Tag Archives: Tilray Inc.

US-based cannabis sales are projected to reach US$75 billion in 2030 which will outpace the US$60B in wine sales of the $60 billion and almost match the US$77B in cigarette sales. This explosion in the cannabis market has caught the attention of big name brands hailing from other markets who can benefit from the integration of cannabis-based business. This article identifies 9 major consumer and pharmaceutical corporations who have bought into marijuana companies to take full advantage of this rapidly growing market.

Europe’s population dwarfs that of both Canada and the U.S combined and it is predicted that over the next 5 years the CBD industry will grow more than 400% through 2023 in Europe (source) that will make it the largest legal cannabis market in the world. This is a great opportunity for companies to enter and expand through Europe with far less competition than we’re seeing in the U.S. and Canada.

Shares of Tilray, Inc. (Nasdaq: TLRY) - a US$3.8B cannabis company - dropped 15% on Wednesday after reporting a net loss of US$35.1M for the second quarter ended June 30, 2019 despite producing revenue of US$45.9M and continues to fall further today.