recess, and one of the first places he’ll send you is the company’s Instagram page.
- The Motley Fool
3 Cannabis Developments Investors Need to Know About Today
Tilray Inc. (NASDAQ:TLRY) and HEXO Corp. (TSX:HEXO)(NYSE:HEXO) are two key stocks to keep an eye on as the cannabis space ramps up for winter.
CNW GroupInner Spirit Holdings Announces Launch of Online Cannabis Retail and Opening of Franchise Ownership Opportunities in Saskatchewan
CALGARY, Nov. 13, 2019 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (CSE:ISH.CN - News), a Canadian company establishing a national network of retail cannabis stores under its Spiritleaf brand, today announced plans to expand across the province of Saskatchewan with the launch of an online cannabis retail website at sk.spiritleaf.ca and the resumption of franchise sales activity directed at local entrepreneurs in the province. "We have become Canada's number one cannabis retailer by continually finding new ways to deliver the best shopping experience for our customers.
- Bloomberg
Tilray Canada Business to Turn Profit Ahead of Target, CEO Says
(Bloomberg) -- Tilray Inc.’s Canadian operations should be profitable sooner than the late 2020 target set for the company as a whole, according to Chief Executive Officer Brendan Kennedy.The cannabis company said Tuesday that it expects to generate overall positive earnings before interest, taxes, depreciation and amortization by the final quarter of next year. However, Kennedy said its primary Canadian business should reach the key metric sooner than that.“It’s likely that our business in Canada will be Ebitda positive before the rest of our business, just because it’s at a different stage of development,” he said Wednesday in an interview with Bloomberg TV on the sidelines of Cowen & Co.’s cannabis conference in Boston. “That business is much more mature. We’ve been operating it for six years.” Once-bullish investors have increasingly punished cannabis companies that don’t show a clear path to profitability. Tilray’s shares have fallen about 70% since the beginning of the year amid broad-based weakness across the sector. The stock was also volatile on Wednesday after the company posted a wider-than-expected Ebitda loss.Management’s optimistic forecasts have been thwarted due to a slower-than-expected retail rollout in Canada and regulatory issues in the U.S., but Kennedy said he’s confident that Tilray will meet its guidance, which assumes 800 to 1,000 stores open by the end of 2020.“We have some buffer in our targets,” he said. “That gives us a lot of confidence.”Tilray also said it has enough cash to fund its operations until it reaches positive Ebitda in late 2020, but Kennedy said it has options if it does need to raise capital.“We have about $300 million in real estate and facility assets that we own completely, so that’s clearly one option,” he said. “But at this point we haven’t moved very far down any of those paths.”To contact the reporter on this story: Kristine Owram in New York at kowram@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Jennifer Bissell-LinskFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
