RE:Tilray Posts Q1 Revenues Of US$168.0 Mil, Net Loss Of $34.6 The earnings were not bad at all. Everyone knew it wasn't going to beat expectation. The problem is Er*wink is projecting $4 billion a year in revenue in 3 years. That means Tilray needs to blow expectation every Q till 2024. Unless some huge catalyst develops in the MJ sector, the whole sector will continue its downtrend, now that the biggest player missed. The ball is still in the shorts hands, I am still sitting on the sideline.
It looks like it will be good trade today. I just feel they will take this up today along with the sector since Tilray did not miss by much. They need to trap more sheeps before taking it down again. Just my humble opinion. In at $13.15 for a day trade, stop loss set at $13. Good luck all.