Opinions Jim Cramer - Mad Money
Tilray Inc.TLRYWATCHApr 05, 2024
Stock price when the opinion was issued
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Premium contentTilray reported a revenue of 288M, which is a -6.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. A decline in revenue can be concerning, as it might indicate reduced sales or challenges in the market. It's important to investigate further to understand the underlying causes. Gross Profit stood at 79M, marking a -14.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes. Social media mentions are up 28.2% in the past 24h.
Premium contentTilray reported a revenue of 210M, which is a -32% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. A decline in revenue can be concerning, as it might indicate reduced sales or challenges in the market. It's important to investigate further to understand the underlying causes.Gross Profit stood at 57M, marking a -38.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes. Social media mentions are up 24.9% in the past 24h.
A lot of $$ was made, but now investors have come to realize marijuana is just a commodity. The company bears all the costs, but it has the federal/provincial government as a partner that shares equally in all the upside, but none of the down. Even advertising is restricted.
For a consumer stock, he holds Unilever.
So much wealth got destroyed in the cannabis sector, but Tilray will be one of the survivors. He can't offer a solid opinion about TLRY, because he needs to learn more about it, but he's starting to study the cannabis sector. Something will happen in the U.S. that will make banking for these companies allowable--and this will be a major move.
Florida's upcoming vote to legalize cannabis could impact the industry. So, he will go back to this name after a long call and listen to their conference call.