Pot Darling Tilray Reports With Focus on Sales: Cannabis Weekly

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Because it was the first (and only) cannabis company to do an initial public offering on a U.S. exchange, it became one of the most widely traded and volatile cannabis stocks during last fall’s run-up, gaining as much as 94 percent in a single day to a high of $300 in September. Things have calmed down since then, with Tilray closing Friday at $72.50 and a market value of almost $7 billion. It’s still one of the most closely watched cannabis stocks, and investors will undoubtedly take a close look at its earnings when they’re released post-market.