Tilray vs Canopy share value Canopy Total Shares 73.76M @ 10.91CAD
Tilray Total Shares 763.77M @ 2.38CAD
763.77 / 73.76 = 10.36 dilution multiple factor
2.38 x 10.36 = 24.66
So after converting the shares to compare apples to apples ask yourself,if looking to buy either one of these two, would you be willing to pay $24.60CAD for Tilray shares, or would you opt for Canopy shares at $10.91CAD?
Gives a different perspective on how overvalued a short position may see Tilray in comparison to it's peers.