Tilray (TLRY) has been portrayed by most investors as the most expensive cannabis stock on earth. Trading at 155x annualized last quarter revenue, many thought the bubble can’t get any worse than Tilray. However, Cronos (CRON) has quietly overtaken Tilray as the most expensive stock as both stocks traded in opposite directions during the last few months.
Tilray Slowly Deflating
We all know Tilray is overvalued. There have been hundreds of articles written on this stock all over the internet. In any case, it does not seem to make sense
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