Here's How Tilray Could Grow by 3X Before 2027
Few marijuana businesses are as hungry for growth as Tilray Brands (NASDAQ: TLRY). With operations spanning North America, Europe, Australia, and South America, its global footprint exposes it to the majority of the world's most lucrative cannabis markets.
That might make it a good investment. But could it become a three-bagger before the decade closes for people who invest today? It's more likely than it sounds. Let's do a few quick calculations to show why it's possible and then explore how tripling in value before 2027 is a target that may well be within reach.
Right now, Tilray has a market cap of just over $2.6 billion, which means that it'll need to grow to reach a cap of $7.8 billion to triple. If we assume that its trailing 12-month (TTM) price-to-sales (P/S) multiple of 3.5 will stay roughly the same, that market cap implies reaching an annual total revenue of around $2.2 billion before 2027. That's quite a big jump from its total revenue of $628.3 million in its 2022 fiscal year.
Source Fool.com
