RE:RE:RE:RE:RE:rebought 19.77 Thank you for answering that question correctly. The question could be asked of 1000 people and 999 would get the answer wrong. The super low float of shares back then in conjunction with the huge volume and short sellers getting crushed. Thanks hevin.
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momo
hevin wrote: Short answer: Not for at least 5-10 years, if that, and only depending on how many and which countries legalize, not to mention unbridled momentum.
The reason it shot to 300$ last time was the majority of their shares were held in escrow (? right word?). So when the euphoria and speculation of legal cannabis in Canada caused a huge demand for shares of all cannaplays, because there was little supply of Tilray shares, the SP shot quickly to the moon. However, you'll note when the escrow shares were finally released, the SP plummetted.
Now Tilray is a REAL company, a combo of Aphria and Tilray, with REAL huge revenue and REAL growth. The speculation has been minimized. So in my opinion, we're undervalued substantially, especially compared to Canopy. I think we'll soon be at 25US, and there's no reason we can't hit 100$ in a year or two, or even earlier with lots more growth in rev, and a little help from momentum...remember we shot up recently when the WSB reddit boys got involved.
Hope this helps. Do your own due diligence.
TheProphetElijah wrote: Does anyone think with the APHA merger and possible federal MJ legalization that this could go back to $300?