This Is the Boldest Prediction Yet From Tilray's CEO
Tilray Brands (NASDAQ: TLRY) CEO Irwin Simon is no stranger to making lofty projections. He already put out a plan to hit $4 billion in annual revenue by the end of fiscal 2024. That's just two years away and would mean the business needs to generate sales growth of at least 537% between now and then (its sales totaled $628 million for the year ending May 31).
But as optimistic of a forecast as that is, I was even more taken aback by a startling prediction that Simon made in a recent interview.
Simon's goal to hit $4 billion in annual revenue assumes that legalization takes place in Europe and the U.S. And in a recent interview with CNBC, he said that once that happens, there won't be another company out there "that will have the assets and the ability to grow and build brands like we will."
Source Fool.com
