3 Things About Tilray That Smart Investors Know
The merger between two Canadian pot companies Aphria and Tilray (NASDAQ: TLRY) has been the highlight of the industry this year. Tilray, which was once a smaller company, now holds a market cap of $5.2 billion since the merger completed in May. The terms of the merger deal required the new company to operate under the Tilray name.
Smart investors know that a merger this big takes time to fully integrate and start showing results -- a glimpse of which was seen in Tilray's recent earnings. Tilray reported an outstanding fourth quarter ended May 31 for which it had a net profit for the first time. It also recorded the ninth consecutive quarter of positive adjusted earnings before interest, tax, depreciation, and amortization (EBITDA). So what else about Tilray makes it a worthwhile buy for the long term?
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Source Fool.com
