Kerrisdale Capital said it is short Tilray, Inc. (NASDAQ:TLRY) in a report Monday, describing the company as a "failing cannabis player." The short-seller added that the company is running a "familiar playbook for unsuccessful businesses trading in the public markets." Tilray shares are down more than 6% following the report, trading around the $2.75 per share mark. However, … [Read more...] about Tilray, Inc. a ‘failing cannabis player,’ claims short-seller Kerrisdale Capital
Tilray
Can Tilray successfully synergize its cannabis, alcohol businesses?
With its right hand, Tilray Brands has consolidated a swath of the Canadian cannabis market, most recently buying Hexo Corp. in its quest to grow market share. With its left hand, Tilray has gone on a beverage alcohol acquisition bender in the United States. After several alcohol acquisitions that turned Tilray into one of the largest U.S. craft brewers, the company recently … [Read more...] about Can Tilray successfully synergize its cannabis, alcohol businesses?