Reefer Madness On Wall Street: Tilray Soars To 718X Revenue After Cramer Tout

Now, it's all about pot stock Tilray, which is up another 40% on Wednesday morning, soaring to $218 in premarket trading, its third straight day of relentless gains after CEO Brendan Kennedy pitched the company’s growth prospects in an interview with Jim Cramer on Tuesday......And with its market cap north of $20 billion as of this morning, the company's implied value is just over $83 million for each of its 243 employees. Incidentally, the company's most recent revenue was $28 million, or some 714x less than its market cap.

 

 

https://www.zerohedge.com/news/2018-09-19/tilray-goes-parabolic-stock-soars-40-premarket-market-cap-hits-20-billion

 

 

 

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